After reporting record-breaking annual sales of 11.2 million vehicles in 2023, Toyota Motor opens new tab maintained its position as the best-selling automaker in the world for a fourth year running, though its chairman issued an apology on Tuesday regarding issues at three group subsidiaries....

Intel announced a very bleak forecast for its first quarter revenue performance which has pulled down the shares of the company drastically. This, according to experts, is because of the lagging of the chipmaker compared to its peers in the AI race. The performance of the chipmaker is also expected...

As Chinese policymakers struggle to handle a worsening crisis, a court in Hong Kong ordered the liquidation of China Evergrande Group on Monday This step is expected to cause tremors in the country's collapsing financial markets.   After noting that Evergrande had failed to present...

Mercedes-Benz has announced that it is willing to sell the dealerships and workshops it currently owns in Germany.   "After very positive experiences in various European markets, we are now also examining how we can set up our Group-owned retail branches more independently in Germany," the...

Due to Houthi militia attacks on ships, several cruise operators have cancelled or changed their routes to avoid the Red Sea; nonetheless, the business, which is valued at billions of dollars, is not likely to be significantly impacted overall.   Since November, the Iran-backed militia has...

Safran, a French engine manufacturer, announced on Friday that wind tunnel testing for its "RISE" technology project, which involves designing radical jet engines for the upcoming medium-haul jets, has started.   The foundation for an open-bladed jet engine that can cut pollutants and fuel...

Social media company Reddit has outlined specific plans to begin its initial public offering (IPO) in March, pursuing a listing it has been considering for almost three years, according to a Reuters report quoting information from persons familiar with the subject.   It would be the first...

The fastest sea route between Asia and Europe, which carries 12% of the world's container traffic, the Suez Canal, has been blocked by weeks of attacks on vessels in the Red Sea by militants backed by Iran.   Prolonged disruption would be a new risk to the European economy's outlook, which...

As the business continues to redirect resources towards fields like artificial intelligence, Google CEO Sundar Pichai is alerting staff members to the possibility of additional layoffs this year.   Pichai stated, "We have ambitious goals and will be investing in our big priorities this...

According to governance experts and analysts, Elon Musk's threat to develop robotics and AI outside of Tesla unless he gains greater voting power may violate his duties as CEO and cast doubt on the automaker's valuation.   The outspoken billionaire declared on Monday that unless he has...

Amid increasing competition in the largest smartphone market globally, Apple is slashing the prices of its iPhones in China by as much as 500 yuan ($70). This is a remarkable markdown for the company.   The American tech giant reduced the cost of select iPhone models by 5% on Monday,...