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Tesla's Stock Drops Following Lowering Of Price Target By Morgan Stanley Due To Waning Demand For EVs

After a closely followed Morgan Stanley analyst cut his price target on the company, stating that despite significant price reductions, demand for electric vehicles was still declining in important markets, notably China, Tesla's shares saw a third day of declines.   After Tesla's poor...

U.S. Lab Reports Presence Of Cancer-Causing Chemical In Clinique And Clearasil Acne Treatments

Certain acne treatments, such as Clinique by Estee Lauder, Up & Up by Target, and Clearasil by Reckitt Benckiser, have high concentrations of the carcinogen benzene, according to independent U.S. laboratory Valisure.   The lab in New Haven, Connecticut, Valisure said on Wednesday that it...

Microsoft's Specialised 'Copilot' Approach Customises AI For Financial Teams

A preview of an artificial intelligence tool for clients' financial departments was given by Microsoft on Thursday. This is a part of their aim to customise new software for specific professions, sectors, and eventually individuals.   According to the company, their product, Microsoft...

US Logistics Company Airspace Collaborates With Qualcomm And Grows In Asia

On Thursday, Airspace Technologies, a U.S. logistics startup that specialises in expedited freight transportation, announced that it is growing its operations in Asia and collaborating with Qualcomm and other semiconductor companies.   Using a mix of sensors attached to parcels and a...

6,000 US Workers Could File A Class Action Lawsuit Against Tesla Alleging Racial Bias.

About 6,000 Black factory workers in California may file a collective lawsuit against Tesla for allegedly failing to stop widespread racial discrimination and harassment at its Fremont facility, according to a tentative ruling by a state judge.   In a written judgement on Wednesday,...

Complaint Targets Standard Chartered Over Coal Plant Funding

According to reports on Thursday, environmental and human rights organisations have opened a new case against Standard Chartered for its financing of four coal-fired power plants in the Philippines, filing a complaint with a British government mediation organisation.   By funding the...

The Liquidation Petition Of Country Garden Exacerbates China's Property Problems

Chinese property developer Country Garden announced on Wednesday that it has been the target of a liquidation petition for failing to repay a $205 million loan, casting doubt on its chances of a debt restructuring and jeopardising Beijing's attempts to bolster the real estate industry.   The...

Declining Quarterly Sales For Reckitt Following An Examination Of Its Middle East Business

The consumer goods company Reckit had its shares fall 10% on Wednesday after missing fourth-quarter like-for-like net sales projections due to an audit revealing certain workers had underreported liabilities in the Middle East.   Investors slammed Reckitt's "vague" expectations for this...

Its Chinese Clients' New Offshore Channel Investments Are Suspended By StanChart

Due to the weakening of the local market and currency, Standard Chartered has stopped accepting new investments from its clients in China into offshore goods through a quota-based route. The bank announced this move in response to a spike in demand for foreign investments.   The London-based...

Google Steps Up Microsoft Criticism, Warns Of Rival's Monopoly In Cloud

Google Cloud, a division of Alphabet, increased its criticism of Microsoft's cloud computing policies on Monday. According to the company, Microsoft is attempting to create a monopoly that would hinder the advancement of cutting-edge technology like generative artificial intelligence.  ...

Xiaomi Plans To Reach 20 Million Premium Customers By Placing A Large Bet On Its Upcoming Electric Car

In a highly competitive market, Chinese smartphone manufacturer Xiaomi thinks it has found a consumer niche that would pay for its planned electric vehicle. Weibing Lu, the president of Xiaomi Group, stated, "We think it's a good starting point for us in the premium segment because we already...

Lefties: Zara's Covert Tool In The Battle Against Shein For Rapid Fashion

To compete with Chinese-founded rival Shein, Inditex, the owner of Zara and the largest listed fast fashion company in the world based on sales, is growing its budget-friendly Gen Z-focused brand Lefties.   Shein is an online marketplace that does not have any physical storefronts, and its...
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