China never uses the World Trade Organization-prohibited subsidies for electric vehicles, according to a spokesman for the country's foreign ministry on Thursday.   Many fear that the surge of low-cost electric cars (EVs) coming from Chinese businesses could hurt large U.S. automakers, some...

At an annual meeting next week, global airline executives will face a number of issues due to geopolitical concerns, aircraft shortages, and aggressive environmental standards. Softening prices further compound the carriers' precarious situation.   The world's biggest international hub,...

Some analysts have raised the yearly worldwide sales projections for the therapies to around $150 billion by the early 2030s due to factors such as likely expanded usage, an expanding number of potential competitors, and the millions of people seeking access to weight-loss medications from Novo...

Industry data revealed that, in the wake of the European Union's anti-subsidy investigation into Chinese electric vehicles, Brazil has surpassed Belgium as the country's top export destination for Chinese new energy vehicles.   According to data from the China Passenger Car Association...

It is unlikely that the Federal Reserve would lower interest rates throughout the summer, therefore investors will probably have to endure a sweaty summer.   A slew of better-than-expected economic statistics and new policymaker rhetoric indicate away from any policy relaxation in the near...

Elon Musk, the CEO of Tesla, stated that he disagrees with President Biden's recent declaration of a tax on electric cars built in China.   During a Q&A session at the VivaTech conference here on Thursday, Musk responded to a question from CNBC's Karen Tso by saying, "Neither Tesla nor I...

The number of new claims for unemployment benefits filed by Americans decreased last week, suggesting that the labour market is still strong and will likely sustain the economy going forward.   The Labour Department's report on claims for the second consecutive week on Thursday undid the...

In an effort to solidify Paris' status as a centre for artificial intelligence, France will welcome tech leaders and political officials this week, including former US Secretary of State John Kerry, EU Industry Chief Thierry Breton, and former Google CEO Eric Schmidt. French inventors will take...

Through presidential decrees issued by Vladimir Putin and court decisions pertaining to litigation over delayed projects or blocked cash during Western sanctions, the Kremlin has begun confiscating assets of certain Western corporations in Russia. The list of businesses impacted thus far is shown...

The European Central Bank stated on Wednesday that although artificial intelligence (AI) in banking is still in its infancy, it has to be watched over and perhaps regulated to protect consumers and guarantee the smooth operation of markets.   The European Central Bank (ECB) observed that...

According to figures released on Friday, China's automobile exports reached a new high in April, while domestic sales fell 5.8% from the previous year due to customers' reluctance to spend much on large-ticket products during the country's precarious economic recovery.   April's car exports...