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Business

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As prices of EVs fall, manufacturer Rivian to reduce workforce by 6%

IRVINE, California: In an effort to cut costs in preparation for an industry-wide price war, electric vehicle manufacturer Rivian Automotive, ...

Seeking to stem losses, Intel to cut executive salaries

SANTA CLARA, California: One week after Intel forecasted lower-than-expected sales caused by a loss of market share to rivals and ...

Biden plan seeks to cut credit card fees, charges for apps

WASHINGTON D.C.: As part of a wider policy drive to increase competition in consumer markets, President Joe Biden has announced ...

As stocks and bonds suffer, Norway wealth fund sees record losses

OSLO, Norway: Ending a three-year run of profits as stock and bond prices were hit by rising inflation and Russia's ...

Historic unemployment low fails to deter profit-takers, Nasdaq sheds 194 points

NEW YORK, New York - Strong economic data failed to stem profit-taking on the major U.S. bourses on Friday, while ...

US concerned over rights at Mexico auto factory, seeks corrections

WASHINGTON D.C.: The US has again asked Mexico to investigate claims that workers at an auto parts facility of American ...

International

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Courts declare New Jersey anti-gun law cannot be enforced

TRENTON, New Jersey: A federal judge has blocked a New Jersey law allowing the state's attorney-general to sue gun manufacturers ...

US ending Covid emergency programs on May 11

WASHINGTON D.C.: The Biden administration said this week that it will end US COVID-19 emergency declarations on 11th May, nearly ...

After 11,000 US flights disrupted, FAA updates its computers

WASHINGTON D.C.: In a letter to lawmakers last week, the US Federal Aviation Administration (FAA) said it had put in ...

Washington ends export licenses for supplying China's Huawei

WASHINGTON D.C.: The Biden administration has stopped issuing export licenses to US companies seeking to ship most items to China's ...

U.S. warned NATO expansionism would cross Russian tripwires

Nearly a year in, the war in Ukraine has cost tens of thousands of lives and brought the world to ...

After Biden tapped US oil reserves, House passes bill to end such uses

WASHINGTON D.C.: The US House of Representatives has passed a bill that limits the ability of US Energy Secretary Jennifer ...