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PDD Holdings, the Chinese parent company of e-commerce platforms Pinduoduo and Temu, failed to meet third-quarter revenue and profit expectations, as consumer spending in China remains under pressure. Promotional discounts and low-cost offerings, while attracting some attention, fell short of ...
Newsom Prepares to Counter Trump’s EV Tax Credit Cuts with …
1 day ago · California Governor Gavin Newsom announced plans to reinstate a state rebate program for electric vehicle (EV) purchases if the federal government eliminates its $7,500 tax credit for zero-emission vehicles (ZEVs). Newsom's statement, made Monday, reaffirmed the state's leadership in clean transportation and its commitment to making EVs …
Russia and Ukraine Exchange Drone and Missile Strikes as Kyiv …
1 day ago · Russia and Ukraine escalated their conflict over the weekend with a series of drone and missile strikes that left dozens injured and caused significant damage to infrastructure. Ukrainian President Volodymyr Zelenskyy called for "unwavering" support from Western allies, urging stricter sanctions on Moscow and increased arms supplies to Kyiv.
World Leaders Strike Climate Finance Deal at COP29
3 days ago · After weeks of tense negotiations and dramatic walkouts, nearly 200 countries reached a landmark climate finance agreement at COP29 in Baku, Azerbaijan, early Sunday morning. Wealthy nations committed to providing $300 billion annually by 2035 to assist developing countries in addressing the impacts of climate change and transitioning to …
Economy : Business Times
Nov 14, 2024 · "Japan has slipped into a recession, leading to the loss of its position as the world's third-largest economy-a title now held by Germany. This shift comes as Japan's Gross Domestic Product (GDP) shrank at an annualized pace of 0.4% in the final quarter of 2023, as reported by the Cabinet Office.
U.S. Confirms First Ukrainian ATACMS Strike in Russia; West Braces …
Nov 20, 2024 · The United States has confirmed that Ukraine fired U.S.-supplied long-range Army Tactical Missile System (ATACMS) missiles into Russian territory, marking a pivotal moment in the conflict. The unprecedented strike targeted a weapons depot near Karachev in Russia's Bryansk region, approximately 70 miles from the Ukrainian border.
IMF Raises U.S. Growth Forecast Amid Global Concerns, Cuts …
Oct 23, 2024 · The International Monetary Fund (IMF) has raised its 2024 economic growth forecast for the U.S. while trimming expectations for key global players such as China and the eurozone. The updated World Economic Outlook, released on Tuesday, projects U.S. growth at 2.8%, up two-tenths of a percentage point from July's forecast.
GM Reports Strong Q3 Earnings, Raises Profit Forecast for Third …
Oct 23, 2024 · General Motors (GM) delivered stronger-than-expected third-quarter earnings on Tuesday, raising its full-year profit forecast for the third time this year. The automaker's results were buoyed by robust vehicle sales, higher transaction prices, and a renewed focus on cost-cutting initiatives. The company reported a 10% rise in revenue to $48.78 billion, far surpassing analyst estimates of $44. ...
Biden Lifts Restriction on Ukraine Using U.S.-Provided ATACMS …
Nov 18, 2024 · President Joe Biden has approved the lifting of restrictions on Ukraine's use of U.S.-supplied long-range weapons, a decision that will enable Kyiv to strike targets within Russian territory, according to a U.S. official who confirmed the policy change to CBS News on Sunday. This development marks a major shift in U.S. policy during the ongoing conflict between Ukraine and Russia, as Ukraine ...
Boeing Faces $1 Billion Labor Deal as Striking Workers Prepare to …
Oct 22, 2024 · Boeing Co. (BA.N) is on the brink of resolving a labor strike that has crippled its production for more than five weeks. However, the financial and operational costs loom large, with analysts estimating that the proposed new contract could add over $1 billion to the company's wage-related expenses over four years. The contract is set for a critical vote on Wednesday, coinciding with Boeing's ...