In an effort to revive a famous and high-margin sports utility vehicle, Toyota presented the first hybrid Land Cruiser on Wednesday. The car will be sold in North America and other important regions.   The 1951-founded brand's new model as well as a smaller, recently announced counterpart...

The German BayLDA (Bavarian Data Protection Supervisory Authority) is looking into the Worldcoin cryptocurrency initiative, which was launched last week. The news is reported by Reuters referring to Michael Will, President of BayLDA. The investigation waws started due to the regulator's worries...

BP reported a $2.6 billion quarterly underlying replacement cost profit, which is a metric similar to net income. In comparison to the second quarter of 2022, this is about 70% worse. A considerable drop in oil prices compared to last year, when they increased in the wake of the Ukraine conflict,...

Investors are being reminded by Microsoft that graphics processing units are a crucial component of its rapidly expanding cloud business. The software developer included language regarding GPUs to a risk factor for disruptions that can occur if it couldn't get the infrastructure it requires in its...

The acquisition will cost €1.7 billion in total. The French conglomerate Kering plans to buy a 30% share in the Italian fashion label Valentino from the Qatari investment vehicle Mayhoola for €1.7 billion. "Kering and Mayhoola have reached a legally binding deal under which Kering will pay €1.7...

Following new issues with some of RTX's Pratt & Whitney engines, airline executives are furious about the possibility of grounding aircraft and reducing flight capacity during a busy summer travel season.   At least 1,200 of Pratt & Whitney's Geared Turbofan (GTF) engines, which...

According to Bloomberg, Tesla sold almost 890,000 electric vehicles on the world market in 2023, compared to about 590,000 sold by Volkswagen, BMW, and Mercedes-Benz combined. Tesla, a US company, sold more electric vehicles in the first half of 2023 than Volkswagen, BMW, and Mercedes-Benz, the top...

One of the biggest providers of commodities in the world, Glencore, has released its half-year results. By the end of 2023, the company anticipates more trading division profits than what its long-term projections indicated. As a result, the company now projects $3.5–4 billion in pre-tax profit, up...

According to U.S. Treasury Secretary Janet Yellen, the country is collaborating with India to create an investment platform that will cut the cost of financing, boost private investment, and hasten India's energy transition.   Following a bilateral discussion with India's finance minister...