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Ford could lose up to $1 billion in profits due to aluminum plant fire 10/09/2025

Trump Tightens the Noose: New U.S. Tariffs Escalate Trade War with China 10/11/2025

UK’s Largest Investment Platform Says Bitcoin Lacks Intrinsic Value and Income Potential, Rejects It as an Asset Class 10/11/2025

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Abbott resumes work at Michigan baby formula plant

Abbott Nutrition, the nation's largest maker of infant formula, resumed production on June 4 at its Michigan, facility. This should help to alleviate the country's baby food shortfall, which began with the closure of this business. EleCare nutrition for children with digestive difficulties, as well...

Equinor relaunches Hammerfest LNG terminal

Equinor, a Norwegian oil and gas firm, announced opening of its Hammerfest LNG liquefaction plant. On September 28, 2020, a fire broke out at Hammerfest LNG on the Norwegian island of Melkoya. A fire broke out in a turbine. The company estimated that repairs would take a year and that the plant...

Meta completes rebranding by changing FB ticker to META

Meta Platforms has announced that the company's shares will start trading on Nasdaq under the ticker of the same name instead of FB as of 9 June. The company has been using the FB ticker since Facebook's IPO in 2012. Meta Platforms announced on Tuesday, 31 May that its shares will trade on Nasdaq...

G7 to end support for energy projects without measures to reduce emissions

Mineral-fuel-based projects that do not contain measures to reduce atmospheric emissions will not be supported by the G7 countries. The G7's stricter energy strategy will be implemented as part of a larger plan to phase out polluting energy technology. "We are committed to phase out domestic...

UK watchdog suspects Google of unfair competition

Google is being investigated by the UK Competition and Markets Authority. The firm is suspected of engaging in unethical actions in the marketing technology stack area, according to the agency. "The advertising technology stack is a set of services that makes it easier for sellers (content...

Global Auto Giants Are In For A Shock In EV Sector In China

Global automakers may be in for a rude awakening if they believe they can extend their supremacy in China into the electric future. General Motors and Volkswagen, the titans of the combustion engine age, are falling behind local players in China's expanding electric vehicle (EV) market, a...

Schedule Of iPhone Development Of Apple Upended By Lockdowns In China

According to Nikkei Asia, development of at least one of Apple's new flagship iPhones for this year has slipped behind schedule due to disruptions caused by China's month-long COVID lockdowns. According to many individuals with firsthand knowledge of the situation, Apple has urged...

U.S. watchdogs to penalize companies for mimicking ESG agenda

The Securities and Exchange Commission (SEC), according to the Financial Times, is creating rules under which corporations can be penalized for making "excessive or misleading" ESG promises when selling linked investment products on the market (bonds, receipts, etc.). According to reports,...

Apple to reduce dependence on manufacturing in China

Apple told several of its gadget manufacturing partners that it would like to increase production of its goods outside China. Now it accounts for 90% of the company's devices. Apple wants to reduce its dependence on manufacturing in China and has told its partners that it wants to increase...

ASML, Computer Chip Manufacturer, Is Betting Big On A Tiny Future

ASML, a powerhouse in the semiconductor sector and on the stock market, needs to think smaller. Or even bigger. In its effort to construct minuscule circuits on computer chips used in everything from phones and laptops to cars and artificial intelligence, it is building machines the size...