Business - Page 10

The latest updates and key developments from the business world.

January 9, 2026

GM to book $7.1bn EV and China restructuring charges

Fourth-quarter writedowns tied to EV strategy reset General Motors said Thursday it will record $7.1 billion in special charges for the fourth quarter of last year, reflecting a pullback in its electric

January 6, 2026

Ford boosts U.S. sales on hybrids and affordable models

Annual growth offsets slowdown in electric vehicles Ford reported higher vehicle sales in the United States in 2025, supported by strong consumer demand for its hybrid lineup and more affordable pickup trucks.

January 5, 2026

Toyota US sales rise 8% in 2025 on electrified demand

Strong full-year performance across Toyota and Lexus Toyota Motor North America reported US vehicle sales of 2,518,071 units in 2025, an increase of 8.0% compared with 2024. On a daily selling rate

Air India Cuts 15% of International Flights

by Jamie Spencer

Service reduced amid crash aftermath and Middle East tensions Air India announced on Wednesday it will cut 15% of its international widebody flights starting June 20, citing operational challenges following a fatal

June 19, 2025

Amazon to Shrink Corporate Staff as AI Use Grows

by Jamie Spencer

CEO Jassy says efficiency gains from AI will reshape workforce Amazon CEO Andy Jassy expects generative artificial intelligence to gradually reduce the company’s corporate workforce in the coming years, as the e-commerce

June 18, 2025

Rolls-Royce Eyes Return to Narrow-Body Jet Market

by Jamie Spencer

CEO Confirms Renewed Focus on Single-Aisle Segment Rolls-Royce is actively pursuing a re-entry into the narrow-body jet engine market, according to CEO Tufan Erginbilgic. Speaking at the Paris Airshow, Erginbilgic reiterated that

June 17, 2025

Amazon Pledges $20B for AI Data Centers in Australia

by Jamie Spencer

Amazon has announced a major expansion of its data center infrastructure in Australia, committing A$20 billion ($12.97 billion) from 2025 to 2029. The investment marks Amazon’s largest global technology initiative in Australia,

June 16, 2025

Tesla Faces Declining Sales and Rising Competition

by Jamie Spencer

New data reveals that Tesla’s sales troubles are no longer confined to overseas markets but have now spread to the US. Tesla’s EV registrations fell sharply in April, while competitors like General

June 13, 2025

JetZero Picks North Carolina for Z4 Jet Factory

by Jamie Spencer

JetZero Inc. announced plans to build its first manufacturing facility for the next-generation Z4 passenger jet in Greensboro, North Carolina. This ambitious project, estimated at $4.7 billion, aims to create more than

June 13, 2025

Adobe Faces Investor Doubts Over AI Monetization

by Jamie Spencer

Adobe’s stock fell 7% in early trading on Friday as investor concerns grew over the pace at which its AI initiatives will generate returns. Despite raising its full-year revenue forecast, skepticism about

June 13, 2025

AMD Unveils Next-Gen MI400 AI Chips, Competing with Nvidia

by Jamie Spencer

AMD’s New Chips and AI Strategy Advanced Micro Devices (AMD) announced details of its next-generation AI chips, the Instinct MI400 series, which will be available in 2025. These chips will be assembled

June 12, 2025

Marelli Files for Chapter 11 Bankruptcy Protection

by Jamie Spencer

Marelli Seeks Restructuring with $1.1 Billion Financing Marelli Corp, a major supplier to Nissan, filed for Chapter 11 bankruptcy protection in the United States on Wednesday. The move follows months of uncertainty

June 11, 2025

Starbucks to Speed Up Rollout of New Staffing Model

by Jamie Spencer

Starbucks CEO Accelerates Green Apron Model Rollout Starbucks CEO Brian Niccol announced plans to accelerate the rollout of the company’s new staffing and service model, the Green Apron, aiming to implement it

June 11, 2025

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