Business - Page 24

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

HSBC Reports 3% Workforce Reduction and Stable Bonus Pool

by Jamie Spencer

HSBC’s headcount fell by 3% in 2024 while its staff bonus pool remained largely unchanged, according to the bank’s financial report issued on Wednesday. The Asia-focused lender continues to focus on cost-cutting

February 19, 2025

JetBlue Seeks New Airline Partnership After DOJ Block

by Jamie Spencer

JetBlue Airways announced on Wednesday that it is in discussions with multiple airlines to establish a new partnership and is prepared to allocate additional funds to secure a deal. Exploring New Partnerships

February 19, 2025

Southwest Airlines Announces First-Ever Mass Layoffs

by Jamie Spencer

Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — marking the first mass layoffs in the company’s history. Details of the Workforce Reduction The layoffs,

February 18, 2025

Coca-Cola Enters the Prebiotic Soda Market with Simply Pop

by Jamie Spencer

Prebiotic sodas are trending, and Coca-Cola is joining the craze with its latest launch: Simply Pop. The new beverage line, under the Simply Beverages brand, offers Coca-Cola’s first-ever prebiotic soda, promising “real

February 18, 2025

Blue Origin’s New Glenn Completes First Test Flight

by Jamie Spencer

The 320-foot-tall (98-meter-tall) New Glenn rocket successfully lifted off for the first time on January 16 from Florida’s Space Coast. The test flight achieved its primary objective, delivering a test version of

February 14, 2025

JP Morgan Struggles With Office Space as It Ends Remote Work

by Jamie Spencer

JP Morgan Faces Space Crunch in London HQ JP Morgan is facing a shortage of desk space at its Canary Wharf headquarters as it pushes its 22,000 UK employees to return to

February 13, 2025

GM Plans to Offset Up to 50% of Trump’s Auto Tariffs

by Jamie Spencer

General Motors (GM) CEO Mary Barra said Tuesday that the company has contingency plans in place to mitigate between 30% and 50% of the potential tariffs President Donald Trump is threatening to

February 11, 2025

Nokia Appoints Justin Hotard as New CEO Amid AI Shift

by Jamie Spencer

Nokia (NOKIA.HE) announced on Monday that Pekka Lundmark will step down as CEO, with Justin Hotard set to take over the role on April 1. Hotard, an executive at Intel (INTC.O), brings

February 10, 2025

Meta Lays Off 4,000 Workers in Latest Cost-Cutting Move

by Jamie Spencer

Meta is laying off thousands of employees as part of its latest push for higher productivity, according to a Business Insider report. The cuts, affecting about 5% of the company’s workforce, will

February 10, 2025

UK Retailers Urge Government to Close Tax Loophole

by Jamie Spencer

Retailers and tax campaigners are calling on the UK government to close a loophole that allows companies like Shein and Temu to flood the market with cheap imports, avoiding taxes and undercutting

February 7, 2025

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