Breaking 17:00 Amazon reduces workforce in artificial general intelligence division amid ongoing restructuring 15:30 Trump escalates warning to Iran with threat to strike infrastructure over Hormuz attacks 12:15 Jazz saxophonist Plas Johnson, iconic voice behind The Pink Panther Theme, dies at 94 11:30 United States prepares broader tariff strategy as new trade measures take effect 11:15 Ryan Reynolds confirms a new Deadpool movie is in development 11:00 Pentagon estimates Iran conflict has cost the United States $37.5 billion 09:48 Former Venezuelan leader Nicolas Maduro to appear before New York court in drug trafficking case 09:20 Kalshi launches election forecasting hub ahead of US midterm elections 09:16 US launches $5 billion AI initiative to advance health and construction research 08:00 Bloomsbury to receive compensation under landmark $1.5 billion Anthropic copyright settlement 19:45 JPMorgan CEO warns investors may be underestimating growing risks in global markets 19:30 US condemns Ortega’s authoritarian stance after Nicaragua rejects elections 19:16 Amgen agrees to $74 million settlement in shareholder lawsuit over tax disclosure claims 19:15 Anthropic reaches $1.5 billion copyright settlement with authors over AI training data 18:52 Washington signals possible new tariff measures against dozens of countries 18:45 Canada and US agree to intensify trade talks after Trump tariff warning 18:30 US administration pauses over $1 billion in Medicaid payments to California and Minnesota 18:15 Elon Musk’s fortune falls below $800 billion after Starship launch setback

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Nissan forecasts $4.2 billion annual loss amid restructuring

Nissan said it expects a net loss of 650 billion yen, or about $4.2 billion, for the fiscal year ending in March as the Japanese automaker grapples with US tariffs and an extensive global restructuring program. The company also reported a 44 percent drop in third quarter operating profit to 17.5 billion......

Volvo CEO predicts EVs cheaper than gas cars by 2030

Volvo CEO Håkan Samuelsson forecasts that electric vehicles will "very likely" cost less than gasoline-powered cars within five years. Speaking at a press event in Gothenburg, Sweden, this week, he highlighted his company's already profitable EV lineup and upcoming manufacturing advances......

Automobile: the EU steps back from a full electric ban by 2035

The European Union has decided to soften its plan to impose a full transition to electric vehicles by 2035, amid growing difficulties faced by the automotive industry across Europe. The decision, announced on Tuesday, reflects a more flexible and pragmatic approach rather than a complete reversal of......

Morocco accelerates EV production to lead regional electric vehicle market

Morocco is set to experience substantial growth in its electric vehicle (EV) sector, driven by local production expansion and government incentives. Analysts from BMI, a FitchSolutions company, predict a sharp rise in EV adoption, supported by new models, competitive imports, and increasing investments......

Tesla recalls over 63,000 Cybertrucks to fix lighting defect

Tesla has issued a recall for 63,619 Cybertrucks in the United States due to an issue with overly bright front parking lights, which could pose a safety risk to oncoming drivers. The vehicles, produced between November 13, 2023, and October 11, 2025, will receive a free over-the-air (OTA) software update......

Tesla’s electric vehicle sales halved in Europe

Tesla's electric vehicle sales in the European Union dropped by half in April, while Chinese manufacturers gained ground during the same period, according to data released on May 27 by industry sources. The sharp decline is attributed to the controversial stance of Tesla’s CEO, Elon Musk, particularly......

Ford Raises Prices on Mexico-Made Models amid US Tariff Impact

Detroit, May 7— Ford Motor Company has announced a price increase for three of its vehicle models manufactured in Mexico, effective from May 2. This move makes Ford one of the first major automakers to raise prices in response to new tariffs imposed by U.S. President Donald Trump. According to......

Stellantis Halts 2025 Outlook amid Tariff Uncertainty

Stellantis, the multinational company behind brands such as Jeep, Ram, Opel, and Dodge, has suspended its 2025 financial forecast due to rising concerns over shifting tariff regulations. Despite reporting a 14% year-on-year decline in revenue for the first quarter falling to €35.8 billion ($40.7......

The Rush to Buy Cars in Detroit Amid Tariff Concerns

The looming auto tariffs imposed by U.S. President Donald Trump are driving a surge in car sales in Detroit, as consumers rush to buy vehicles before potential price hikes. Jerry Chen, who recently purchased a Toyota Highlander with his family, is among those who decided to buy sooner than planned, fearing......

Trump’s tariffs on Chinese parts halt Tesla’s Cybercab and Semi plans

Tesla’s plans to import components from China for its new Cybercab and Semi electric truck models have been put on hold due to rising tariffs imposed by former President Donald Trump, according to a source familiar with the matter. These tariffs, introduced as part of an ongoing trade war with......

Nissan to cut production of top-selling U.S. model amid tariff impact

Nissan is set to reduce production of its top-selling U.S. model, the Rogue SUV, at its Kyushu plant in Japan between May and July, according to an informed source. This move comes as the company adjusts to the impact of new U.S. import tariffs, following President Donald Trump’s decision to impose......

BYD surpasses Tesla in electric vehicle sales through innovation and competitive pricing

In a significant milestone for the electric vehicle (EV) industry, Chinese automaker BYD has overtaken its American rival Tesla in revenue for the year 2024. Reporting an impressive revenue of $107.2 billion, BYD has outpaced Tesla, which announced earnings of $97.7 billion. This pivotal moment marks......

Tesla Faces Decline in European Sales Amid Growing Backlash Against Elon Musk

Tesla’s sales in Europe experienced a significant drop of 49 percent in the first two months of 2025 compared to the same period in 2024, according to the ACEA manufacturers’ association. This decline can be attributed to several factors, including the aging of Tesla’s vehicle models.......

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