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Volkswagen executives said the company’s software partnership with Rivian is advancing on schedule, marking a major step in the German automaker’s effort to modernize its electric vehicle technology and streamline future vehicle platforms. Thomas Schäfer, chief executive of the Volkswagen brand, said the $5.8 billion joint......
European Central Bank policymaker Olli Rehn has warned that recent economic data point to early signs of stagflation in the eurozone, linking weak growth and rising inflation to energy shocks driven by geopolitical tensions. Speaking in Helsinki, Rehn said the latest indicators suggest the eurozone economy is slowing sharply while price pressures......
Mazda has postponed the launch of its first dedicated battery electric vehicle to 2029 at the earliest and sharply reduced its electrification spending, signaling a strategic shift toward hybrid models as near-term demand for full electric vehicles weakens in several markets. The Japanese automaker confirmed the decision alongside its latest......
A British robotics startup has secured a large industrial agreement with German manufacturer Schaeffler to deploy up to 2,000 wheeled humanoid robots across global production sites by 2032. The deal marks one of the most extensive planned industrial deployments of humanoid robots to date and reflects accelerating investment in automation across......
Donald Trump arrived in Beijing on Wednesday for a state visit centered on tense economic and geopolitical negotiations with Chinese leader Xi Jinping. The visit brings together senior US officials and a large delegation of corporate leaders, with Washington seeking expanded access for American firms in the Chinese market and Beijing pressing......
The U.S. dollar surged against the Japanese yen on Tuesday, with the USD/JPY pair rising to 157.60 after stronger than expected U.S. inflation data reinforced expectations that the Federal Reserve could keep interest rates higher for longer. The move accelerated as geopolitical tensions linked to the fragile ceasefire discussions between Washington......
SpaceX is aiming for 19 May to conduct the first flight of Starship Version 3 from its Starbase facility in Texas. The mission, identified as Flight 12, will mark the debut of the upgraded launch system and the first use of the newly constructed Launch Pad 2, representing a major milestone in the company’s next-generation heavy launch......
The United States and China have reached a rare point of diplomatic alignment by opposing Iran’s proposed transit charges for ships crossing the Strait of Hormuz. The position was confirmed by the US State Department ahead of a summit between President Donald Trump and Chinese President Xi Jinping, signaling limited but notable cooperation......
Volvo Cars has said it is open to forming new partnerships in the United States as part of its strategy to strengthen production and make better use of its manufacturing capacity in the country. The Swedish automaker is seeking to expand cooperation with other industry players, particularly in assembly, sourcing, and supply chain operations,......
Poland is facing renewed pressure from human rights organizations over its alleged role in facilitating the transit of deportation flights carrying Ukrainian nationals from the United States to Ukraine. International rights groups, including Amnesty International and Human Rights First, have urged Warsaw to halt any cooperation related to......
Alibaba reported fourth-quarter revenue of 243.38 billion yuan for fiscal year 2026, marking a 3 percent year-on-year increase but falling short of market expectations of around 246.5 billion yuan. The result highlights continued pressure from heavy investment in artificial intelligence infrastructure and rapid commerce expansion, which is......
China has officially welcomed the upcoming state visit of former U.S. President Donald Trump to Beijing, signaling a willingness to strengthen diplomatic and economic cooperation between the two global powers. Chinese officials stated that the visit is seen as an opportunity to improve bilateral relations and promote greater stability in......
U.S. Securities and Exchange Commission and billionaire Elon Musk are set to appear before a federal judge in Washington, D.C., to seek approval of a settlement linked to Musk’s delayed disclosure of his investment in Twitter. The agreement concerns allegations that Musk waited too long in 2022 to reveal that he had acquired a significant......
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GITEX Africa: The New Frontiers Of African Innovation
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