Breaking 17:40 France closely watches Pernod Ricard and Brown Forman merger talks 17:30 Spacex files confidential ipo plan targeting record $75 billion raise 17:16 Lufthansa plans to ground 40 aircraft as Iran war doubles jet fuel costs 16:45 Iranian strikes on Gulf aluminium plants push prices to four-year highs 16:20 Russia earns $9 billion a month in oil windfall from the Iran war 16:04 Lilly’s weight-loss pill receives US FDA approval 16:00 Oil falls toward $100 as Trump claims Iran requested a ceasefire 15:40 Intel buys back Apollo's stake in Irish chip plant for $14.2 billion 15:38 Mega IPO wave builds as SpaceX moves closer to public listing 15:26 Switzerland considers cancelling U.S. Patriot missile deal amid uncertainty 14:50 New studies reveal how DNA movement and cell mechanics drive cancer development 14:20 Artemis II crew prepares for liftoff on first crewed lunar flight since Apollo 17 14:05 Canadian manufacturing slows as global tensions weigh on outlook 12:45 NASA set to launch its first crewed lunar mission since 1972 12:00 UAE prepares to join naval coalition to reopen Strait of Hormuz as Dubai launches $270 million aid plan 11:45 UK stocks rise as Trump signals possible end to Iran conflict 10:10 Hegseth says US is directly confronting Russia and China over support for Iran 09:45 Iran war wipes $255 billion from world's top billionaires in 2026 08:50 Google warns quantum computers could crack Bitcoin encryption within minutes 08:20 Microsoft closes its worst quarter since 2008 amid AI spending fears 07:50 NASA's Perseverance rover finds nickel and gemstone crystals hinting at ancient Mars life


Hyundai issues stop sale for some 2026 Palisade SUVs after safety incident

Automaker Hyundai Motor Company has temporarily halted sales of certain 2026 models of the Hyundai Palisade in United States and Canada following a safety concern involving the vehicle’s power seat system. The company announced that a stop-sale measure has been introduced for specific Palisade......

Audi reshuffles global leadership as part of strategic reorganization

Audi has announced a broad executive reshuffle across its key markets in North America, China, Canada, and South Korea, effective April 1, as part of efforts to strengthen its global operations and boost sales in underperforming regions. The German automaker described the move as part of its most extensive......

Musk says Tesla will lead global autonomous vehicle market

Tesla chief executive Elon Musk said Sunday that he expects the company to command the largest fleet of autonomous vehicles “as far as I can imagine into the future,” as the electric carmaker expands its early stage robotaxi service across the United States. Musk made the remarks on X, the......

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......

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