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World

Web Desk
Mar 12, 2025

Boycotts and cars: Trump supports Musk as Tesla struggles

United States president Donald Trump took to social media on Tuesday to defend Elon Musk and his electric car company Tesla, in the face of boycotts and protest against the manufacturer erupting throughout the world.

World

Reuters
Mar 12, 2025

US Education Department to cut half its staff as Trump eyes its elimination

The terminations are part of the department’s “final mission,” it said in a press release, alluding to Trump’s vow to eliminate the department, which oversees $1.6 trillion in college loans, enforces civil rights laws in schools and provides federal funding for needy districts.

Business

Reuters
Mar 07, 2025

Toyota launches its cheapest smart EV in China, aims to up market share

Toyota has had limited success so far with its previous electric vehicle (EV) models in a hugely competitive market dominated by local players such as Chinese EV giant BYD (002594.SZ).

Latest

Reuters
Mar 06, 2025

Anti-Trump activists target Elon Musk’s Tesla brand to protest DOGE cuts

Target of their so-called “Tesla Takedown” protests is the brand at the heart of the business empire controlled by Musk

Business

Reuters
Feb 19, 2025

Ford slashes manager stock bonuses to cut costs, boost performance

Out of a global population of 3,300, roughly 1,650 will not receive their usual stock awards, typically paid in March. Senior management will decide which half of their middle management staff will receive the bonuses.

Technology

AFP
Feb 16, 2025

Elon Musk says xAI’s Grok 3 chatbot to be unveiled on Monday

Grok 3 was trained on synthetic data and is capable of reflecting on errors it makes by going over data in order to reach logical consistency.

Business

AFP
Feb 15, 2025

OpenAI board rejects Elon Musk-led buyout offer

“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” chairman of the board Bret Taylor said in a statement posted by the company on Musk-owned X, formerly Twitter.

Business

Web Desk Karachi
Feb 12, 2025

Chinese EV promotions intensify competition, posing threats to European market

With consumer spending on large purchases declining in China, there are growing concerns about the ability of local car firms to sell their inventory.

World

AFP
Feb 12, 2025

Musk, with Trump at White House, says US will go ‘bankrupt’ without cuts

Musk pointed to the country’s budget deficit, which topped $1.8 trillion in the last fiscal year, and took aim at high interest payments on the public debt.

Latest

Reuters
Jan 30, 2025

S&P 500 flat as declines in Microsoft, Nvidia offset other tech gains

Microsoft MSFT.O dropped 6.2% after forecasting disappointing growth in its cloud computing business, while Meta Platforms META.O added 1.8% after beating fourth-quarter revenue estimates.