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U.S. Autonomous Delivery Vehicle Startup Nuro Cuts Staff By 20%
Autonomous delivery vehicle maker Nuro is laying off about 20% of its workforce after admitting that rapid hiring in the past year was a mistake.
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Philippines To Cut Tariffs On Electric Vehicles, Parts
President Ferdinand Marcos Jr approved removing tariffs on electric vehicles (EVs) to spur demand amid high fuel costs.
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China's BYD To Sell EVs In Mexico In 2023, Aims For Up To 30,000 Sales In 2024
BYD will launch its cars in Mexico next year, with a sales target of up to 30,000 vehicles in 2024.
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BYD Set To Be China's Top-Selling Car Brand For November - Report
BYD was the top-selling car brand in China in the first four weeks of November, outperforming Volkswagen.
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Hyundai Motor, SK On Sign EV Battery Supply Pact For N. America
SK Innovation Ltd's battery unit SK On said that under the terms of the memorandum of understanding (MOU), it will provide its batteries to the auto group's plants in the United States after 2025 for electric vehicle production.
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Factbox-Twitter 2.0: What Has Changed Since Musk Took Over?
Twitter has cut half of its workforce and will begin charging $8 for the sought-after blue verification tick, as Elon Musk puts his stamp on the social media platform he bought for $44 billion.
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Advertisers Begin To Grill Elon Musk Over Twitter 'Free-For-All'
A media buyer at one major ad agency, who declined to be named for fear of reprisal, said the agency would meet with Musk this week to ask how the Tesla chief executive plans to clamp down on misinformation on the social media platform.
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Pollution Curbs Lifted In Indian Capital Although Air Quality 'Very Poor'
A thick layer of smog envelops the city in winter as cold, heavy air traps construction dust, vehicle emissions and smoke
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Ukraine Trusts Musk's Starlink But Looking For Other Providers Too
Mykhailo Fedorov, in Portugal for Europe's largest tech conference, the Lisbon Web Summit, said Ukraine had discussed Starlink directly with Musk and was confident the Tesla and Twitter boss would not shut the service down in Ukraine.
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Musk Says Twitter Saw Revenue Slump As Activist Groups Pressured Advertisers
The world's richest person, who took control of the social media company last week, said the decline came "even though nothing has changed with content moderation and we did everything we could to appease the activists."
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Oil Falls In Choppy Trade On Mixed China COVID Signals
China's imports and exports contracted unexpectedly in October, but its crude oil imports rebounded to the highest level since May.
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Mexico To Raise Climate Emissions Target For First Time Since 2016
Last year, Mexico pledged to expand its climate goals after research coalition Climate Action Tracker warned that emissions could actually rise under targets unchanged since 2016.
Read More →Twitter Lays Off Staff As Musk Blames Activists For 'Massive' Ad Revenue Drop
Tweets by staff of the social media company said teams responsible for communications, content curation, human rights and machine learning ethics were among those gutted, as were some product and engineering teams.
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Panasonic To Start Building Kansas Battery Plant Next Month
The conglomerate's energy unit said in July it had picked Kansas as the site for a new plant to supply batteries primarily to Tesla Inc, joining other battery producers planning massive U.S. investments to qualify for new EV tax credit rules and to tap that market's potentially massive demand.
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Oil Prices Slide $2 On China Demand Worries, U.S. Midterm Elections
U.S. inventories of distillate fuels finished October at their lowest levels for any October since 1951, according to the U.S. Energy Information Administration.
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Ford's Shuttered Unit Argo Lays Off 78 Employees In Austin -Govt Notice
The Pittsburg-based Argo AI earlier this year commenced driverless operations in Austin and Miami.
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Indian Petrochemical Demand Could Rise Threefold By 2040- IOC Exec
India, Asia's third-largest economy, annually consumes 25 million to 30 million tonnes of petrochemicals. Its per capita consumption is about a third of global average.
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Oil Sinks About 4% After Weak Factory Data Sparks Demand Concerns
Oil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.
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Russian Crude Prices Recover On Strong India, China Demand
Spot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said.
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Big Oil Offers Big Returns But Keeps Spending Tight
The West's energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.
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