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Ferrari has rolled out its first fully electric car, the”Luce (Italian for “Light”), marking a high-stakes shift by Italy’s best-known luxury sports car maker even as competitors including Porsche and Lamborghini βscale back βtheir EV ambitions, citing weak demand.
Retail tycoon Chung Yong-jin, chairman of the ShinsegaeΒ Group which owns Starbucks Korea, issued a second apology in two weeks on Tuesday as the public outcry over the coffee chain’s “Tank Day” marketing campaign fails to subside. The group is seeing a drop in sales over the campaign that appeared to reference a deadly crackdown on…
The CEO of Nvidia, Jensen Huang, is among the delegation of CEOs that met with US President Donald Trump and his Chinese counterpart Xi Jinping on Thursday. The maker of AI chips is hoping the meeting between the two world leaders will lead to a lifting of restrictions on sales to China. Also in this…
France’s utility giant EDF is poised to start dismantling the Fessenheim nuclear power plant on the border with Germany, a β¬1.4 billion project slated to take 22 years.Β Built in 1971, the two reactors are the oldest in France and have been permanently shut down since 2020 after 43 years in operation following a string…
Oil futures slid on Monday as traders assessed US President Donald Trump’s announcement over the weekend that a deal with Iran had been “largely negotiated”. The benchmark Brent crude still remains much higher than when the war started on February 28. Also in this edition: some commercial vessels are managing to cross the Strait of…
Owning a home has long been a cornerstone of the American Dream, but is increasingly out of reach for many US workers. A report by the White House in April suggests the United States needs 10 million additional houses to meet demand. Meanwhile, the average price of new home sales has jumped over 30 percent…
Cuba has run out of fuel and diesel, as the US blockade plunges the island deeper into an energy crisis. The government is now considering a renewed offer of aid from the Trump administrationΒ β but that financing would come with conditions. Also in the show: US President Donald Trump announces China will buy 200 aircraft…
Finance ministers and central bankers from the world’s top economies are gathering in Paris as the US war on Iran threatens to undermine the global financial system. Meanwhile, inflation tied to the war sparks a rout on bond markets, and the US’s busiest commuter rail system shuts down over a labour dispute.
Tech giants are increasingly looking beyond Earth to solve one of AI’s biggest growing pains: where to put all the computers.
Tech billionaire Elon Musk has lost his $160 billion dollar lawsuit against OpenAI and its chief Sam Altman in a federal court in California.Β After 11 days of testimonies and arguments, a nine-member jury deliberated for less than two hours to reach a unanimous verdict, saying Musk filed the case too late, beyond the statute of…
