Hong Kong Court Orders Liquidation of China Evergrande, Sending Shockwaves Through Fragile Markets On Monday, a Hong Kong court issued a verdict to liquidate the prominent China Evergrande Group (HK:3333), marking a significant development with potential repercussions...
Archer-Daniels-Midland Co has announced a postponement in the payment of performance bonuses to select executives until the completion and audit of its financial statements, as revealed in a memo received by Reuters. This decision follows the recent sidelining of...
FTC Demands Tech Titans’ Details on Generative AI Deals Amid Antitrust Concerns On Thursday, the U.S. Federal Trade Commission (FTC) announced that it had issued orders to OpenAI, Microsoft, Alphabet, Amazon, and Anthropic, requesting information on recent...
Elon Musk Warns of Growing Chinese EV Dominance as BYD Overtakes Tesla in Sales Elon Musk, CEO of Tesla (NASDAQ:TSLA), emphasized on Wednesday that Chinese automakers, particularly companies like BYD (SZ:002594), pose a significant threat to global rivals and could...
Autonomous vehicle technology firm Aurora Innovation announced on Wednesday that it has implemented a 3% workforce reduction as part of a reorganization effort. As of the end of 2022, Aurora had 1,700 employees, according to the company’s securities filings. The...
