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Additional expenses stemming from President Donald Trump’s US port fees signal further challenges for Chinese container shipping companies, which are already grappling with an intensifying trade war and declining freight rates. Cosco Shipping Holdings Co. and Orient Overseas International Ltd
Warner Bros. Discovery Inc. reportedly rejected the initial purchase bid that was presented by Paramount Skydance Corporation since it was judged to be inadequate. This information was obtained from the sources. The bid that Paramount made, which was approximately $20
The “SoundTouch” range of audio speakers from Bose Corp. will no longer be able to stream music directly from services like Spotify, Pandora, Amazon Music, and others starting in February, the company stated this week. Customers who continue to own
At one of Italy’s largest Ferrari dealers, Edoardo Schön raises the hood of a 1951 340 America that once competed at Le Mans, revealing the immaculate V-12 beneath. The blue-and-white grand tourer holds a prominent position in the Milan showroom,
On Wednesday, SoftBank Group revealed its plans to acquire ABB’s robotics division, a Swiss company, for approximately $5.4 billion, as per reports. This development signifies a significant advancement in founder Masayoshi Son’s initiative towards artificial intelligence and automation. The acquisition
Billionaire Elon Musk’s electric vehicle company, Tesla, is set to reveal a more affordable version of its Model Y on Tuesday. The decision comes in response to the company’s initiative to launch a more budget-friendly variant, aimed at mitigating the
Apple and Google have halted downloads of mobile applications that report sightings of US immigration agents, mere hours after the Trump administration requested the removal of one notably popular iPhone app. US Attorney General Pam Bondi stated that such tracking
In the current ongoing federal dispute between Elon Musk’s artificial intelligence startup xAI and OpenAI, OpenAI has characterized the lawsuit as Musk’s attempt to divert attention from the deficiencies of his own generative AI company and to frighten former employees
Due to a surge in the value of his other businesses and a recovery in the EV manufacturer’s stock, billionaire and Tesla CEO Elon Musk became the first individual to reach a net worth of $500 billion on Wednesday. As
When compared to the same period in the previous year, it is anticipated that automobile sales in the United States will increase by approximately six percent during the third quarter. This is due to the fact that consumers appear to