According to the New York Times on Saturday, the U.S. Department of Labour has launched investigations into Tyson Foods and Perdue Farms to find out if migrant children were employed to clean slaughterhouses. The investigations were started by the Labour Department after a New York Times Magazine article this week revealed that migrant youngsters were…
As the automaker ramps up its electrification campaign to catch up to rivals like Tesla and BYD, Nikkei has discovered that Toyota Motor expects to treble electric vehicle output in 2025 from its 2024 plan. The manufacturer informed key component vendors of its intentions to increase the output of electric vehicles under the Toyota and…
Rupert Murdoch has resigned from his position as chairman of Fox Corporation and News Corporation, capping a career spanning more than seven decades during which he built a media empire that stretched from Australia to the United States. The firms said on Thursday that Lachlan Murdoch, his son, will continue to serve as chairman and…
As it moves ahead with plans to produce electric vehicles locally, the Indian steel-to-energy business JSW is in preliminary discussions with Korea’s LG Energy Solution (LGES) about jointly manufacturing batteries in India, two people told Reuters. One of the sources with firsthand knowledge of the conversations claimed that JSW met with senior LGES officials in…
Exxon Mobil Corp anticipates its motor fuels and chemicals earnings to reach $16 billion by 2027, up approximately $4 billion from current levels as demand rises, sccording to the company’s officials. The largest American oil business has seen great profits from refining this year, thanks in part to a significant increase in processing capacity and…
In order to revive a two-year-old initiative, Unilever Plc has hired investment banks Morgan Stanley and Evercore Inc to sell a collection of non-core beauty and personal care brands, including Q-Tips and Impulse. Hein Schumacher, who took over as Unilever’s chief executive in July with a focus to streamline the business as it battles inflation,…
According to U.S. Commerce Secretary Gina Raimondo, there is no proof that Chinese company Huawei can mass-produce smartphones with cutting-edge technology. Recently, Huawei began selling the Mate 60 Pro phone, which features a processor said to have been created using a technological advancement by the Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC). “We don’t…
Alphabet’s Google has filed a last-ditch attempt at Europe’s top court to reverse a 2.42 billion euro ($2.6 billion) EU antitrust fine levied for market abuse relating to its shopping business, claiming that authorities had not proven that its actions were anti-competitive. After the General Court dismissed Google’s appeal of the penalty imposed by EU…
According to an internal document seen by Reuters, UBS has noted at least four nations as being “slow” to provide the regulatory permissions required to complete its acquisition of Credit Suisse, including South Korea and India. The previously undisclosed letter, dated Sept. 6 and distributed to UBS personnel worldwide, also notes Ireland and Saudi Arabia…
The Wall Street Journal reported on Monday, citing persons with knowledge of the situation, that Saudi Arabia and American electric car manufacturer Tesla (TSLA.O) are in preliminary discussions about establishing a production facility in the country. According to the nation’s communications directorate, the report comes only hours after Turkish President Tayyip Erdogan requested Tesla CEO…
