The global automotive industry is being significantly impacted by a little electric vehicle. The price of the EV and its potential to upend local auto sectors across the globe are what are creating waves, not the vehicle itself. The little, all-electric Seagull hatchback, which retails for less than $10,000 (69,800 yuan), is said to turn…
Apple is the target of a historic lawsuit brought by the US, which claims the tech giant is monopolising the smartphone market and stifling competition. The Justice Department claims in the lawsuit that the business exploited its dominance over the iPhone app store to “lock in” developers and users. It charges the company with using…
Looks like Donald Trump is struggling to come up with the $464 million fraud fine. Could he be saved by the stock market? After a majority of Digital World Acquisition Corp. shareholders decided on Friday to acquire the company, Trump Media—which operates the social media platform Truth Social—is about to go public. At the current…
The first human to receive a replacement kidney from a genetically modified pig is a 62-year-old man with end-stage renal illness, according to recent announcements from specialists at Massachusetts General Hospital in Boston. According to a statement from the hospital, the four-hour procedure on March 16 “marks a major milestone in the quest to provide…
A combination between Digital World Acquisition Corporation and Donald Trump’s social media business was approved by shareholders on Friday. The acquisition may eventually bring in $3 billion or more for the former president. About 2.5 years have passed since the so-called special purpose acquisition business declared its intention to merge with Trump Media & Technology…
A U.S. labour agency recently accused Elon Musk’s SpaceX of forcing laid-off or dismissed workers to sign illegal contracts that prevent them from criticising the business and participating in class-action lawsuits against it. A regional representative of the National Labour Relations Board (NLRB) in Seattle submitted the complaint late on Wednesday. SpaceX has already been…
The week leading up to March 20 saw significant inflows into global equities funds, propelled by positive expectations on potential rate cuts by the US Federal Reserve later in the year as well as positive industrial and retail statistics from China. LSEG data shows that following around $21.95 billion in net accumulation the week before,…
According to local media, Tim Cook, the CEO of Apple, praised China’s role in the company’s supply chain when visiting suppliers on Wednesday, including BYD Electronics. The visit coincided with a decline in Apple’s sales in China. Cook shared a post on his Weibo social media account, stating that he had eaten a local breakfast…
Gwynne Shotwell, the president of SpaceX, announced during a press conference on Tuesday that the company has begun selling satellite lasers—which are utilised for quick in-orbit communications—to other satellite companies. With fewer ground stations, SpaceX’s network can provide more global internet coverage thanks to its hundreds of Starlink satellites in low-Earth orbit, which communicate with…
China has increased the capital threshold for non-bank financial organisations that offer modest personal loans, further tightening regulations on consumer finance companies. The National Financial Regulatory Administration’s Tuesday announcement of the measures will take effect on April 18. It occurs at a moment when Beijing’s hold over the financial industry is getting stronger. According to…
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