Honda Motor outlined an ambitious plan to launch six next-generation EVs under the new “Ye” brand by …
Industry & Trade
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Tesla global job cuts reach US, China
by Nada Aliby Nada AliTesla confirmed a major global workforce reduction, impacting employees in sales, technology, and engineering across the company’s …
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Egypt’s commodity exports rise by 5.3% in Q1
by Nada Aliby Nada AliEgypt’s commodity exports recorded a 5.3 per cent growth during the first quarter of 2024, reaching $9.612 …
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China disguising imported Russian copper as scrap to avoid sanctions
by Nada Aliby Nada AliRussian Copper Company (RCC) and Chinese firms are suspected of evading taxes and bypassing Western sanctions by …
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US awards Samsung $6.4b chips grant for Texas project
by Nada Aliby Nada AliThe Biden administration will award $6.4 billion in grants to South Korea’s Samsung to expand chip production …
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US urges China to revise policies impacting new industries
by Nada Aliby Nada AliUS Treasury Secretary Janet Yellen warned China that the US will not tolerate new industries being harmed …
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China’s Shanxi aims to produce 1.3b coal tons in ’24
by Nada Aliby Nada AliShanxi Province in North China, a major coal producer, aims to reach a coal output of approximately …
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Samsung Elec. initiates $330m block sale of shares
by Nada Aliby Nada AliSamsung Electronics offered about 5.25 million of its shares in a block deal valued at up to …
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FeatureIndustry & TradeInternational NewsNewsTech/AI
US awards TSMC $6.6b subsidy for Arizona chip production
by Nada Aliby Nada AliThe US Commerce Department announced a $6.6 billion subsidy for Taiwan Semiconductor Manufacturing Co’s (TSMC) US unit …
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Gold prices hit record amid Middle East tensions
by Nada Aliby Nada AliGold prices continued their record-breaking rally on Monday, driven by speculative buying and ongoing tensions in the …