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Volkswagen boss hails cost-cutting deal but shares fall

Volkswagen's chief executive welcomed a deal to slash jobs and reduce production capacity in Germany without the need to close factories, but the car giant's shares fell heavily on Monday.

Sweden says China blocked prosecutors' probe of ship linked to cut cables

Sweden's foreign minister said Monday that China had denied a request for prosecutors to conduct an investigation on a Chinese ship linked to two severed Baltic Sea cables despite Beijing pledging "cooperation" with regional authorities.

Last news

Biden says Trump economic plan will be 'disaster'

Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster," in a speech hailing his own legacy.

New York appeals dismissed PepsiCo plastic pollution suit

New York state this week appealed the dismissal of a pollution lawsuit against soda giant PepsiCo, accusing its single-use plastic packaging of posing a scourge on waterways and public health.

US disburses $20 bn Ukraine loan backed by profits from Russian assets

The United States announced Tuesday that it has disbursed a $20 billion loan for Ukraine backed by the interest earned on frozen Russian assets, as part of a $50 billion G7 support package.

World stock markets diverge as rate calls loom

Global stock markets diverged Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.

Airlines chief says jet manufacturers need to deliver

World airlines are "cautiously optimistic" for 2025, the industry body's head told AFP on Tuesday, while slamming the big plane manufacturers for not delivering new aircraft fast enough.

Boeing resumes production at Seattle plants after strike

Boeing has resumed production on the 737 MAX after a nearly three-month stoppage due to a lengthy labor strike in the Seattle region.

World stock markets mixed as rate calls loom, geopolitics weighs

Global stock markets were mixed Tuesday as traders eyed looming US inflation data and a key European interest rate call amid global political upheaval.

US firms up $6.2 bn Micron funding to boost chipmaking

US President Joe Biden's administration finalized nearly $6.2 billion in funding for Micron Technology on Tuesday, firming up a deal to boost domestic semiconductor production before Donald Trump returns to the White House.

UK pledges to cut government spending waste

UK government departments must find efficiency savings of five percent, finance minister Rachel Reeves insisted Tuesday, vowing to take an "iron fist" to public-spending waste.

Air passenger numbers to top five billion in 2025: IATA

Air passenger numbers are forecast to top five billion for the first time next year and the sector's revenues will break the trillion-dollar barrier, the global aviation body IATA said on Tuesday.

Stellantis, Chinese firm CATL plan $4bn battery plant in Spain

Car giant Stellantis and Chinese manufacturer CATL said Tuesday they would build a $4.3-billion factory to make electric vehicle batteries in Spain, the latest bid to boost Europe's troubled EV drive.

'Huge demand': Portugal dreams of becoming medical cannabis hub

"We should be the new El Dorado of medical cannabis production," said agronomist Jose Martins as dozens of workers harvested marijuana in bright sunshine at a farm in southeastern Portugal.

China's Xi warns 'no winners' in trade war with US

Chinese President Xi Jinping warned Tuesday that there would be "no winners" in a trade war with the United States and vowed the country would hit its growth goals for the year.

The trial of a king: ancient royal ritual in Cameroon promotes peace

Chatter muffled as members of a secret society, masked and garbed in honey-coloured robes, entered the court of Foumban, the historic capital of a centuries-old kingdom nestled in hilly northwestern Cameroon.

Hong Kong, Shanghai rally on China optimism as Seoul rebounds

Hong Kong and Shanghai stocks rallied Tuesday after China pledged to adopt a looser monetary policy to revive the stuttering economy, while Seoul rebounded after days of losses fuelled by the brief declaration of martial law by South Korea's president.

Pantheon Resources PLC Announces Megrez-1 Well Discovery

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED ("MAR")Pantheon Resources plcMegrez-1 well discovery - penetrates multiple horizons containing light liquid hydrocarbons over 1,260ft vertical interval

B&P Cycle and Sports Wins Consumer Choice Award for Bicycle Sales and Services in Southern Alberta

Consumer Choice Award (CCA) proudly announces that B&P Cycle and Sports has won in the Bicycle Sales and Services category in Southern Alberta. This prestigious award recognizes businesses with exceptional service, product quality, and customer satisfaction.

OakWood Designers & Builders Wins Consumer Choice Award for Home Renovation & Design in Ottawa

Consumer Choice Award (CCA) is excited to announce OakWood Designers & Builders as Ottawa's Home Renovation & Design category winner. This prestigious award highlights OakWood's commitment to delivering exceptional craftsmanship, innovative designs, and sustainable building practices for over 65 years.

Integrated Financial Technologies Achieves Record Growth in 2024

Smartsourcing Provider Sees Revenue Increase More Than 40 Percent

Alset AI Acquires Majority Ownership of Artificial Intelligence Cloud Computing Company, Cedarcross Technologies

an artificial intelligence (AI) venture company advancing innovation through strategic investment and cloud computing solutions, announces it has entered into share exchange agreements dated December 8 2024 (collectively, the "Agreements"), to acquire an aggregate26% stake in Cedarcross International Technologies Inc. ("Cedarcross Technologies"), a private British Columbia corporation. Upon closing, Alset AI will hold an approximately 75% equity interest in Cedarcross Technologies, reinforcing its commitment to driving innovation in AI cloud infrastructure.

QS Energy Achieves Phase 4 Milestone with Southeast Asia’s Leading Energy Producer

Advancing Energy Efficiency and Expanding AOT Deployment Globally

Carter Bank Announces North Carolina Branch Acquisition From First Reliance Bank

Carter Bankshares, Inc. (NASDAQ:CARE) and First Reliance Bancshares, Inc. (OTC PINK:FSRL), announced today that their wholly owned subsidiaries, Carter Bank and First Reliance Bank, entered into a definitive Purchase and Assumption Agreement (the "Agreement") under which Carter Bank will acquire deposits associated with First Reliance Bank's two branches in Mooresville and Winston-Salem, as well as First Reliance Bank's Winston-Salem branch facility (the "Transaction").

SOLO(TM) Micro Modular Reactor Takes Over Wall Street: At NYSE, SOLO Redefines the Future of Clean Energy with Existing, Validated, and Qualified 1MWe Nuclear Technology

Terra Innovatum Makes Global Debut Interviewing at NYSE to Introduce SOLO™: The World's First Micro Modular Nuclear Reactor Set for Commercial Launch by 2028

Hygreen Energy Delivers 25MW Electrolyzer System to Largest Hydrogen Project in Shandong

Commissioning of Hygreen’s alkaline electrolyzer system is expected to be completed in Q1 of 2025

Apiture and Newtek Bank Honored for Best Bank-Fintech Partnership in the IBSi Global FinTech Innovation Awards

Newtek Bank tripled deposits in 2023 using the Apiture Digital Banking Platform

Kueski Welcomes Andreas Waldmann as Chief Marketing Officer

Fintech and Banking Leader Brings 20 Years of Expertise to Drive Growth and Innovation at Kueski

GreetEat Corp. (OTC:REPO) Announces Beta Launch of Its Virtual Dining Platform, Now Open for Early Access

GreetEat Corp. (OTC PINK:REPO), a technology company dedicated to connecting people over virtual dining experiences, today announced the launch of its innovative platform for facilitating remote meetings, events and celebrations. This exclusive early access program invites users to join the platform and participate in its evolution before the full public launch. GreetEat is designed to bring people together over a personalized meal, wherever they may be.

Gryphon Digital Mining Signs Definitive Agreement for Natural Gas Assets, Securing Low-Cost Power of 100 MW, Expandable and Scalable to 1 GW

Pending acquisition is expected to deliver:Natural gas asset in Canada with 5+ Tcf of contingent resourcePhase 1 power generation of 100 MW with expansion potential up to 1 GWAll in energy costs of less than $0.03/KWH

Pioneer Institute Offers Blueprint for Federal Administrative Reform

Proposed changes to rulemaking and grantmaking will boost accountability and state policy innovation

Harte Hanks Teams Up With Reddy to Revolutionize Customer Care Using AI-Driven Solutions

Harte Hanks, Inc. (NASDAQ:HHS), the 101-year-old Massachusetts-based global customer experience company, today announced it's collaborating with Reddy, a contact center coaching and training platform that uses AI to help businesses automate and optimize their contact centers.

The Very First Asia-Pacific OZ Industrial Park in the U.S. is Opening Soon

Token Communities is entering the Industrial Park real Estate Market in TX

Tecogen Receives Orders for 8 Tecopower Cogeneration Systems

Tecogen Inc. (OTCQX:TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce orders for eight 75KW Tecopower cogeneration systems for multiple buildings and customers in the Northeast. These orders were generated through Tecogen's project developer relationships.

American Marconi Wireless News - Economy (English)