Bryan Salesky had little way of knowing in 2007 that his teammates and rivals in a U.S. Defense Department-sponsored competition were laying the foundations for future self-driving businesses now valued at billions of dollars.
This month, we saw the Cyclacel Pharmaceuticals, Inc. (NASDAQ:CYCC) up an impressive 99%. But that doesn’t change the… …read more […]
Federal Aviation Administration (FAA) chief Steve Dickson will testify Wednesday before Congress on the series of steps that must be completed before the agency will allow Boeing Co’s (BA.N> grounded 737 MAX, involved in two fatal crashes in five months, to resume flying. Dickson will testify before the U.S. House Transportation and Infrastructure Committee alongside Earl Lawrence, the FAA’s aircraft certification chief. Others set to appear include a former Boeing employee who raised concerns about 737 production and a former FAA employee. …read more […]
U.S. electric vehicle maker Tesla Inc plans to increase prices of imported Model 3 vehicles in China in January, sources briefed with the matter said. Tesla plans to increase prices of imported Model 3 vehicles with longer range and those with performance function, which are currently priced at 439,900 yuan ($62,495.56) and 509,900 yuan respectively. The move comes as Tesla, which is building a car plant in Shanghai, aims to deliver China-made Model 3 sedans, which are priced at 355,800 yuan, to customers before January 25 next year. …read more […]
The German factories operated by Thyssenkrupp’s elevator division need to be optimized, the unit’s chief executive said, adding talks with labor representatives have already started.
U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China.
After the initial euphoria had subsided, Mexican business leaders emerged bruised and resigned to a new stricter trade deal with the United States and Canada that could usher in more intrusive enforcement of labor rules in Mexico.
Saudi Aramco shares opened at 35.2 riyal ($9.39) on Wednesday, 10% above their IPO price of 32 riyals, in their first day of trading following a record initial public offering.
Whilst it may not be a huge deal, we thought it was good to see that the Cytosorbents Corporation (NASDAQ:CTSO) CEO… …read more […]
Oil prices fell on Wednesday after industry data showed an unexpected build in U.S. crude inventories and as investors waited for news on whether a fresh round of U.S. tariffs on Chinese goods would take effect on Sunday.
Global airlines reduced a forecast for industry-wide profits in 2019 under the weight of trade tensions, but predicted a modest recovery next year on the assumption that tariff wars will recede in the run-up to the U.S. presidential election.
The German government confirmed on Wednesday it was willing to repay customers of insolvent Thomas Cook as the tour operator’s insurance coverage was not sufficient.
Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.
European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods, while two major central banks held policy meetings.
(Bloomberg) — China’s Huawei Technologies Co. just won a major seal of approval from one of Germany’s biggest telecom companies.Telefonica SA’s German unit picked Huawei and Finland’s Nokia Oyj to supply its fifth-generation mobile phone network upgrade, the company said Wednesday.The announcement is a boon to Huawei after Deutsche Telekom AG said last week it has stopped ordering new 5G equipment because of political uncertainty over Chinese suppliers. Huawei has repeatedly denied allegations its equipment could be used for espionage.The German government is currently drawing up security guidelines for the country’s 5G network expansion, in a move that’s expected to …read more […]
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