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BUSINESS

  • Toyota Reconsiders North American EV Rollout as Sales Slow Down Toyota delays North American EV production to 2026 due to slow sales and market changes, while maintaining long-term investment plans.
  • Mark Zuckerberg Becomes World’s No. 2 Richest, Surpassing Bezos Meta CEO Mark Zuckerberg has become the second richest person in the world, overtaking Amazon founder Jeff Bezos.
  • $2.1 Trillion Needed by 2050 to Meet Raw Material Demand By 2050, the mining industry will need $2.1 trillion to meet the rising demand for minerals crucial for a low-carbon economy.
  • Tesla CIO Nagesh Saldi Steps Down Just Before Robotaxi Reveal Tesla's Chief Information Officer (CIO), Nagesh Saldi, is set to leave the company, according to a report by Bloomberg on Thursday.
  • Court Rules in Favor of Musk: Tesla Shareholders’ Lawsuit Tossed Out Tesla shareholders' lawsuit against Elon Musk dismissed by court, citing lack of evidence for damages from his statements.
  • NLRB vs. Apple: Legal Showdown Over Employee Advocacy Rights NLRB accuses Apple of violating employee rights with illegal policies, sparking legal action and stock price decline.
  • Russia and Uzbekistan Set to Finalize Major Nuclear Plant Project Uzbekistan and Russia are expected to finalize negotiations for a nuclear power plant construction project.
  • Buffett Goes All-In on Japan with New Samurai Bond Issuance Warren Buffett leads Berkshire Hathaway in a second Samurai bond issuance, emphasizing a strategic focus on Japan's market.
  • $5 Billion Fallout Expected as U.S. Dockworkers Launch Historic Port Strike Dockworkers' strike threatens U.S. ports, significantly risking $5 billion economic fallout and disrupting global supply chains.
  • Hidden War: How China Influences Korea’s Electric Vehicle Market Online China influences public opinion against Korean products through organized online commentary, employing tactics to incite discord.
  • NVIDIA Stock Dips: Is This the Perfect Time to Buy? Analysts have identified a potential buying opportunity for NVIDIA (NVDA) following a recent dip in AI momentum.
  • Shockwaves in EV Market: EU Eyes Up to 45% Tariff on Chinese Imports The EU plans to vote on tariffs up to 45% on Chinese electric vehicles, with member states negotiating to avoid them.
  • Middle East-North Africa Strengthens Its Position with 7.5% of Global Crypto Trades MENA region has played a significant role in the crypto market. From July 2023 to June 2024, it represented 7.5% of total trading volume.
  • Dell Joins the 5-Day Workweek Club: What It Means for Employees! According to Reuters on Thursday, Dell's global sales team employees must return to working in-office five days a week starting September 30.
  • Google Blocks New Accounts in Russia, Urges Users to Shift to Domestic Platforms Alphabet's Google announced on Thursday that they had implemented restrictions on account creation for users in Russia.
  • THIS Airline Takes #1 in Business and First Class at 2024 10Best Awards Korean Air won Best Airline in Business and First Class at the 2024 10Best Readers' Choice Awards organized by USA Today every year.
  • Warren Buffett Cashed in $9 Billion by Offloading Bank of America Stakes Warren Buffett's Berkshire Hathaway has profited $9 billion since July, selling more Bank of America shares while maintaining a 10.5% stake.
  • Goldman Sachs Sees Bright Future for Tesla, Suggests Buying Stock Options Goldman Sachs has advised investors to buy call options for Tesla, citing a series of potential key developments.
  • Intel Introduces Gaudi 3 AI Chip, Eyes Competition with Nvidia and AMD Intel is launching its Gaudi 3 AI chip to compete with Nvidia and AMD, claiming superior efficiency and speed for generative AI.
  • China’s Stimulus Boosts Oil Prices as U.S. Faces Hurricane Threats The price of New York crude oil rose after China announced interest rate cuts and a large economic stimulus package.
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