REUTERS: U.S. automaker General Motors Co on Wednesday launched Ultium, a battery with higher capacity and fast charging capabilities, to power its upcoming line of electric vehicles. The Detroit-based company said most of its new electric vehicles will have Ultium's 400-volt battery packs, while ...
WASHINGTON: IMF chief Kristalina Georgieva on Wednesday (Mar 4) called for an all-out, "no regrets" response to the new coronavirus epidemic which poses a "serious threat" to the global economy. "At a time of uncertainty ... it is better to do more than to do not enough," she said,...
SINGAPORE: Mr Daren Tang is set to be the new director general of the World Intellectual Property Organisation (WIPO) after winning a vote in Geneva on Wednesday (Mar 4). "This is the first time a Singaporean has been nominated for the leadership position of a UN Agency," said Prime Minister...
General Electric Co predicted on Wednesday that the coronavirus would wipe out a substantial chunk of industrial free cash flow in the first quarter, but stuck to full-year financial targets the company set in January.GE predicted that the outbreak would erase US$300 million to US$500 million from ...
WASHINGTON: The faster spread of the coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding that a third of the Fund's 189 member countries were now affected. Georgieva told a news conference after ...
Fiat Chrysler defied fears over Italy's coronavirus outbreak to showcase an electric version of its 500 city car on Wednesday, as it strives to catch up with rivals in low-emissions driving while heading into a merger with Peugeot maker PSA .
PARIS: France's top civil court dealt ride-hailing giant Uber a setback on Wednesday (Mar 4) with a ruling that it had effectively employed one of its drivers. Uber has long argued that it merely a platform linking self-employed drivers with riders, a model which allows it to avoid paying certain...
WASHINGTON: US private payrolls increased more than expected in February, pointing to labour market strength before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Reserve. The ADP National Employment Report ...
REUTERS: Campbell Soup Co on Wednesday (Mar 4) raised its fiscal full-year earnings forecast and posted better-than-expected quarterly profit and sales due to strong demand for soups and snacks, and its shares rose five per cent in early trade. The 150-year-old company has sought to revitalise its ...
Nokia Oyj has entered into partnership with Marvell Technology , the companies said on Wednesday, as Nokia seeks to acclerate its so-far sluggish shift to 5G.
