PORTLAND, Maine (AP) — Titan sub crew knew they were going to die before implosion, "experiencing terror and mental anguish," lawsuit says.
An appeal by Bruce Lehrmann against his defamation loss to Network Ten has hit a snag, with his lawyer telling a court he is still chasing funds.
Italy is looking to Mexico and Vietnam as it seeks alternative export markets for its production of automotive components, in anticipation of weaker demand from Germany amid the Volkswagen crisis, an Italian minister said. "We are aware of the situation Germany is facing in the automotive industry," Foreign Minister Antonio Tajani on Friday told reporters on the sidelines of the TEHA business forum, adding Italian auto part exports could be impacted.
In May, Volkswagen finance chief Arno Antlitz warned that Europe's top carmaker had about two or three years to prepare for cut-throat competition from abroad, mainly China. While many of Volkswagen's challenges - from a weakening Chinese market to a slower than expected switch to electric vehicles, have plagued it for a while, two recent developments have made things worse for the German group, according to interviews with seven company sources, investors and analysts. First, concerns have grown that Asian rivals, including BYD, Chery and Leapmotor, could speed up plans to build production capacity in Europe if Brussels goes ahead with planned hefty import tariffs on China-made EVs.
A teenager who allegedly laced lollies with THC and then sold them to schoolmates is facing court on nine drug offences.
TOKYO (Reuters) -Japan's Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei business daily reported, becoming the latest automaker to roll back electric car plans as EV sales momentum wanes. Toyota said in a statement there was no change to its intention to produce 1.5 million EVs per year by 2026 and 3.5 million by 2030. Producing even 1 million electric vehicles per year, however, represents an ambitious undertaking for Toyota, which has put far more effort into developing hybrids and sold only about 104,000 EVs last year.
JPMorgan named Kwang Kam Shing as its new Hong Kong CEO, taking over for Harshika Patel, who will remain as head of the firm's Asia Private Bank. Kwang will report to Sjoerd Leenart, the Asia-Pacific CEO, and will oversee local governance, coordination, and controls. She will also continue to foster employee and community engagement in the Hong Kong operation, according to an internal memo seen by the Post on Friday. She will take over from Patel, who was the Hong Kong CEO for three years. Patel
For the second time in a year, Google is going to trial against the US Justice Department to defend its lucrative businesses.
The antitrust trial between Alphabet's Google (GOOG, GOOGL) and the Department of Justice begins on Monday, September 9. The DOJ's suit targets Google's ecosystem of advertising technology businesses. Yahoo Finance legal reporter Alexis Keenan explains how Google's adtech network operates, how it supposedly forms a monopoly, and what the trial's ultimate results mean for Google and its parent company, coming after a judge ruled that Google illegally maintained a monopoly on search in August. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written and updated by Luke Carberry Mogan.
A multi-million-dollar settlement has been reached for thousands of Indigenous workers whose wages were stolen over four decades in the Northern Territory.
Europe's autos industry could face fines of 15 billion euros ($17.4 billion) for carbon emissions due to slowing demand for electric vehicles, Renault CEO Luca de Meo said on Saturday. "If electric vehicles remain at today's level, the European industry may have to pay 15 billion euros in fines or give up the production of more than 2.5 million vehicles," de Meo told France Inter radio. "The speed of the electric ramp-up is half of what we would need to achieve the objectives that would allow us not to pay fines," de Meo, who is also president of the European Automobile Manufacturers Association (ACEA), said of the sector.
For a comfortable retirement, 26% of Americans said they'd need anywhere from $500,000 to $1 million. This key takeaway comes from a GOBankingRates January 2024 survey polling 1,005 Americans about...
HONG KONG (Reuters) -The merger of two state-backed brokerages in China to create a sector leader with $230 billion in assets is part of Beijing's drive to consolidate the $1.7-trillion industry amid challenging markets, and the move is set to gather pace, analysts said. Shanghai-based Guotai Junan Securities is set to acquire its cross-town rival Haitong Securities via a share swap, the two companies said late on Thursday. The combined entity, with 1.6 trillion yuan ($226 billion) in total assets, will overtake Citic Securities as China's largest brokerage.
The deal aims to create India's largest entertainment company which will dominate the advertising market.
NEW YORK (Reuters) -Oil prices settled 2% lower on Friday, with a big weekly loss after data U.S. jobs data was weaker than expected in August, which outweighed price support from a delay to supply increases by OPEC+ producers. Brent crude futures were down $1.63, or 2.24%, to $71.06 a barrel, their lowest level since Dec. 2021. "The jobs report was a little soft and implied that the economy in the U.S. is on the slide," Bob Yawger, executive director of energy futures at Mizuho.
Sienna Mallon has worked her way up the ranks in mining and yet she's still faced with people questioning how she got there.
You've done it. You've finally punched your time clock for the last time and are about to step into living your retirement dreams. Now that you don't have to worry about a work commute you can explore...
At first it was relatable, but now women are having different thoughts.
Former President Donald Trump on Saturday called for modifying the 25th Amendment of the US Constitution and said if a vice president “lies or engages in a conspiracy to cover up the incapacity of the president” they should be removed from office.
Donald Trump said only he could "stop World War III" in a message going after the former GOP vice president and "Comrade Kamala Harris."
The father of two brothers killed on a surfing trip to Mexico has revealed a heartbreaking, six-word confession.
