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Customers Of Xiaomi's EVs Must Wait Months For Deliveries, Indicating Strong Demand

Due to high demand for its first-ever automobile, Xiaomi, a Chinese company, is warning prospective customers that they may have to wait four to seven months to get their SU7 electric sedan.   Pre-orders for the manufacturer of cellphones and other consumer gadgets exceeded 88,898 in the...

Microsoft Will Bifurcating Teams And Office Globally In Response To Antitrust Concerns

Six months after unbundling the two products in Europe to try and avoid a potential EU antitrust charge, Microsoft announced on Monday that it will pitch its chat and video programme Teams independently from its Office suite worldwide.   Following a complaint by the rival workspace messaging...

How Boeing’s Own Clients Virtually ‘Fired’ The Plane Maker’s Leadership

Eighty days had passed. For the airline sector, however, enough was enough.   According to those familiar with the conversations, a revolt by American airline executives this week culminated in the removal of Boeing's senior executives, including CEO Dave Calhoun. This opened the...

The Decline In Commercial Real Estate Is Deemed A Major Concern By UBS

One of the "top and emerging risks" that UBS identified for the Swiss bank was the decline in the commercial real estate markets, which was impacted by lower office space demand during the pandemic and higher borrowing costs.   The largest slump in the commercial real estate markets since...

The Compromised Data Set Of AT&T Affects Roughly 73 Million Active And Past Customers

The telecom giant AT&T announced on Saturday that it is looking into a data set that was made available on the "dark web" around two weeks ago. According to its initial investigation, the data set may have affected 65.4 million former and 7.6 million current account holders.   The data...

As Moderna Attempts To Recover From The Covid Collapse, Three Of Its Vaccines Are Moved Into Final Stage Testing

Beyond its Covid vaccination, Moderna offers further benefits.   The biotech business revealed encouraging results from three experimental vaccines against different viruses. According to the corporation, such photos are being moved to final stage studies.   With the global demand for...

Huawei Claims Mass Delivery Of Chery's Luxeed S7 Luxury EV Has Begun

Mass distribution of the Luxeed S7 electric car, a collaborative endeavor between Chery Auto and the technological powerhouse Huawei, has finally commenced after encountering setbacks in production and delivery due to chip shortages, as stated by a Huawei executive on Saturday. Richard Yu, the...

Insurance Loss Because Of The Bridge Collapse In The US Could Reach $3 Billion

According to a British insurance marketplace, the largest single maritime insurance loss in history will be caused by the collapse of a bridge in the US city of Baltimore. After a ship collided with the bridge, six persons were thought to be killed; two remains have been found by divers.  ...

China's Smartphone Maker Xiaomi Unveils An Electric Vehicle $4K Less Expensive Than Tesla's Model 3

As pricing wars intensify in China's intensely competitive electric car sector, Chinese smartphone manufacturer Xiaomi announced on Thursday that it will offer its first vehicle for significantly less than Tesla's Model 3.   The base SU7 model will retail in the nation for 215,900 yuan...

For His Multibillion-Dollar FTX Scam, Bankman-Fried Given A 25-Year Jail Term

On Thursday, a judge sentenced Sam Bankman-Fried to 25 years in jail for stealing $8 billion from users of the now-bankrupt FTX cryptocurrency exchange he established, marking the final stage in the erstwhile billionaire wunderkind's stunning downfall.   U.S. District Judge Lewis Kaplan...

Tesla Deliveries Risk A Knock From China's Recession And Lacklustre Demand

Tesla is anticipated to report poor first-quarter deliveries next week as the boost from price reduction fades and the US manufacturer faces stiff competition for buyers in a declining electric-vehicle industry.   After years of strong sales growth that propelled it to the world's most...

Hyundai Motor Doubles Down On EVs As It Increases Investment In Korea

Hyundai Motor Group announced that it will invest 68 trillion won ($51 billion) in South Korea over three years to increase electric vehicle manufacturing and new mobility operations, as well as hire 80,000 new personnel, doubling down at a time when other established automakers are halting their...
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