This year's Shanghai Auto Show signalled the end of the petrol engine era in China, as domestic electric vehicle brands drive change across the sector and leave foreign companies in the dust, analysts and industry insiders said.. "I think this show marks the end of the internal combustion engine and the beginning of the EV era," he added.
US rideshare service Lyft on Friday sent word to employees that it plans a major staffing reduction to cut costs. . Lyft already had a round of major layoffs late last year. gc/dw
Google has paused construction of a massive campus in the Silicon Valley city of San Jose as it reins in costs, CNBC reported on Friday.. A site in San Jose had been cleared for a Google "Downtown West" campus, with construction to start by the end of this year, according to CNBC. The report cited unnamed people as saying the project was put on pause, with no word sent to contractors regarding when it might resume.
Twitter has dropped "state-affiliated" and "government-funded" labels from media accounts after widespread complaints, according to a review Friday of many high-profile pages.. On Friday many major media outlets from Western nations, Russia, China and other countries that had been tagged "state-affiliated" and "government-funded" no longer displayed the labels.
Petro Potapenko looks at the piles of grain on his farm and wonders if he will be able to export his production now that Ukraine's western neighbours have imposed import restrictions. . Over a year following Russia's invasion that has devastated Kyiv's agricultural industry, Ukraine's western neighbours -- Poland, Slovakia and Hungary -- have imposed temporary bans on Ukrainian grain and food imports.
Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion) in subsidies over 10 years for Volkswagen's first overseas battery plant, to be built in St. Thomas, Ontario.. Volkswagen, which announced in March plans to build the plant in St. Thomas, is investing Can$7 billion in the 370-acre facility -- the size of around 200 soccer fields -- which, according to a statement from Trudeau's office is "the largest electric vehicle-related investment in Canadian history."
From digital bank Revolut to money-transfer group Wise and payments company Checkout, London is Europe's fintech champion and intends on keeping its crown despite Brexit fallout and declining investments.. - Falling investments - The fintech sector has been rocked more recently by the failure of Silicon Valley Bank in the United States and wider global economic turmoil, which has dried up investments and eaten into company valuations.
Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion US) in subsidies over 10 years for Volkswagen's first overseas battery plant, to be built in St. Thomas, Ontario.. Volkswagen, which announced in March plans to build the plant in St. Thomas, is investing Can$7 billion in the 370-acre facility -- about the size of nearly 400 football fields -- which, according to a statement from Trudeau's office is "the largest electric vehicle-related investment in Canadian history."
Restaurant apprentices at a top hotel management school in France are refusing to work until bosses crack down on alleged sexual harassment, homophobic comments and insults from teachers.. But since March 27, around 60 third-year undergraduates in Paris have refused to work in its restaurant to protest the behaviour of certain teachers there.
Jack Ma, founder of Chinese tech giant Alibaba, has been made an honorary professor of business at a top Hong Kong university, the school announced Friday.. The University of Hong Kong on Friday said Ma had accepted an honorary professorship from its business school.
