Business

Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs

Sunday, July 12 by SRN News

BERLIN (AP) - Volkswagen's CEO indicated in comments published Sunday that he's trying to avoid closing plants as he seeks to turn around the automaker's performance. The Wolfsburg, Germany-based company faces pressure to cut costs at home and increasingly intense competition in the lucrative Chinese... Read More.

Focus turns to building stronger institutions in Africa to speed shift to renewable energy

Sunday, July 12 by SRN News

NAIROBI, Kenya (AP) - Africa's biggest clean energy challenge is shifting from building projects to building the institutions, markets and regulatory systems needed to deliver them at scale, experts say. That challenge is emerging even as clean energy reaches a historic milestone globally. Renewables... Read More.

Ford, Canada’s Unifor reach tentative deal on labor contract

Saturday, July 11 by SRN News

July 11 (Reuters) - Ford Motor said on Saturday it has reached a tentative agreement with Canadian auto union Unifor on a three-year national labor contract. The contract covers more than 5,000 unionized employees in Canada, the company said. Here is what to know:... Read More.

Khosla family agrees to purchase defending Super Bowl champion Seattle for $9.612B, AP source says

Saturday, July 11 by SRN News

The Seattle Seahawks are being sold to the Khosla family, including Vinod Khosla, in accordance with the wishes of late team owner Paul Allen, the team announced on Saturday. The Khosla family entered into a formal agreement to purchase the defending Super Bowl champions for... Read More.

Trinidad and Tobago signs agreements with US companies that pave the way for data centers

Saturday, July 11 by SRN News

PORT-OF-SPAIN, Trinidad (AP) - Trinidad and Tobago has signed agreements paving the way for U.S. companies to begin groundwork for installing large data centers in the Caribbean nation, sparking concerns about potential energy consumption and environmental impacts. The memorandums of understanding with the Florida-headquartered Hummingbird... Read More.

Amid criticism, Meta reins in new AI tool that automatically accessed public Instagram images

Saturday, July 11 by SRN News

Meta has pulled the plug on a feature of a recently launched AI tool following criticism that it made Instagram accounts fodder for use in creating AI-generated images. The move on Friday came less than a week after the parent of Instagram and Facebook rolled... Read More.

America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high

Saturday, July 11 by SRN News

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and rising costs are impacting the decisions... Read More.

Major German carmakers hit by steep China sales plunge as competition heats up

Saturday, July 11 by SRN News

HONG KONG (AP) - Major German carmakers saw sharp quarterly sales declines in China as domestic demand weakened and competition heated up in the world's biggest auto market. At Volkswagen, Mercedes-Benz, BMW and Porsche, China sales for the April-June quarter plummeted between 30% and 41%... Read More.

South Africa seeks tariff exemption as US probes forced labor tied to imports

Saturday, July 11 by SRN News

JOHANNESBURG (AP) - South Africa has asked the United States to exempt it from proposed tariffs linked to a U.S. investigation into the enforcement of bans on imports of products made with forced labor in dozens of countries, arguing that it has robust laws... Read More.

Oregon drops motion to delay Paramount-Warner Bros deal

Friday, July 10 by SRN News

July 10 (Reuters) - The Oregon attorney general's office said on Friday it has withdrawn its court motion to delay Paramount's proposed $110 billion acquisition of Warner Bros. "Paramount made it clear that they weren't going to comply with the investigative demand, and that... Read More.

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Current Weather

Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs

Focus turns to building stronger institutions in Africa to speed shift to renewable energy

Ford, Canada’s Unifor reach tentative deal on labor contract

Khosla family agrees to purchase defending Super Bowl champion Seattle for $9.612B, AP source says

Trinidad and Tobago signs agreements with US companies that pave the way for data centers

Amid criticism, Meta reins in new AI tool that automatically accessed public Instagram images

America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high

Major German carmakers hit by steep China sales plunge as competition heats up

South Africa seeks tariff exemption as US probes forced labor tied to imports

Oregon drops motion to delay Paramount-Warner Bros deal

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