Hino Motors to Pay $1.6 Billion in Emissions Scandal Settlement
Hino Motors, a subsidiary of Toyota, has reached a settlement agreement with the U.S. government, pledging to pay $1.6 billion (£1.3 billion) in response to allegations of deceptive practices regarding…
YouTube Pledges $15 Million to Aid LA Community and Creators Affected by Wildfires
Google and YouTube have announced a significant donation of $15 million aimed at supporting the Los Angeles community and content creators impacted by recent wildfires. This initiative was detailed in…
TikTok’s U.S. Operations Attract Billionaire Investors
TikTok, the popular social media platform, has emerged as a significant player in the U.S. mobile user market, boasting approximately 115 million monthly mobile users. While it trails behind Instagram’s…
Supreme Court to Decide TikTok’s Fate Amid Security Concerns
The United States Supreme Court is poised to announce a critical decision on Friday that could determine the future of TikTok in the country. The app, immensely popular among Americans,…
Illinois Electric Truck Charging Initiative Receives $100 Million Boost
The Biden Administration’s Federal Highway Administration (FHWA) has announced a significant investment in electric vehicle infrastructure in Illinois. The Charging for Infrastructure (CFI) program awarded $636 million to 49 applicants…
TikTok Faces Imminent U.S. Shutdown Amidst Ownership Uncertainty
TikTok is on the brink of a significant shutdown in the United States, expected to take effect on Sunday, January 19. This development follows increasing concerns from the Biden administration…
Zuckerberg’s Meta Sheds 5% of Staff to Fuel AI Push
Meta, the tech giant spearheaded by CEO Mark Zuckerberg, is taking decisive steps to bolster its artificial intelligence (AI) capabilities. By targeting the lowest-performing 5% of its employees, approximately 3,600…
Synthesia Secures $180 Million Funding, Valuation Soars to $2.1 Billion
British artificial intelligence startup Synthesia has announced a significant milestone in its journey, securing a $180 million funding round led by New Enterprise Associates (NEA). This latest investment more than…
Hindenburg Research Closes Doors After Exposing Global Financial Giants
Hindenburg Research, a prominent U.S.-based short-seller known for its explosive reports on financial misconduct, has announced its closure. Founded in 2017 by Nate Anderson, the firm has been a formidable…
Google Partners with Varaha for Landmark Biochar Carbon Removal Initiative
Google has entered into a groundbreaking agreement with Indian startup Varaha to purchase 100,000 tons of carbon dioxide removal credits. This partnership marks Google’s first carbon project deal in India…
Microsoft Halts Hiring in U.S. Consulting Unit Amid Cost-Cutting Measures
Microsoft has announced a pause in hiring within its U.S. consulting business as part of a broader strategy to reduce expenses. The decision will affect the consulting division, which plans…
Meta Targets 5% Workforce Reduction to Boost Efficiency
Meta is set to implement performance-based job cuts affecting roughly 5% of its global workforce. This decision aligns with CEO Mark Zuckerberg’s ongoing efforts to overhaul his public image and…
Intel Capital Set for Independence as Intel Restructures Business
Intel Corporation has announced plans to spin off its venture capital arm, Intel Capital, into an independent entity. Established in 1991, Intel Capital was unique at its inception as a…
Instagram Shifts Focus Towards Original Content Amid TikTok Ban Uncertainty
Adam Mosseri, head of Meta’s Instagram, said Monday that the app will focus on prioritizing original and creative content in its algorithmic rankings in 2025. His comments came in a…
SEC Sues Musk Over Alleged Twitter Stake Disclosure Violations
The U.S. Securities and Exchange Commission (SEC) has initiated a lawsuit against Elon Musk, alleging that the billionaire entrepreneur failed to timely disclose his substantial stake in Twitter, now known…
Boeing’s 2024 Deliveries Plummet Amid Safety and Production Challenges
Boeing, the troubled aerospace giant, says it delivered just 348 aircraft to its customers last year, marking its lowest output since the pandemic. This figure represents a sharp drop from…
Apple Faces Pressure on DEI Policies Ahead of Shareholder Vote
Meta’s CEO, Mark Zuckerberg, has been making strides to mend ties with former President Donald Trump since his election in November. Meanwhile, Apple finds itself in the crosshairs of a…
UK MPs Demand Transparency as Shein Faces Supply Chain Scrutiny
The London Stock Exchange (LSE) faces pressure to clarify its vetting procedures for firms after fast-fashion giant Shein refused to answer key questions regarding its supply chain practices. Shein, which…
Volvo and Daimler Unite to Drive the Future of Software-Defined Vehicles
Volvo and Daimler, two giants in the automotive industry, have announced a groundbreaking joint venture aimed at setting an industry standard for software-defined vehicles (SDVs). Despite remaining competitors in other…
Toyota’s $922 Million Green Investment Energizes Kentucky’s Future
Toyota is making a substantial investment in Kentucky, committing $922 million to construct an advanced paint facility. The new facility, slated to open in 2027, will expand Kentucky’s production capacity…