Boeing Experiences Quarterly Revenue Drop Amid Production Challenges, Beat Expectations
Apr 25, 2024 05:05 am UTC| Business
Boeing disclosed a notable drop in quarterly revenue, the first in seven quarters, amidst production setbacks triggered by a January incident involving a cabin door mid-air blowout. This mishap led to a slowdown in the...
Tesla Cybertruck Hits 1,000-Unit Weekly Production Amid Q1 Financial Shortfalls
Apr 25, 2024 04:57 am UTC| Technology Business
Tesla announced a milestone in Cybertruck production, achieving 1,000 units per week concurrently with reporting lower-than-expected financial results for Q1 2024. Despite missing revenue and earnings estimates, Teslas...
IBM Acquires HashiCorp, Giving Its Hybrid-Cloud Business a Boost
Apr 25, 2024 04:48 am UTC| Business Technology
IBM, or the International Business Machines Corporation, announced it will buy the San Francisco-based software company HashiCorp on Wednesday, April 24. IBMs Strategic Acquisition IBMs acquisition of HashiCorp,...
LATAM Airlines Abandons Plans to Acquire Boeing B737 Planes Amid Gol Bankruptcy
Apr 25, 2024 04:28 am UTC| Business
LATAM Airlines announced a significant shift in its fleet expansion strategy on Wednesday, revealing that it has abandoned efforts to acquire Boeing B737 aircraft. The plan was previously considered acquiring planes from...
Tesla Model 3 Performance Eligible for $7,500 Tax Credit, Launches at $53K
Apr 25, 2024 04:17 am UTC| Technology Business
Tesla Inc. has unveiled a new $52,990 Performance model of its Model 3, eligible for full $7,500 federal EV tax credits. This introduces a more cost-effective option amidst Teslas current lineup. Teslas New $53K Model 3...
Chipotle Scraps Farmesa Fresh Eatery spinoff, Ghost Kitchen Cease Operations
Apr 25, 2024 04:12 am UTC| Business
Chipotle Mexican Grill will no longer pursue its Farmesa Fresh Eatery spinoff business as its partner, Kitchen United, shut down its ghost kitchens. The menu on the spinoff eatery mainly consists of customizable bowls....
Tesla Nears FSD Licensing Deal with Major Automaker, Hits 1.3 Billion Milestone
Apr 24, 2024 15:21 pm UTC| Technology Business
In Teslas latest quarterly update, CEO Elon Musk disclosed ongoing Full Self-Driving (FSD) licensing negotiations with a major automaker, noting the significant engagement from FSD users who have now surpassed 1.3 billion...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
The Mattei Plan: why Giorgia Meloni is looking to Africa
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight