
Google Faces Mounting Regulatory Risks Ahead of Antitrust Ruling
Jun 07, 2025 11:23 am UTC| Business Technology
Alphabets Google (NASDAQ: GOOGL) is under increasing regulatory pressure as the U.S. Department of Justices antitrust case over its search dominance approaches a pivotal decision, expected between late July and early...

Geely Halts Factory Expansion Amid China’s Auto Overcapacity and Global Price War
Jun 07, 2025 11:20 am UTC| Business
Geely Chairman and founder Li Shufu has announced that the Chinese automaker will not build new manufacturing plants or expand current ones, citing serious overcapacity in the global automotive industry. His remarks were...

Rio Tinto Seeks Government Support to Save Tomago Aluminium Smelter
Jun 07, 2025 06:37 am UTC| Business
Global mining giant Rio Tinto (NYSE:RIO) is reportedly in negotiations with the Australian federal and New South Wales state governments for a multibillion-dollar bailout to keep its Tomago aluminium smelter operational....

EchoStar Weighs Chapter 11 to Protect Wireless Spectrum Amid FCC Probe
Jun 07, 2025 06:32 am UTC| Business Governance
EchoStar is reportedly exploring a Chapter 11 bankruptcy filing to safeguard its valuable wireless spectrum licenses, according to sources cited by The Wall Street Journal. The move comes as the company faces increasing...

Tesla's Optimus Robot Chief Milan Kovac Resigns to Prioritize Family
Jun 07, 2025 06:13 am UTC| Business Technology
Milan Kovac, head of Teslas (NASDAQ: TSLA) Optimus humanoid robot program, has announced his resignation. In a post on X (formerly Twitter) on Friday, Kovac stated that his departure is solely for personal reasons. Ive...

Trump-Musk Rift Deepens Over Tax Bill, Government Contracts in Jeopardy
Jun 07, 2025 06:10 am UTC| Politics Business
U.S. President Donald Trump confirmed Friday he has no intention of speaking with Tesla CEO Elon Musk, highlighting a growing rift between the two over Trumps controversial tax-cut bill. Speaking aboard Air Force One,...

MercadoLibre Expands Free Shipping in Brazil to Boost Sales Amid Rising Competition
Jun 06, 2025 05:12 am UTC| Business
MercadoLibre (NASDAQ:MELI), Latin Americas largest e-commerce company, is expanding its free shipping policy in Brazil, its top market, to attract more buyers amid intensifying competition. The company announced that...