President Joe Biden has extended the suspension of tariffs on European Union (EU) steel and aluminum for two more years.
Industry
Xerox Starts 2024 with Cutting 15% of its Workforce
Xerox has announced a workforce reduction of 15% as part of its reinvention strategy. Xerox has initiated a significant restructuring effort in 2024, announcing a workforce reduction of 15% as part of its ongoing transition to prioritize business services over traditional photocopiers.
NASA Aims to Put Humanoid Robots in Space to Do Dangerous Jobs
NASA wants to put humanoid robots in space one day to help humans explore the moon and Mars. Human-like robots might be the next big thing in space as NASA aims to launch its humanoid robot Valkyrie in the coming years to help humans explore the moon and Mars.
Tesla, Nissan, GM and Other EV Models Lose US Tax Credits
Several electric vehicle (EV) models, including the Nissan Leaf, Chevrolet Blazer EV, Tesla Cybertruck All-Wheel Drive, and some Tesla Model 3s, are no longer eligible for tax credits of up to $7,500.
Russia's Manufacturing Sector Grows Fastest in 7 Years in December
Activity in Russia's manufacturing industry scaled up at its fastest pace in almost seven years in December, according to a business survey.
Latest News
Chinese tech giant Xiaomi unveiled its first EV model, the SU7, on Thursday, when it detailed plans to enter the competitive electric vehicle (EV) market.
India has identified nine global cryptocurrency exchanges, including Binance, Kraken, Kucoin, and Mexc, operating "illegally" in the country.
President Joe Biden's program under the Inflation Reduction Act of 2022, allowing Medicare to negotiate drug prices directly with manufacturers, will face major tests in 2024.
Russia has expressed anger over Japan's move to help Ukraine and South Korea's economic sanctions against Moscow.
A factory worker at the Tesla Giga Texas facility was reportedly attacked by a robot, which pushed its claws into his body.
US-based online retailer Zulily has announced its closure, surprising its customers and hundreds of employees who will be laid off.
The delivery of Russian Sokol grade crude oil to the Indian Oil Corp has faced a delay. The delivery of Russia's Sokol crude oil to the Indian Oil Corp (IOC) has reportedly faced a setback due to payment issues, causing shipment delays.
Two cities in northwestern China have implemented preventive measures to address an anticipated heavy pollution surge in the coming days.
The United States has successfully finalized contracts to buy three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) following last year's record-setting sale, the US Department of Energy disclosed.
