Business

An employee works on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, U.S. April 11, 2022. REUTERS/Kamil Krzaczynski  WASHINGTON, D.C. — US industrial production exceeded expectations last month, according to fresh data published on Tuesday, buoyed by a sharp rise in the production of vehicles …

Maersk container is transported by a train near a port of Barcelona, Spain April 26, 2024. REUTERS/Nacho Doce/File Photo  COPENHAGEN — Maersk on Tuesday denied shipping arms or ammunition to Israel during its war in Gaza in response to a shareholder proposal at its annual general meeting but acknowledged shipping …

McDonald’s Canada is trying its hand at a vegetable-based burger — again. The fast-food chain announced Tuesday that it will test its new McVeggie at some restaurants in Langley, Richmond and Surrey, B.C., as well as Brampton and Windsor, Ont., and Dieppe, Moncton, Riverview and Sussex, N.B., until April 14.  …

CNN Business · Gabby Jones/Bloomberg/Getty Images  GOOGLE-PARENT Alphabet is in advanced negotiations to buy Israeli cybersecurity company Wiz with an offer of more than $30 billion, according to a source familiar with the matter, marking its largest potential acquisition to date. Alphabet’s latest offer is higher by roughly a third of the …

Photo Credit: CNBC SUWON, South Korea — Samsung Electronics said on Wednesday it is looking at major deals to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence (AI) boom made it one of the worst-performing tech stocks last year. The South …

Signify, formerly known as Philips Lighting, reinforced its leadership in the lighting industry with the launch of the Philips SmartBright All-In range during its “Race to Growth” distributors conference. Signify team reveals the new Philips SmartBright All-In range. PHOTOS FROM SIGNIFY PHILIPPINES  The event gathered over 100 professional distributors, providing …

A logo of BYD is seen on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier/File Photo  CHINESE electric vehicle (EV) maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 billion via an accelerated book-building, according …

Photo Credit: Agence France-Presse  SAN FRANCISCO, California — Nvidia chief Jensen Huang is expected to showcase cutting-edge chips for artificial intelligence (AI) and quantum computing on Tuesday, shrugging off talk of China’s DeepSeek disrupting the market. Huang’s keynote presentation at Nvidia’s annual developers conference should pack the SAP Center in …

PepsiCo said Monday it would buy prebiotic soda brand Poppi for $1.95 billion US, expanding into the “healthier soda” category at a time when the company is battling falling demand for its traditional beverages and snacks.  Prebiotic sodas have become a top-growing category in the U.S. within the carbonated drinks …

Forever 21’s U.S. operator on Sunday filed for bankruptcy for the second time in six years and said it would wind down operations in the country, hurt by mounting online competition in the fast-fashion sector and weak mall traffic.  U.S. stores will likely liquidate but stores in Canada and elsewhere …