Volkswagen profit drops 20% in first quarter on lower sales
German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter of 2024 compared to the the same period a year earlier.
Jeep maker Stellantis down 10% on sharp fall in revenue as it prepares for slew of new models
Global automaker Stellantis on Tuesday reported a 12% decline in revenue in the first quarter, citing lower sales and foreign exchange effects.
Europe may need to impose tariffs of up to 55% to curb Chinese EV imports, research says
A new report says Brussels would need to levy higher than expected tariffs of around 50% on Chinese electric vehicles to dissuade their export into the bloc.
A viral conspiracy theory on TikTok says nice people don’t get promoted. But experts disagree
A Viral TikTok claiming nice workers never get promoted has 8 million views: “They know they can keep serving you s–t on a platter and you’ll eat it with a smile.”
F1’s fanbase is shifting — and the ‘Netflix effect’ is only part of that
Since its release in 2019, “Formula 1: Drive to Survive” has been credited with everything from helping F1 crack the U.S. to rejuvenating the sport itself.
HSBC beats expectations in first-quarter earnings; CEO Noel Quinn to retire
The company also announced the surprise retirement of Group Chief Executive Officer Noel Quinn.
Covid caused a ‘massive spike’ in yacht sales — now some of those boats are back on the market
Several years after a buying frenzy, the yachting industry is seeing a sudden rush of pre-owned yachts hit the brokerage market.
IMF raises its Asia growth forecast for 2024, highlights India’s growth and China stimulus as key drivers
The upward revision reflects upgrades for China, the IMF said, where it expects policy stimulus to provide support.
86% of expats report being stressed out, but study suggests they may also cope better with burnout
Expats are a crucial part of the global workforce today. Although they experience higher levels of stress, they also exhibit more vitality than locals.
Strained Chinese cities struggle to pay home buying subsidies
Chinese cities have promised subsidies and other incentives to prop up the ailing property sector but have failed to deliver, frustrating potential homebuyers.
