Mercedes-Benz warns of lower profits, launches cost-cutting plan
The German automaker expects its profit margins to fall between 6% and 8% this year, down from 8.1% in 2024 and 12.6% in the previous year
Trump plans talks with China over TikTok ownership dispute
There's a lot of people interested in TikTok, and we have a chance to do something good by keeping it alive, says Trump
Tesla under scrutiny for workplace safety breaches after worker’s death
Federal regulators cite Tesla for workplace safety violations linked to a worker's electrocution last summer at its Austin plant
Suzuki prioritizes India despite lowering EV and sales targets
The Japanese automaker now targets 2.5 million vehicle sales in India by March 2031, down from 3 million, with four EV launches instead of six
Microsoft unveils Majorana 1 chip to advance quantum computing
The company says the chip reduces errors in quantum calculations, making quantum computing a near-term breakthrough
Apple’s first in-house modem sets stage for Qualcomm phase-out
The chip debuts in the $599 iPhone 16e, with Apple planning to expand its use across future devices
iPhone 16e debuts as Apple’s cheapest new model, replacing iPhone SE
The launch comes at a pivotal moment as Apple looks to revive iPhone sales, which have declined 2% since peaking at $205.5 billion in 2022
Ukraine rejects U.S. demand for $500 billion in mineral rights for wartime aid
U.S. provided $67 billion in weapons and $31.5 billion in budget support, far from $500 billion, without security guarantees, says Zelensky
Oil prices rise amid supply concerns in Russia and the U.S.
Brent crude futures rise 0.8% to $76.48 per barrel, while U.S. West Texas Intermediate (WTI) crude increases 1% to $72.60
Apple set to launch iPhone SE 4 today
Pre-orders are expected to begin on February 23, 2025, with deliveries starting from March 1
Elon Musk’s X in talks to raise funds at $44 billion valuation
The talk comes as Musk’s businesses rise post-Trump’s victory, with Tesla up 40%, SpaceX at $350 billion, and xAI seeking $10 billion
Apple warns UK browser rules may hurt innovation incentives
The company responds to the CMA investigation into mobile browsers, browser engine supply, and cloud gaming distribution through app stores
China criticizes Trump’s tariffs at WTO, U.S. calls Beijing’s economy ‘predatory’
The WTO General Council meeting marks the first formal discussion of rising U.S.-China trade tensions at the top decision-making body
Google agrees to pay $340 million to settle Italy tax dispute
Prosecutors alleges that Google did not file and pay taxes on revenue generated in Italy
Dollar strengthens against major currencies but slips against yen
Markets react as Trump announces new tariffs on autos, semiconductors, and pharmaceuticals amid Ukraine ceasefire talks