BUSINESS
Japan's top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy U.S. Steel, which it expects to boost output and profits, the company said on May 9, despite resistance to the transaction in the United States. In December, Nippon Steel offered nearly $15
AirBnB to Exit China After Repeated ‘Zero-COVID’ Lockdowns
As Chinese authorities double down on “zero-COVID” policies, Airbnb has decided to close down its business...
Tesla Continues to Grapple With Shanghai Lockdown Under ‘Closed Loop System’
As China continues its crushing lockdown of Shanghai, an increasing number of businesses are reporting...
US Credit Card Spending Is Way, Way Up
In March, U.S. credit card debt reached a record-high $52.4 billion, a trend that is supporting consumer...
Synthetic Biology: The New Paradigm of Genetic Engineering
Synthetic biology, a technology field that can be thought of as genetic engineering on steroids, promises...
China Points to Regulatory Easing After Tech Meeting, But Analysts Warn it Won’t Be That Simple
On May 17, Chinese officials met with some of the country’s most prominent tech executives amid a year-long...
Elon Musk and Joko Widodo Meet to Discuss Possible Investments in Indonesia
On Saturday, May 14, Indonesian President Joko Widodo met with Tesla CEO Elon Musk in Texas to discuss...
Twitter a Workplace Where Hires ‘Become Commie,’ Project Engineer Says in Undercover Video Interview
The newest object of Elon Musk’s attention, Twitter, “does not believe in free speech” under the outgoing...
The Cost to Hire a Trucker Is Crashing, but It’s the Busiest Time of Year
The market to contract a small trucking operation to carry goods is crashing despite this being the busiest...
COVID Lockdowns Cut 98% of Tesla’s April China Sales, Production Also Hard-Hit
As China continues implementing citywide lockdowns in Shanghai and Beijing in order to uphold its “zero-COVID...