BUSINESS

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Boeing concluded a challenging 2024 with a substantial $3.9 billion fourth-quarter loss, attributed in part to a seven-week labor strike that disrupted production. Despite these setbacks, the company's stock rose on investor confidence in new CEO Kelly Ortberg's turnaround strategy. Boeing officials have indicated their intention to ramp up 737 MAX production and clear existing inventory during 2025, expecting this to positively impact free cash flow.

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Apple faces a lawsuit alleging its smartwatch bands contain high levels of toxic "forever chemicals," or PFAS, linked to severe health risks. The lawsuit, filed in the Northern District of California, focuses on the Sport Band, Ocean Band, and Nike Sport Band, which are reportedly made from fluoroelastomer, a material resistant to sweat and oils. Plaintiffs claim Apple concealed the presence of PFAS in these bands, violating consumer protection laws.
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Samsung Electronics has unveiled its latest Galaxy S25 smartphone series, signaling a bold strategic pivot to reinvigorate its competitive position in the global mobile market. The new lineup, powered by Qualcomm's advanced chips and Google's Gemini AI engine, represents the company's most ambitious attempt to leverage artificial intelligence as a key differentiator.
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Tesla and BMW have filed lawsuits against the EU's executive body over recently imposed tariffs on electric vehicles manufactured in China, challenging the trade policies. The legal action, filed with the EU's General Court last week, marks an escalating tension between major automotive manufacturers and European regulators.
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MANSORY, the well-renowned German luxury car modification firm, has now brought into view a six-wheeled behemoth, the “MANSORY Gronos 6x6,” based on the Mercedes-Benz G-Class (W463A). It is limited to a run of just 10 units worldwide and heaves off-road capability and luxury to hitherto unseen levels.

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In a deal that could make even the most hardened defense analyst crack a smile, the UK Ministry of Defence has agreed to a record-breaking £9 billion contract with Rolls-Royce, the automotive company turned nuclear powerhouse. This deal, dubbed "Unity," isn't just about powering up submarines, it's about revamping Britain's defense sector and ensuring our submarines don't run on last season's batteries.

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Huawei is making a strategic pivot in China's artificial intelligence chip market, targeting Nvidia's stronghold by focusing on inference processing rather than model training. The Chinese tech giant is positioning its Ascend AI processors as the preferred choice for companies running inference tasks - the computational process where AI models generate responses to prompts.
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  2. APPLE LOSES TOP SPOT IN CHINA
  3. BP SLASHES OVER 7,700 JOBS GLOBALLY IN $2BILLION COST-REDUCTION STRATEGY
  4. SEC SUES ELON MUSK FOR DELAYED TWITTER DISCLOSURE, ALLEGEDLY ACQUIRING SHARES AT ARTIFICIALLY LOW PRICE
  5. ROLLS-ROYCE INVESTS $371 MILLION TO EXPAND UK PLANT AMID GROWING DEMAND FOR BESPOKE CARS
  6. IPHONE DISCOUNTS IN CHINA
  7. TESLA SALES SLOW AS EV COMPETITION INTENSIFIES
  8. OIL PRICES CLIMB ON CHINA'S ECONOMIC OPTIMISM AS INVESTORS RESUME BUSINESS
  9. ALIBABA MAKES A $1.3 BILLION LOSS AFTER SELLING INTIME DEPARTMENT STORE
  10. META UNVEILS LIVE AI, TRANSLATIONS, AND SHAZAM ON RAY-BAN SMART GLASSES: EARLY ACCESS REQUIRED FOR SELECT FEATURES
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