Author: Reuters Econ

Half of China’s sales of heavy trucks could be electric vehicles by 2028, up from 10% in 2024, the chairman of battery maker CATL said on Sunday, according to a media report.

Families of some of the 346 people killed in two fatal Boeing 737 MAX crashes plan to object to a tentative nonprosecution agreement between the planemaker and the U.S. Justice Department, a lawyer said on Saturday.

The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the U.S. central bank in line with President Donald Trump’s broader efforts to streamline the federal government, according to a memo that Fed Chairman Jerome Powell sent to staff on Friday.

Meta Platforms is delaying the launch of its flagship “Behemoth” AI model due to concerns about its capabilities, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Lockheed Martin expects to be awarded a finalized contract on its F-35 jets, which have been beset by delays in a technology upgrade, sooner than it previously anticipated, the U.S. defense contractor’s finance chief said on Wednesday.

Daimler Truck , one of the world’s biggest truckmakers, cut its operating profit forecast for 2025 on Tuesday, citing heightened demand uncertainty.

Cannes Film Festival director Thierry Fremaux wants more details before discussing President Donald Trump’s proposed tariffs on films made outside the United States, he said on Monday.

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer said on Sunday they reached a deal with China to cut the U.S. trade deficit, describing “substantial progress” in high-stakes talks with Chinese officials but offering no details as two days of negotiations concluded in Geneva.

Health and wellness companies are embracing weight-loss drugs and building offerings around them in an effort to avoid the fate of WeightWatchers, which declared bankruptcy this week, citing vastly increased use of the new blockbuster medicines.

Kevin Warsh, an apparent frontrunner to be U.S. President Donald Trump’s pick to be the next chair of the Federal Reserve, on Friday suggested a possible pathway to the lower policy rates that Trump has repeatedly pressed the current Fed Chair Jerome Powell to deliver, and delivered a fresh dig at the Fed’s conduct of monetary policy.