BEIJING (Reuters) - Chinese electric vehicle maker BYD unveiled the U7, its third ultra-luxury model under the Yangwang brand, on Thursday, as it makes a push upmarket to increase profitability amid an intensifying price war.
Last year, BYD added the Yangwang brand to its stable with an SUV and sports car priced over 1 million yuan ($138,009).
(Reporting by Yelin Mo and Brenda Goh; Editing by Kim Coghill)
Fraud alleged to have impacted upwards of 500 public companies, according to Securities and Exchange Commission
The start-up of LNG Canada, the country's first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said. Shell-led LNG Canada has begun testing its C$40-billion British Columbia terminal ahead of commercial operations starting in mid-2025. The terminal will process up to 2 billion cubic feet per day (bcfd), representing 11% of current Canadian gas output.
David Kirsch, 64, is hoping to live comfortably in retirement — but he isn't sure his savings and Social Security will cover his living expenses.
Red Lobster, the poster child for American seafood, was dragged down by corporate mismanagement, competition and consumer shifts.
(Bloomberg) -- The Securities and Exchange Commission accused the auditor of Donald Trump’s social-media company of massive fraud affecting hundreds of companies and more than 1,500 regulatory filings.Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineThe World’s Hunger for Salmon Is Linked to an Ecological DisasterG-7 Eyes Plan on US-Led $50 Billion Aid Package for UkraineApple Rallies Most in 18 Mo
TORONTO — Ontario is set to clamp down on bad employers with big fines. Labour Minister David Piccini says his government will introduce legislation next week that will see fines increased for violations of the Employment Standards Act. Piccini says he is sending a message to "bad actor" employers there will be more severe consequences for exploiting workers. They are looking to stamp out organizations that fail to pay wages, penalize employees for taking pregnancy or parental leave, and have un
The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump’s media company. The SEC charged the accounting firm BF Borgers and its owner, Benjamin F. Borgers, with “deliberate and systematic failures” in more than 1,500 audits. To settle the SEC charges, BF Borgers agreed to pay a $12 million fine while its owner agreed to pay a fine of $2 million, according to the SEC.
The makers of Ozempic say their weight-loss drug Wegovy will be available to Canadians as of Monday, May 6. Joe Scarpelli has this story and more in Health Matters for May 2, 2024.
CALGARY — Canadian pipeline operator TC Energy Corp. achieved record deliveries on its natural gas pipeline systems in the first quarter, thanks to booming North American electricity demand. The Calgary-based company said Friday its comparable earnings from its Canada, U.S. and Mexico natural gas segments amounted to $2.37 billion in the first three months of 2024, up from $2.18 billion in the same period of 2023. The company said deliveries on its NGTL system, which transports natural gas from
Henrik Fisker stood on a stage last August and proudly debuted two prototypes designed to catapult his eponymous EV startup Fisker into the mainstream. There was the Pear, a low-cost EV meant for the masses, and the Alaska, Fisker’s entry into the red-hot pickup truck market. In the weeks that followed, Fisker stopped paying the engineering firm that helped develop those vehicles, according to a previously unreported lawsuit filed in federal court this week.
Depending on which stage you're at in life, you may either be thinking very carefully about retirement or not worrying much about it at all. The financial experts, however, warn that you always should...
58% would choose to pay more for items and services to support a small business
It's been a mediocre week for Acadia Healthcare Company, Inc. ( NASDAQ:ACHC ) shareholders, with the stock dropping 10...
The CEO of Canadian miner Hudbay Minerals said BHP Group's $39 billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a premium to buy existing copper mines. Hudbay expects to launch a formal sale process for a minority stake in its Arizona Copper World project in the United States later this year after already holding talks with companies. BHP offered to buy Anglo last week, though Anglo rejected the proposal that would create the world's biggest copper miner, saying it undervalues the company.
Your finances must adjust to your circumstances many times during your life, but shifting from your working years to your retirement years may bring about the most dramatic change. After all, you go...
These days, Bruce Woodrow gets most of his groceries at one of two places: Costco, and a small grocery co-operative nestled in an alley in the heart of Toronto. The retired lawyer — along with many Canadians over the past couple of years — had been growing more concerned with the grocery industry and the profits it was turning as food prices climbed. Woodrow joined Karma Co-op as a member last spring and now volunteers on the store's finance committee. "The money, I know, is going to make an ope
(Bloomberg) -- Oil posted its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East, while traders continued to weigh the outlook for interest-rate cuts. Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineThe World’s Hunger for Salmon Is Linked to an Ecological DisasterG-7 Eyes Plan on US-Led $50 Billion Aid Package for UkraineApple Rallies Most in 18 Months o
Ford stock is having a good day, for a few reasons. Thursday, Citi analyst Itay Michaeli raised his Ford price target to $18 from $16 after spending time with the company. “Management conveyed a confident tone,” wrote Michaeli.
WASHINGTON (AP) — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Friday’s government report showed that last month’s hiring gain was down sharply from the blockbuster increase of 315,000 in March. And it was well below the 233,000 gain that economists had predicted for April. Yet the moderation in the pace of hiring, along with a slowdown last mon
Last week saw the newest quarterly earnings release from National Fuel Gas Company ( NYSE:NFG ), an important milestone...
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