Loaded containers stacked on top of a cargo ship sailing in a canal on Janvier 20, 2017 in Suez Canal, Red sea, Egypt. Camille Delbos | Corbis News | Getty Images So far, shippers have diverted about more than $30 billion worth of cargo away from the Red Sea as they face the threat of … Read more
The Nio ET7 is already one of the highest-range electric vehicles available globally, with its 100-kWh battery pack option giving the large Chinese sedan a range of 435 miles on the European NEDC cycle (which is more optimistic than the EPA cycle). Now the ET7 is offered with a huge 150-kWh semi-solid-state battery pack, and … Read more
The Grinch Source: Universal Studios It’s human nature for a new year to bring optimism and hope. For executives, investors and employees in the entertainment and telecommunications industries, 2024 is set to disappoint. Maybe that’s too grinchy. Some things will get better. The actors’ and writers’ strikes are over. The 2024 U.S. presidential election should … Read more
Jessica Vincent had just started surveying the shelves of a Virginia thrift store when a vase caught her eye. It was shaped like a bottle and had ribbons of color, aqua green and amethyst purple, that spiraled up its glass surface like stripes of paint. The piece looked old amongst the clutter of measuring cups, … Read more
Insurer RACQ will pay a $10 million fine for potentially misleading customers about pricing discounts on certain types of insurance cover. The Federal Court found RACQ sent out misleading product disclosure statements on at least five million occasions between March 2017 and March 2022. Roughly 458,746 customers missed out on an estimated $86,476,339 in discounts … Read more
Igor Golovniov | LightRocket | Getty Images Enphase Energy will lay off 10% of its global workforce as part of a restructuring plan, the solar company disclosed in a regulatory filing on Monday. Enphase manufacturers microinverters that convert solar energy into usable electricity. The company’s stock is down 53% this year as high interest rates … Read more
Nikola founder Trevor Milton was sentenced Monday to four years in prison in connection to defrauding investors of the embattled electric- and hydrogen-powered truck maker. Milton also was fined $1 million and could later be forced to forfeit property as part of his sentence. The punishment was far lower than the 11 years prosecutors had … Read more
The Airbus A380 made its first commercial flight in 2007. When it debuted, it overtook the long-reigning Boeing 747 as the world’s biggest passenger plane. It has four engines and is a full double-decker that can carry more than 800 people depending on an airline’s cabin layout. The plane’s large number of seats was seen … Read more
Northern Territory Chief Minister Natasha Fyles has resigned, eight months out from an election. Fyles, 45, held a snap press conference on Tuesday where she confirmed her intention to step down as chief minister and health minister. She said she had made an oversight and did not declare a share parcel, which came about after … Read more
George Frey | Bloomberg | Getty Images Weight loss drugs exploded into the public eye this year, and 2024 will bring more change to the evolving market. The drugs skyrocketed in popularity in 2023 as they helped patients shed significant weight, despite hefty price tags, mixed insurance coverage and a handful of unpleasant side effects. … Read more
