BUSINESS

US Auto Sales Boosted By Price Cuts In 2023

Industry experts estimate around 15.5 million vehicles were delivered in the United States in 2023
US vehicle sales got a boost from strong demand in 2023, due in part to attractive offers by automakers and dealers in the face of high interest rates and stubborn inflation.

Ford US Vehicle Sales Neared Two Million In 2023

Ford vehicle sales were up 7.1 percent year-on-year in 2023
Auto giant Ford sold almost two million vehicles in the United States last year, the company said Thursday, buoyed by accelerating electric vehicle sales and continued growth in internal combustion engine trucks.
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Huawei has been at the centre of an intense standoff between China and the United States

China's Huawei Says Expects Revenue Up Almost 9% In 2023

Chinese tech giant Huawei said Friday it "weathered the storm" of US sanctions as it announced a rise of almost nine percent in revenues in 2023, a year that saw it shock Washington with the release of a high-end smartphone.
There was positive news in the Chinese tech sector on Friday, with Huawei saying it expected 2023 revenue to grow by nine percent, despite continuing US sanctions

Asian Stocks Mixed On Year's Last Trading Day

Asian stocks were mixed on Friday, with no major movers on the last trading day of the year, closing out a period that has seen gains boosted by investors' expectations of a US Federal Reserve rate cut as early as March.
Apple Watch Ultra 2 devices are displayed for sale in Los Angeles

Apple To Appeal US Watch Ban

Apple said on Tuesday it will appeal a US ban on its latest smartwatch models after the Biden administration opted to not veto a ruling on patent infringements.
Argentine President Javier Milei (C) delivered his speech to the nation from the Casa Rosada presidential palace in Buenos Aires, flanked by his cabinet

Argentina's Milei Orders Major Deregulation Of Economy

Argentina's new leader Javier Milei unveiled Wednesday a series of measures to deregulate the country's struggling economy, eliminating or changing more than 300 rules via presidential decree, including on rent and labor practices.
When other developers settled with Google, Epic's CEO Tim Sweeney stuck to his guns, repeating his demand that Google open up Android smartphones to other modes of payment, and without charging a hefty commission

Big Tech Stumbles In Google's Epic Defeat

Google' stinging defeat against Fortnite-maker Epic Games in a California courtroom could be an important blow against big tech's decades of supremacy on antitrust matters in the United States.
The US Fed is widely expect to hold rates again on Wednesday

US Fed Pause Expected Amid Flurry Of Rate Decisions

With a pause deemed extremely likely, attention is on the language of the Fed's decision, along with its accompanying economic forecasts, and the post-meeting press conference by Fed Chair Jerome Powell.
South Africa's Eskom to reduce power cuts but long-term outlook bleak

Eskom To Appoint Dan Marokane As New CEO: Report

The search for the new Eskom CEO started last year when former CEO Andre de Ruyter resigned abruptly from his post in February 2022 and alleged that members of the energy company were involved in corruption.

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