A $7,500 tax incentive for buyers of electric vehicles is critical for General Motors as it ramps up production in the EV market. But some government officials are hesitant to continue funding the incentive, especially in the aftermath of GM's massive layoff.
Female inmates dressed as guards pose for a photo during Nelson Hungria Prison's annual Christmas event for inmates and jail staff in Rio de Janeiro on Dec. 13. Inmates serving time for offenses from burglary to homicide spent weeks decking out their cell blocks with handmade Christmas decorations and planning Bible-related p...
The CFO of Huawei Technologies is facing extradition to the US after allegedly violating terms of sanctions on Iran. The move comes as delicate negotiations proceed between the US and China to avert a continued trade war.
Qatar will leave the world's largest consortium of oil producing countries in a bid to expand natural gas and oil drilling even as oil prices remain low. The departure signals a completion of the political and diplomatic rift between Qatar and the dominant member of OPEC, Saudi Arabia.
As ‘Giving Tuesday’ arrives, it’s a good time to think about charitable donations. Increasingly, average givers are focusing on the effectiveness of organizations they might support.
The largest automaker in the US, General Motors, announced Nov. 26 that it would cut as many as 14,000 workers in North America. The cuts affect both white- and blue-collar workers, and underscore a major restructuring for the automaker as it prepares for the future.
The Dow Jones Industrial Average dropped 600 points on Nov. 20 as tech companies and retailers face losses and an oil surplus pushed barrel prices lower. The global economy shows signs of weakening, with the US, China, and Europe facing potential slowdowns.
Carlos Ghosn, who serves as chairman for both Renault and Nissan, was arrested in Japan on Nov. 19 for alleged financial improprieties. Analysts say this could strain the nearly 20-year-old Renault-Nissan alliance, which collectively represents one of the world's largest automakers.