Luxury car manufacturer Jaguar has unveiled a new logo and branding ahead of its relaunch as an electric-only brand. The British vehicle maker, owned by Tata Motors, will launch three new electric cars in 2026, having taken new cars off sale more than a year ago to focus on reinventing the brand. As part of … Read more
US media giant Comcast is set to spin off its NBCUniversal cable television arm, as the industry continues to struggle with the emergence of streaming giants like Netflix and Amazon Prime. The BBC understands that the plan – set to be announced on Wednesday – is to create a new company that will include channels … Read more
Comcast is moving forward with plans to spin off its NBCUniversal cable television networks including MSNBC and CNBC, sources say, shedding a once core part of the business that has been a casualty of the streaming video revolution. The company last month told investors it was evaluating hiving off its cable networks into a separate company owned by … Read more
NEW YORK — Jersey Mike’s, the quickly expanding sandwich chain, is being acquired by asset management giant Blackstone. In the transaction announced Tuesday, private equity funds managed by Blackstone will be used to acquire majority ownership of Jersey Mike’s. The deal is “intended to help enable Jersey Mike’s to accelerate its expansion across and beyond … Read more
Nvidia and other tech companies pulled U.S. stock indexes higher after they stumbled in the morning on worries about escalations in the Russia-Ukraine war. The S&P 500 rose 0.4% Tuesday. The Nasdaq composite also erased an early loss to turn 1% higher, while the Dow Jones Industrial Average slipped 0.3%. Nvidia rallied ahead of its … Read more
WASHINGTON — A congressional panel has recommended that the U.S. toughen its trade relationship with Beijing, pushing to roll back a nearly 25-year-old decision that helped bring about China’s rapid economic growth but that many in Washington now see as hurting U.S. interests. In its annual report to Congress released Tuesday, the U.S.-China Economic and … Read more
LA PAZ, Boliva — Last year, then-presidential candidate Javier Milei declared Argentina would not “make deals with communists” in China or Brazil, calling their leaders “murderers” and “thieves” in a bid to channel the populist energies of Donald Trump and other global far-right icons into a winning political message. But Tuesday, President Milei found himself … Read more
TOKYO — Japan racked up a trade deficit in October for a fourth straight month as a weak yen and the rising price of energy kept import costs high. The trade deficit, which amounts to a nation’s imports subtracted from its exports, totaled 461 billion yen ($3 billion) in red ink last month, the Finance … Read more
HONG KONG — The landmark national security trial of prominent Hong Kong activist publisher Jimmy Lai resumes Wednesday, with the founder of the now-shuttered pro-democracy newspaper Apple Daily expected to testify in his defense soon. Lai was arrested in 2020 during a crackdown on mass pro-democracy protests that rocked Hong Kong starting in 2019. He … Read more
SACRAMENTO, Calif. — Voters in California have rejected a ballot measure that would have raised the state minimum wage to $18 per hour by 2026, the highest in the country. Opponents, including the California Chamber of Commerce, said it would have increased costs, led to higher taxes and pushed businesses to cut jobs. “With the … Read more