US State Dept walks back purported $400 mn Tesla contract
The US State Department backtracked Thursday on a document saying it would award $400 million for electric armored cars by Tesla, whose chief Elon Musk has been aggressively slashing government spending on behalf of President Donald Trump.
Read more
Ubisoft revenue drops after game flops, 'Assassin's Creed' delays
A run of new-release flops and the delay of the latest “Assassin’s Creed” instalment sent revenue at French games giant Ubisoft plunging in its third quarter, the company reported Thursday as it continues to weigh its future.
Read more
Turkey fines Adidas $15,000 for pigskin shoes
Turkey has hit German sporting equipment giant Adidas with a fine of more than $15,000 for failing to inform customers that one of its flagship shoe models contained pigskin.
Read more
Swiatek, Alexandrova advance to Doha semi-finals
Three-time defending champion Iga Swiatek advanced to the semi-finals of the WTA Qatar Open on Thursday with a straight sets win over last year's runner-up Elena Rybakina.
Read more
Lower division USL plans rival to MLS
The lower division United Soccer League (USL) says it plans to create a top-flight rival to Major League Soccer by launching a new division in 2027-28.
Read more
What next for Honda and Nissan?
Honda and Nissan on Thursday announced the scrapping of merger talks that would have created the world's third-biggest auto company by unit sales behind Toyota and Volkswagen.
Read more
Sexual violence against children soars in DR Congo: UNICEF
Rape and other violence against children in the eastern Democratic Republic of Congo has soared to unprecedented levels, the head of the United Nations children's agency warned Thursday.
Read more
Japan's Honda and Nissan scrap merger talks
Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks that would have created the world's third-largest automaker by unit sales.
Read more
Vaccine critic RFK Jr. confirmed as health secretary
The Republican-controlled US Senate approved Robert F. Kennedy Jr. as health secretary Thursday, disregarding alarm from the medical community over his history of promoting vaccine misinformation and denying scientific facts.
Read more
German sports carmaker Porsche to cut 1,900 jobs
Sports car manufacturer Porsche said Thursday it will axe 1,900 jobs after sales slumped in China and amid a tricky shift to electric vehicles, the latest blow for Germany's stalling auto sector.
Read moreIn The News
