Category: Business

There is no question that we are all more dependent on technology than ever. So what happens when that tech does not work? In the past, Emily Dreyfuss used an old-school strategy: She yelled. When Amazon’s Alexa spat out wrong answers or misunderstood questions, Dreyfuss let the virtual assistant have it. “I used her as […]

Deutsche Bank will not do business in the future with U.S. President Donald Trump or his companies in the wake of his supporters’ assault on the U.S. Capitol, the New York Times reported. Deutsche Bank is Trump’s biggest lender, with about $340 million in loans outstanding to the Trump Organization, the president’s umbrella group that […]

Volkswagen will recall 56,000 of its bestselling Golf models to fix software problems that affect the infotainment system and reversing camera, the German company said on Tuesday. The fix affects vehicles of the most recent Golf 8 series that were made until July 2020, a spokesman said. He added the recall was not mandatory but […]

The Biden administration should expand antitrust cases against Alphabet’s Google and Facebook and encourage breaking up companies, according to a group whose founder is working with the president-elect’s transition team. The American Economic Liberties Project, an influential Washington-based anti-monopoly group, issued a report with guidance for antitrust enforcers in the next administration. The group is […]

Investors are weighing how much further a rally in value stocks can run, as expectations for greater fiscal spending under a Democrat-controlled Congress add momentum to the surging shares of companies that took a beating for most of 2020. Shares of banks, energy firms and other economically sensitive companies climbed after the Democratic party’s recent […]

Chinese electric vehicle maker Xpeng Inc said on Tuesday it has secured a credit line of 12.8 billion yuan ($2 billion) from five Chinese banks to expand manufacturing and sales. New York-listed Xpeng, which has a market value of $35 billion, said the credit facility will diversify its funding channels. The maker of the P7 […]

The International Monetary Fund said on Monday its executive board approved a disbursement to Angola of about $487.5 million after completing a fourth review of the African oil exporter’s $3.7 billion loan program. The Fund said that the COVID-19 pandemic continues to impact Angola’s economy and population, while oil production and prices remain weak. But […]