Latest News Updates From Bloomberg News

GovernmentBusinessTechnology

Nikola Considers Bankruptcy, Capping EV Maker鈥檚 Wild Ride

Nikola Corp. is working with a law firm and financial advisers to prepare a potential Chapter 11 filing, which would protect it from creditors amid a cash crunch.

February 7, 2025
GovernmentBusinessLogisticsFor-HirePrivateGlobal Freight

Logistics Agents Put 30% Levy on Shein, Temu Retailers

Chinese retailers that sell on Shein and Temu have been asked by logistics agents to start paying an additional 30% levy after President Donald Trump hiked tariffs on goods imported to the U.S.聽

February 6, 2025
GovernmentBusinessFuel

OPEC+ Sticks to Supply Plan as Trump Seeks Oil Price Cut

OPEC+ didn鈥檛 make any changes to its existing oil production plans at a review meeting Feb. 3, even as President Donald Trump called on the group to lower crude prices.

February 3, 2025
BusinessEquipment

Renault Seeks Takeover Premium From Honda for Nissan Stake

Renault SA wants a premium for its stake in Nissan Motor Co. if Honda Motor Co. takes over control of the rival Japanese automaker, according to people familiar with the matter.

January 29, 2025
GovernmentBusinessFuel

Oil Traders Expect OPEC+ to Stick With Supply Plan Next Week

Oil traders expect OPEC+ to stick with its current supply policy at a review meeting next week, resisting pressure from President Donald Trump to open the taps and bring down crude prices.

January 27, 2025
BusinessEquipment

Nissan Plans Cuts Without Resorting to Plant Closures

Nissan plans to repair its flailing business without closing factories, according to people familiar with the matter, as it looks to streamline its finances before a capital tie-up with Honda.

January 27, 2025
GovernmentBusiness

New Jersey's Murphy Asks Trump to Review Congestion Pricing

New Jersey Gov. Phil Murphy called on President Donald Trump to help fight New York City鈥檚 congestion pricing program and revisit the studies used by federal agencies to approve the toll.

January 23, 2025
BusinessEquipment

Nissan to End Production of Compact Van

Nissan Motor Co. will stop making its AD compact van in November to pare back excess production as Honda Motor Co. prepares to fold the flailing carmaker into its business.

January 21, 2025
GovernmentBusinessTechnologyEquipmentSafety

Burning Teslas in L.A. Add to Toxic Mix Hindering Cleanup

As the smoke clears from devastating Los Angeles wildfires, efforts to clean up the affected areas are being complicated by burnt-out electric and hybrid vehicles.

January 17, 2025
GovernmentBusinessFuel

Trump Team Readies Oil Sanctions Plan for Russia Deal

Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months.

January 16, 2025