Latest News Updates From Bloomberg News

BusinessTechnology

China鈥檚 CATL Unveils Battery Designed for Hybrid Vehicles

China鈥檚 Contemporary Amperex Technology Co. on Oct. 24 unveiled a new battery designed for hybrid vehicles in an effort to wean more drivers off gasoline-guzzling cars.

October 24, 2024
BusinessEquipment

Auto Supplier Dana Exploring Sale of Off-Highway Unit

Dana Inc. is exploring a sale of its off-highway business, people familiar with the matter said, as the automotive supplier responds to sluggish demand in its key markets.

October 18, 2024
BusinessLogisticsTop 100

GXO Considering Sale Amid Interest From Potential Buyers

The Greenwich, Conn.-based company is working with financial advisers, said sources who asked not to be identified because the details aren鈥檛 public.

October 11, 2024
BusinessTechnologyAutonomous

Tesla to Finally Roll Out Robotaxi Tonight

When Elon Musk finally unveils autonomous taxi prototypes late Oct. 10, the Tesla CEO will have a lot to prove.

October 10, 2024
BusinessTechnology

Northvolt Unit Files for Bankruptcy as Expansion Plan Halted

Northvolt AB sought bankruptcy protection for one of its units in a bid to limit the financial fallout from the troubled battery maker鈥檚 now-halted expansion in northern Sweden.

October 8, 2024
BusinessTechnology

Continental Picks Goldman, JPMorgan for Car Parts Spinoff

Continental AG has lined up banks to help with the separation of its struggling car parts business, moving ahead with the plans despite recalls related to faulty braking systems it supplied.

October 8, 2024
BusinessLogisticsGlobal Freight

Global Shipping Stocks Sink After Dockworkers Pause Strike

Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.

October 4, 2024
GovernmentBusinessLogistics

Businesses Weigh Fallout From Dockworkers Strike

As day one of the dockworkers strike unfolded, economists were trying to quantify the damage from the supply chain disruption caused by the closure of 36 ports.

October 2, 2024
BusinessFuel

Oil Flows Slump for Fourth Straight Month

The seaborne flow of oil fell for a fourth straight month in September on the back of hefty declines from Libya, where a political row spilled over into supply disruptions.

October 2, 2024
GovernmentBusinessSafety

Helene Leaves Flooded Farms, Fouled Rivers, Dozens Dead

As historic floodwaters unleashed by Hurricane Helene recede across the Southeast, the region faces a humanitarian, economic and ecological crisis of staggering scope.

October 2, 2024