Automotive

Mercedes sketches out all-electric scenario by decade's end

Daimler AG's luxury car brand Mercedes-Benz says it is stepping up its transition to electric cars, doubling the share of sales planned by 2025 and sketching out a market scenario in which new car sales would "in essence" ...

Automotive

Ford recalls 775,000 Explorer SUVs

Ford announced Friday it is recalling about 775,000 Explorer vehicles due to a problem in the rear of the car that can reduce steering control and increase crash risk.

Automotive

Opel to be 100% electric in Europe by 2028: CEO

German carmaker Opel said Thursday that it would stop producing cars with internal combustion engines in Europe by 2028, one of the most ambitious greening targets in the accelerating shift to electric vehicles.

Business

UK to regulate streaming giants in media shake-up

The British government on Wednesday announced plans to subject online streaming platforms to tighter regulation as part of a wider shake-up of the country's media landscape.

Business

Cathay Pacific reports first-half loss of US$1.27 billion

Hong Kong carrier Cathay Pacific said Wednesday it lost HK$9.9 billion (US$1.27 billion) in the first half of this year as the coronavirus pandemic sent passenger numbers tumbling, eviscerating its business.

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