Business

Shares of Facebook parent Meta plunge 23% on lower profits

Newly renamed Meta is investing heavily in its futuristic "metaverse" project, but for now, relies on advertising revenue for nearly all its income. So when it posted sharply higher costs but gave a weak revenue forecast ...

Automotive

VW and Bosch join forces to rev up automated driving

Car giant Volkswagen and parts supplier Bosch have embarked on an "extensive partnership" to bring automated driving to the mass market by next year, the German companies said on Tuesday.

Business

Security scanners across Europe tied to China govt, military

At some of the world's most sensitive spots, authorities have installed security screening devices made by a single Chinese company with deep ties to China's military and the highest levels of the ruling Communist Party.

Automotive

Tesla's market value tops $1T after Hertz orders 100K cars

Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation's increasing commitment to EV technology.

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