Automotive

Vietnam's VinFast struggles to sell electric cars at home

Vietnam's VinFast has grand ambitions of selling its electric vehicles in the United States and Europe to compete with the likes of Elon Musk's Tesla, but it is struggling to find buyers for its cars at home.

Automotive

Brazil's Embraer to start building flying taxis

Brazilian aeronautics company Embraer and its urban mobility subsidiary Eve said Thursday they would build a factory near Sao Paulo to manufacture flying taxis that could take off as soon as 2026.

Business

Philips cuts 6,000 jobs after sleep device recall

Embattled Dutch medical tech maker Philips said Monday that it would slash 6,000 more jobs worldwide in a bid to restore profitability after a massive recall of faulty sleep respirators.

Business

Ryanair rebounds into profit as bookings soar

Ireland's Ryanair flew back into profit in the final three months of 2022 as travelers flocked to budget airlines during Europe's cost-of-living crisis.

Business

Baidu revenue up 2% amid cost-cutting drive

Chinese internet giant Baidu reported on Tuesday third-quarter revenues of 32.5 billion yuan ($4.6 billion), representing a year-on-year increase of 2 percent.

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