Automotive

Stellantis says easing chip crunch boosts sales

Stellantis, the world's fourth-largest automaker, said Wednesday that an easing shortage of semiconductor supplies helped drive sales in the first quarter, as more vehicles could be delivered to buyers.

Automotive

Volvo's shares up after record first quarter profits

Volvo Group's shares were up seven percent Wednesday after the Swedish truck-maker posted record first-quarter earnings, in a sign of an easing of supply chain disruptions and high costs that have plagued the auto industry.

Energy & Green Tech

UK start-up behind algae-based packaging bids for Earthshot glory

A British start-up founded by two ex-students from France and Spain, crafting biodegradable packaging from marine plants, is aiming to seal royal approval this week when Prince William unveils his latest Earthshot prizes.

Internet

Google's ad sales slow dramatically, eroding parent's profit

Summertime revenue growth at Google's corporate parent slipped to its slowest pace since the pandemic jarred the economy more than two years ago, with advertisers clamping down on spending and bracing for a potential recession.

Business

Elon Musk probed in US over stock trades: report

US market regulators are probing whether Tesla boss Elon Musk and his brother violated insider trading rules in connection with whopping share sales last year, the Wall Street Journal reported Thursday.

Business

'Sold by Amazon' program ends following state investigation

Amazon will end its "Sold by Amazon" program after an investigation by Washington state's attorney general found it was anticompetitive and violated antitrust laws, according to court documents filed Wednesday.

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