Category: Business

Jaguar Cars to Go All-Electric by 2025 as JLR Plans Full Range of E-models by 2030

LONDON—Jaguar Land Rover’s luxury Jaguar brand will be entirely electric by 2025 and the carmaker will launch e-models of its entire lineup by 2030, it said on Monday, as it joined a global race to develop zero-emission vehicles. JLR, owned by India’s Tata Motors, said its Land Rover brand will launch six pure electric models…


‘Save Our Summer!’ UK Firms Demands PM Reopen Travel by May

More than 100 British businesses in the travel industry have teamed up to launch a “Save our Summer (SOS)” campaign, calling on the government to lift travel restrictions by May to save millions of jobs in the industry. The travel firms are urging Prime Minister Boris Johnson to signal that consumers can book overseas travel…


Google Fined $1.3 Million for Misleading French Hotel Rankings

PARIS—Google has agreed to pay a fine of 1.1 million euros ($1.3 million) after French authorities concluded the search engine displayed “misleading” rankings for French hotels. Previously, Google used the official source Atout France as well as input from other hotel-industry websites in its algorithm to rank hotels from one to five stars. After receiving…


Amazon Sues NY Attorney General to Stop Virus Probe

NEW YORK—Amazon is suing the attorney general of New York in a bid to stop her from suing the company over its coronavirus safety protocols and the firing of one of its outspoken workers. In the lawsuit filed Friday in Brooklyn federal court, Amazon said Attorney General Letitia James overstepped her authority by trying to…


Mercedes Recalls Vehicles for Emergency-Call Location Error

NEW YORK—Mercedes-Benz is recalling more than 1.3 million vehicles because the software in their emergency-call systems could send responders to the wrong location after a crash. The recall comes after Mercedes-Benz learned of a crash in Europe where the automatic emergency-call system sent the wrong position of the vehicle. It began an investigation in October…


Chinese Money Pours Into Hong Kong as It Becomes a Stock Gambling Paradise

On the eve of President Joe Biden’s inauguration, the Hong Kong stock market soared as Chinese money poured in. On Jan. 19, the daily trading volume of Hong Kong stocks exceeded 300 billion Hong Kong dollars ($38.7 billion). On Jan. 21, the Hang Seng Index, which tracks the Hong Kong stock market, rose by more…


Rep. Green: Commerce Nominee Should Commit to Keeping Huawai on Blacklist

President Joe Biden’s nominee for commerce secretary should commit to keeping China-based Huawei on a blacklist that blocks it from some activities in the United States, Rep. Mark Green (R-Tenn.) said Friday. Green and other House Republicans recently urged the Senate to delay Gina Raimondo’s nomination because she refused to say Huawei would remain on…


Rep. Green: Commerce Nominee Should Commit to Keeping Huawei on Blacklist

President Joe Biden’s nominee for commerce secretary should commit to keeping China-based Huawei on a blacklist that blocks it from some activities in the United States, Rep. Mark Green (R-Tenn.) said Friday. Green and other House Republicans recently urged the Senate to delay Gina Raimondo’s nomination because she refused to say Huawei would remain on…


General Motors Settles With California for $5.75M

SACRAMENTO, Calif.—General Motors Co. has agreed to a $5.75 million settlement with California regarding false statements the company made to investors about problems with its deadly ignition switches, state officials announced Friday. The faulty ignition switches led to at least 124 fatalities and 274 injuries nationwide. The defect also resulted in the recall of more…


Biden’s $15 Minimum Wage Would Raise Childcare Costs, Hurt Families: Heritage Foundation

The author of a new study on the impact of a $15 federal minimum wage on childcare costs said that while the move will boost the incomes of some lower wage workers, it will increase childcare costs across the country by as much as 43 percent in some states. Rachel Greszler, a research fellow in…