California has surpassed its goal of selling 1.5 million electric vehicles (EVs), long before its predicted 2025 year mark, according to a report from nonprofit organization Veloz. David Hochschild, chair of the California Energy Commission (CEC) and Veloz public policy board, says this milestone is accelerating electric transportation to spread across the state and the United States. “For…
California Electric Vehicle Sales Skyrocket Beyond 2025 Goal
April 27, 2023
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all electric vehiclesBusiness & MarketsCaliforniaCalifornia Energy CommissionCalifornia Gov. Gavin NewsomCompanieseconomic policiesenergyenviromental changeRegional & State NewsState NewsUS
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Mattell Launches First Barbie Doll With Down Syndrome
American toymaker Mattel has unveiled its first-ever Barbie doll representing a person with Down syndrome as part of its efforts to be more inclusive. In a press release unveiling the new doll, Mattel said it hopes the new addition will “allow even more children to see themselves in Barbie” and “inspire all children to tell more stories…
Mattell Launches 1st Barbie Doll With Down Syndrome
American toymaker Mattel has unveiled its first-ever Barbie doll representing a person with Down syndrome as part of its efforts to be more inclusive. In a press release unveiling the new doll, Mattel said it hopes the new addition will “allow even more children to see themselves in Barbie” and “inspire all children to tell more stories…
Deutsche Bank to Cut 800 Jobs After Strong 1st Quarter
April 27, 2023
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Business & MarketsCompaniesDeutsche Bankeconomic policieseconomyEuropeinflationInternationallayoffsMarketsrecessionresultsstocksWorld
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FRANKFURT—Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland. The…
Oil Prices Stabilize After Hefty Losses
April 27, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices were steady on Thursday after a price drop the previous day reversed the supportive impact of a surprise OPEC production cut announced this month. Brent crude was trading at $77.72 a barrel, up 3 cents, or 0.04 percent, by 1033 GMT, while U.S. West Texas Intermediate crude rose 1 cent or 0.01 percent…
Stock Market Today: Global Shares up Ahead of US GDP Update
April 27, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
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TOKYO—Global shares were mostly higher Thursday ahead of the release of data that are expected to show the world’s biggest economy slowing in the first quarter of the year. Shares rose in Paris, Frankfurt, Tokyo, Hong Kong, and Shanghai but fell in London and Sydney. U.S. futures and oil prices were higher. The U.S. economy…
‘It’s Political:’ DeSantis Denounces Disney Lawsuit
April 27, 2023
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Business & MarketsCompaniesFloridalawsuitMedia & Big TechPoliticsRegional & State NewsRegional NewsRepublicansron desantisState NewsUSUS NewsWalt Disney
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Florida Gov. Ron DeSantis on Thursday reacted to a lawsuit brought against him by Disney, describing it as a political move that lacks merit, while accusing the company of lacking accountability and transparency. DeSantis made the remarks during a press conference in Israel, where he faced questions on the lawsuit, the latest move by Disney…
DeSantis Breaks Silence on Disney Lawsuit
April 27, 2023
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Business & MarketsCompaniesFloridalawsuitMedia & Big TechPoliticsRegional & State NewsRegional NewsRepublicansron desantisState NewsUSUS NewsWalt Disney
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Florida Gov. Ron DeSantis on Thursday broke his silence on a lawsuit brought against him by Disney, describing it as a political move that lacks merit, while accusing the company of lacking accountability and transparency. DeSantis made the remarks during a press conference in Israel, where he faced questions on the lawsuit, the latest move…
Labor Government Buys Radar Defence Firm to Safeguard Tech Supply Chain
April 27, 2023
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AustraliaBusiness & MarketsChinaChina-Australia RelationsCompaniesInternationalInternational RelationsmilitaryradarRichard MarlesWorld
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The Australian government will buy defence radar system manufacturer CEA Technologies, in a move Defence Minister Richard Marles says will safeguard the supply chain for radar technologies. CEA has operated for 40 years, has over 600 staff, and develops cutting-edge radar systems for major naval vessels. From July 2023, the Commonwealth will hold a non-controlling…
Uber Drivers Are Not Interstate Workers Exempt From Arbitration, US Court Rules
Uber Technologies Inc. drivers are not exempt from a U.S. law requiring them to bring work-related legal disputes in private arbitration rather than joining class action lawsuits in court, a U.S. appeals court ruled on Wednesday. A panel of the Philadelphia-based 3rd U.S. Circuit Court of Appeals said that Uber drivers do not qualify for…
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