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VW Managers to Take Combined €300 Million Pay Cut, Reports Local Newspaper
Volkswagen (VW) is set to implement significant salary reductions for its managers, with a combined…
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BYD Accused of Bringing Hundreds of Chinese Workers to Brazil on Irregular Visas, Says Inspector
BYD, the Chinese electric vehicle and battery manufacturing giant, is facing allegations of bringing hundreds…
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IBM and GlobalFoundries Settle Lawsuits Over Contract Dispute and Trade Secrets
IBM and GlobalFoundries have reached a settlement in their ongoing legal battle over breach of…
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Meta Appoints Republican Joel Kaplan to Lead Global Policy Team, Replacing Nick Clegg
Meta Platforms Inc. has announced the appointment of Joel Kaplan, a former senior official in…
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Apple’s China Troubles Mount as Foreign Phone Sales Decline for Fourth Consecutive Month
Apple Inc. is facing growing challenges in China, one of its most critical markets, as…
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Tesla Annual Deliveries Fall for First Time as Incentives Fail to Drum Up Demand
Tesla Inc. has reported a significant drop in its annual deliveries for the first time…
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Tesla’s China Sales Hit Record High in 2024, Bucking Global Decline
Tesla Inc. achieved record-breaking sales in China in 2024, defying a global slump in electric…
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BioNTech Enters Settlement with US Agency and UPenn Over COVID Vaccine Royalties
In a landmark deal, BioNTech has reached a settlement with the U.S. Department of Health…
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US Legal Industry’s Retreat from China Gained Momentum in 2024
In 2024, a growing number of U.S.-based law firms scaled back or exited their operations…