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'The war room': Israeli tech workers band together in hostage search
It looks like any other scrappy Tel Aviv tech start-up, with staff in hip clothing huddled around laptops and downing espressos, but they are the volunteers in a "war room" assembled to help Israel bring home the hostages. "We are a civilian war room.
Siemens Energy seeks state help as wind unit crisis deepens
Siemens Energy said Thursday it was in talks with the German government about receiving financial help as it battles problems in its wind power unit, sending the firm's shares crashing.
Japan show provides glimpse of robots as future of rescue efforts
With a drone camera, a survivor is spotted in the rubble. "My idea is to help people such as firefighters with my machines," Izu, 61, told AFP. It was Attraclab that co-developed the small delivery robot squeezing through the cardboard rubble at the Japan Mobility Show and designed the remote-control stretcher on wheels or tracks.
Mercedes profits fall due to lower sales
German carmaker Mercedes-Benz said Thursday that its profits fell in the third quarter due to a drop in vehicle deliveries amid shortages of some parts. Revenue fell 1.4 percent to 37.2 billion euros, partly because passenger car sales were around five percent lower in the quarter due to a shortage of some parts.
Stocks slide, oil holds gains on Middle East, economy concerns
Asian stocks sank Thursday, tracking a retreat on Wall Street fuelled by a surge in US Treasuries and worries over a possible escalation of the Middle East crisis, which also helped oil hold the previous day's rally. A plunge in Alphabet and Texas, as well as Amazon ahead of its report later Thursday, hit Wall Street, with the tech-rich Nasdaq tanking more than two percent.
Stellantis to buy stake in Chinese EV start-up Leapmotor
Global carmaker Stellantis said Thursday it will buy a 20 percent stake in Chinese electric car maker Leapmotor, making it the latest European brand seeking a foothold in the country's highly competitive market via partnerships with local manufacturers. Other European manufacturers have also stepped up partnerships with Chinese companies to win over local customers.
ECB set to pause rate hikes as eurozone feels pinch
European Central Bank policymakers are widely expected to leave interest rates unchanged when they meet in Athens on Thursday, as their previous policy moves seemed to be biting. - 'Clear impact' - ECB policymakers were in "watch and see" mode Thursday, Ducrozet said, with new official forecasts only set to be published at the governing council's next meeting in December.
US auto workers union reaches preliminary deal with Ford
The US auto workers union reached a tentative agreement with Ford late Wednesday, a breakthrough in a 41-day stoppage on Detroit's "Big Three" car manufacturers.
A year after Musk's Twitter takeover, X remains mired in turmoil
A year ago Elon Musk purchased X, formerly known as Twitter, taking the platform on a journey that has resulted in lost money, advertisers and trust. - Money matters - Over the past year, the platform's advertising business partially collapsed as marketers soured on X. Insider Intelligence forecasts that X will finish 2023 with $2.98 billion in ad revenue, compared to $4.14 billion in 2022.
AFP
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