Faraday Future Intelligent Electric got a notice from the Nasdaq exchange on Thursday over its failure to comply with listing rules that require a minimum closing share price of $1, the electric-vehicle startup disclosed in a filing.
Last year, a veteran Silicon Valley software executive took the helm of a startup in his native China, company records show. The startup told potential investors it would sell microchip design software that is mostly available from just a handful of large Western companies.
Russia’s state-run carmaker Avtovaz said on Thursday it plans to increase production of its Lada-brand cars to 500,000 next year after targets for 2023 were hit by U.S. sanctions.
U.S. stock index futures edged up in light trading on the final day of a turbulent 2023, with the benchmark S&P 500 and the Dow hovering around record-highs on growing expectations the Federal Reserve will cut interest rates early next year.
Wedding processions on wheels are nothing new along Havana’s famous seafront drive, the Malecon, but this week electric motorcycles and scooters joined a tradition that in the past has included horse-drawn carriages and vintage U.S. cars.
American drivers can expect lower motor fuel costs for a second-straight year in 2024 as a jump in global refining capacity and a surplus in U.S. gasoline stocks drive down retail prices, according to analysts’ forecasts.
Hapag-Lloyd has decided to continue diverting its vessels around the Suez Canal for security reasons, a spokesperson for the German container shipper told Reuters on Friday, adding a next assessment would be made on Jan. 2.
Chinese property developer Guangzhou R&F Properties said on Friday that co-founder Zhang Li had resigned as chief executive officer and as a director of the company, citing “other commitments which require more of his time and dedication”.
Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba , which was fined 1 billion yuan ($140.68 million) for monopolistic practices.
Activity in Russia’s manufacturing sector expanded at its fastest pace in almost seven years in December, a business survey showed on Friday, though new export orders contracted for the second month running.
