Economy
Tesla to recall 1.6 mn cars in China to fix steering software
Tesla is recalling more than 1.6 million electric vehicles in China, the country's market regulator said Friday, marking another blow for the US firm days after it was surpassed in EV sales by China's BYD. The recall -- sparked by the discovery of problems with assisted driving functions and door-locking systems -- will be conducted through remote over-the-air (OTA) updates to the cars' software.
“No more N1k/$”: Naira reverses New Year Losses, rises by 13.51% to gain N189.8 against the dollar
The Nigerian currency rose by 13.51 per cent, gaining N189 against the US dollar to trade at N895 per dollar from the N1,035 it traded the previous day
SpaceX sues to stop US hearing over fired workers
SpaceX on Thursday went to court to try to derail a US National Labor Relations Board hearing over complaints by workers who say they were fired for criticizing chief executive Elon Musk. The filing did not refute the notion that former workers whose complaints are at issue in the case were fired for asking colleagues to sign a letter critical of Musk's social media behavior.
Markets swing ahead of US jobs as rate cut hopes fade
Asian stocks fluctuated on Friday after a bigger-than-expected rise in US private-sector jobs poured cold water on hopes for an interest rate cut in the next few months. Data on Thursday from payroll firm ADP showed far more private-sector jobs were created last month than forecast and significantly more than in November.
Navajo object to depositing human remains on Moon
The United States will soon launch its first spacecraft to attempt a soft lunar landing since the Apollo era, in a historic collaboration with the private sector -- but not everyone is celebrating.
US auto sales boosted by price cuts in 2023
US vehicle sales got a boost from strong demand in 2023, due in part to attractive offers by automakers and dealers in the face of high interest rates and stubborn inflation. Ford, whose US sales rose to almost two million vehicles in 2023, also noted "accelerating sales of its electric and hybrid vehicles to new records."
Ford US vehicle sales neared two million in 2023
Auto giant Ford sold almost two million vehicles in the United States last year, the company said Thursday, buoyed by accelerating electric vehicle sales and continued growth in internal combustion engine trucks. Of the almost two million cars Ford sold in 2023, close to 1.8 million of them were internal combustion engine vehicles, company figures showed.
Spain generated record 50% of power from renewables in 2023
Spain generated more than half of its electricity from renewable sources such as wind and solar power in 2023 in a "historic" record, the national power grid said Thursday. Wind was the leading source of energy for the second year running, generating 63,000 GWh, or 23.3 percent of the total electricity generated in Spain.
TotalEnergies to review land buyouts in contested Africa projects
French energy giant TotalEnergies said Thursday it had launched a review of its land acquisition practices for controversial $10-billion projects in Uganda and Tanzania slammed by environmentalists.
Economy
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