Business

GM to retrofit heated seat feature on newly sold vehicles in mid-2022

General Motors Co (GM.N) said on Friday that vehicles sold without heated and ventilated seats due to the global semiconductor shortage will be eligible, likely starting in the middle of 2022, for a retrofit that activates those features. The No. 1 U.S. automaker said it will cover the cost to retrofit new vehicles built without […]

Business

Anglo CEO expects investor support for plan to keep ‘met’ coal

Anglo American, which divested its thermal coal mines this year after pressure from investors, plans to retain its steelmaking coal portfolio as it is confident that they will not press for an early exit, the mining group’s chief executive said. Anglo (AAL.L) spun out its South African thermal coal operations and sold its stake in […]

Business

Cryptocurrency Update: 6 Coins Rise Up To 2,40,236% in a Day; Bitcoin Prices Fall

The global cryptocurrency market capitalisation saw a slight increase in its numbers on Wednesday, November 17, after a constant dip over the past few days. The market cap was standing at 2.63 trillion, data from crypto tracking website CoinMarketCap showed. The total crypto volume, however, fell significantly during the course of the last day. The […]

Business

Rivian’s electric van for Amazon raises battery power doubts

Rivian Automotive Inc’s (RIVN.O) electric vans for e-commerce retailer Amazon.com Inc (AMZN.O) may have a more limited range than what was previously disclosed, The Information reported on Friday, citing a driver testing the vehicle. The driver told The Information that the battery drained about 40% faster than normal if the van’s heating or cooling was […]

Business

Foreign tourists back in New York, long business recovery seen ahead

New York has launched its largest tourism advertising campaign in history. John F. Kennedy International Airport bustles again with foreign passengers. The holiday season promises peak travel cheer, with more visitors on streets and in stores. But souvenir shops, horse carriage drivers and small businesses that rely on vacationers said it could take weeks, or […]

Business

CMA CGM’s earnings soar on shipping rush

Shipping group CMA CGM on Friday reported a surge in third-quarter earnings and said it expected an even stronger performance for the end of the year as intense demand kept freight rates high and container capacity stretched. French-based CMA CGM, one of the world’s largest container lines, said net profit rose to $5.6 billion in […]