BANGKOK — Chinese telecoms gear giant Huawei said Monday its net profit fell 28% in 2024 while its revenue surged, as the company invested heavily in advanced technologies. Huawei Technologies reported 62.6 billion yuan ($8.6 billion) in net profit last year, down from 87 billion yuan the year before. Its revenue jumped 22% to $118.2…
Agencies are monitoring a high-tech Chinese research ship which operates a deep sea submersible vessel, as it makes its way through southern Australian waters. Maritime tracking websites have recorded the Tan Suo Yi Hao passing the Victorian coastline in recent days, after it completed joint surveys with New Zealand. Prime Minister Anthony Albanese told reporters…
In This Story Elon MuskPhoto: Samuel Corum (Getty Images) Gap is betting Old Navy and AI will help solidify its position in retail Elon Musk on Thursday led a team of DOGE leaders to defend their work in a Fox News interview as they attempt what Musk calls the biggest government revolution since 1775….
WASHINGTON (AP) — As President Donald Trump and billionaire Elon Musk work to overhaul the federal government, they’re forcing out thousands of workers with insider knowledge and connections who now need a job. For Russia, China and other adversaries, the upheaval in Washington as Musk’s Department of Government Efficiency guts government agencies presents an unprecedented…
Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. I come from a line of poverty that goes back several generations. Many of my relatives—including my mother—lived in poverty for their entire lives. They could only focus on day-to-day survival and worrying about…
Could President Trump’s tariffs spur a recession? An economist warns consumers about a potential economic downturn with President Donald Trump’s trade war pressing on. U.S. stocks are expectd to open modestly lower, consolidating gains made in the last two sessions as Federal Reserve officials kick off their policy meeting on Tuesday. Almost no one expects…
Q: How many full-time positions have been added to the municipal workforce in Mankato in recent decades? A: That’s a paraphrase of the final of a series of questions asked by a reader in last week’s Ask Us column about city plans to create a new Parks and Rec Department. The reader went on to…
NOVONIX, a leading battery technology company in Chattanooga, only has to jump through one more hoop to be permitted to build another location in town. The Hamilton County Commission will host the final vote on the matter on Wednesday, March 12. NOVONIX highlighted how the Inflation Reduction Act and the Bipartisan Infrastructure Law have…
WASHINGTON (AP) — With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the U.S. economy than to fix it. The labor market remains healthy with a 4.1% unemployment rate and 151,000 jobs added in February, and Trump likes to point to…
Want to comment on this story? Become a subscriber today. Click here. New York – The U.S. stock market is holding steadier on Wednesday, for now at least, following the sharp tumble that wiped out the last of the “Trump bump” it received following the presidential election in November. The S&P 500 was basically unchanged…