Business Archives

ECB Officials Support June Rate Cut Amid Uncertainties, Differ on Future Monetary Policy

17/04/202417/04/2024Pooja ChauhanLeave a Comment

European Central Bank policymakers aligned in favor of an interest rate cut scheduled for June 6 during discussions on Wednesday, despite challenges from rising oil prices and a depreciating euro. However, their consensus thinned regarding the monetary policy trajectory beyond this initial action. While the ECB has officially signaled a forthcoming rate cut in June, […]

MercadoLibre to Boost Workforce by 30% Across Latin America in 2024

17/04/202417/04/2024bollywoodfeverLeave a Comment

MercadoLibre announces plans to hire 18,000 new employees in 2024, increasing its total staff by 30% as it expands operations in key markets including Mexico and Brazil. This strategic move aims to support the e-commerce giant’s growth and enhance its logistics and technology departments. Latin American e-commerce leader MercadoLibre announced on Wednesday its plan to […]

Ford Recalls Nearly Half a Million Vehicles Over Battery and Fuel Leak Issues

17/04/202417/04/2024bollywoodfeverLeave a Comment

Ford has initiated a recall for 456,565 SUVs and trucks due to potential drive power loss from low battery issues, alongside another recall concerning fuel leaks that may cause engine fires. This action includes software updates and safety checks across multiple models, as the automaker collaborates with NHTSA to ensure vehicle safety and reliability. Ford […]

Foxconn Introduces Rotating CEO System to Cultivate Leadership and Enhance Governance

17/04/202417/04/2024bollywoodfever1 Comment

Foxconn, the world’s largest contract electronics manufacturer, has launched a rotating chief executive system aimed at developing future leadership and improving corporate governance. This strategic move is designed to deepen executives’ understanding of the company’s operations and prepare for sustainable growth. This month, Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, has initiated a new […]

Volkswagen and Xpeng Develop New EV Architecture to Boost Market Share in China

17/04/202417/04/2024bollywoodfeverLeave a Comment

Volkswagen collaborates with Xpeng to introduce a new electric vehicle architecture, aimed at reducing costs and enhancing competitiveness in China. The China Electrical Architecture (CEA) will debut in VW-branded EVs from 2026, signaling a strategic shift to regain market presence and target the growing demand for affordable EVs in China. On Wednesday, Volkswagen AG announced […]