Category: Business

[ad_1] Northvolt, Europe’s biggest hope for producing batteries in the region to power the transition to electric vehicles, will be split up and sold after it filed for bankruptcy on Wednesday in its home country, Sweden. The company, which just a few years ago appeared to be Europe’s best chance to compete against Chinese rivals,…

[ad_1] Inflation eased more than expected in February, a welcome sign for the Federal Reserve as it grapples with the prospect of higher prices and slower growth as a result of President Trump’s trade war. The Consumer Price Index was up 2.8 percent from a year earlier, after rising another 0.2 percent on a monthly…

[ad_1] Tesla is getting crushed in China, its most important market outside the United States and one that it had dominated for years. When Liu Jie, 32, decided to buy an electric car in October, Tesla was one of her top choices. But after test-driving a few Chinese cars, she went with a sports sedan…

[ad_1] President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, inviting immediate retaliation from the European Union and escalating tensions with other trading partners reeling from his on-and-off approach to steep trade penalties. Mr. Trump’s tariffs of 25 percent hit metal imports from every country that sells steel and aluminum…

[ad_1] Meta won a legal victory on Wednesday against a former employee who published an explosive, tell-all memoir, as an arbitrator temporarily prohibited the author from promoting or further distributing copies. Sarah Wynn-Williams last week released “Careless People: A Cautionary Tale of Power, Greed, and Lost Idealism,” a book that describes a series of incendiary…

[ad_1] This week, the top copy editor of The New Yorker announced that the magazine had completed a “reëxamination” of its house style. A few things were changing. But its dedication to the dieresis — those two little dots that float above certain vowels, beloved by New Yorker editors and almost nobody else — was…

[ad_1] Intel, a fallen Silicon Valley icon trying to restore its reputation as America’s most prominent semiconductor company, has named Lip-Bu Tan, an experienced business and technology leader, as its new chief executive. Mr. Tan, 65, will be responsible for reviving the fortunes of a chip-making company that has fallen from grace. Once one of…

[ad_1] Breakthrough Energy, an umbrella organization funded by Bill Gates that works on a sprawling range of climate issues, announced deep cuts to its operations in an internal memo on Tuesday. Dozens of staff members were cut, including Breakthrough Energy’s unit in Europe, its team in the United States working on public policy issues and…

[ad_1] President Trump has tapped Michelle W. Bowman, a Federal Reserve governor, to be the next vice chair for supervision at the central bank, according to a White House official who was not authorized to speak publicly. The position was vacated at the end of last month by another Fed governor, Michael S. Barr, who…