Category: business
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Hyundai Motor Group to Invest $86 Billion in South Korea Following U.S. Trade Deal
Seoul, Nov 16, 2025 – Hyundai Motor Group announced it will invest 125.2 trillion won ($86.47 billion) in South Korea from 2026 to 2030, following a new trade agreement between Seoul and Washington that reduces U.S. tariffs on South Korean autos from 25% to 15%. This investment represents a significant increase compared to the 89.1
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Ford Partners with Amazon to Sell Used Vehicles Online, Following Hyundai
Detroit, Nov 17, 2025 – Ford Motor Co (F.N) will allow customers to browse and buy used Ford vehicles on Amazon (AMZN.O) starting Monday, joining Hyundai in offering online options for buyers seeking to avoid dealership visits. Online Certified Pre-Owned Program The program initially targets Los Angeles, Seattle, and Dallas, offering only certified pre-owned vehicles—used
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Tesla Wins Bid to Block Class Action Race Bias Lawsuit by Black Workers
California, Nov 17, 2025 – Tesla (TSLA.O) scored a legal victory after a California judge ruled that more than 6,000 Black workers at its Fremont assembly plant cannot pursue a class-action lawsuit over alleged racial harassment, reversing an earlier decision. Judge Cites Inability to Generalize Worker Experiences California Superior Court Judge Peter Borkon said the
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XPeng Forecasts Slower Q4 Revenue Amid Intensifying China EV Price War
Shanghai, Nov 17, 2025 – Chinese electric vehicle (EV) maker XPeng (9868.HK) projected fourth-quarter revenue below market expectations, citing fierce competition and a prolonged price war in China, the world’s largest auto market. The announcement sent XPeng’s U.S.-listed shares down nearly 8% in early trading, despite the stock having more than doubled in value earlier
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Electric Vehicle Sales Surge in South America — Led by Chinese Brands, Not Tesla
Montevideo/Lima/Chancay, Nov 17, 2025 – Electric vehicle (EV) sales are accelerating across South America, driven primarily by Chinese automakers rather than Tesla (TSLA.O), which still lacks official showrooms or import channels in most countries. Peruvian entrepreneur Luis Zwiebach experienced the difficulty firsthand in 2019 when he flew 4,000 miles to California to test-drive a Tesla
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Honda to Gradually Resume Normal Production at North American Plants After Chip Shortages
Tokyo, November 18, 2025 – Honda Motor Co Ltd (7267.T) announced plans to gradually resume normal operations at its North American vehicle assembly plants starting Monday, signaling that production disruptions caused by a shortage of Nexperia chips are easing. The automaker, Japan’s second-largest, had temporarily halted output at its Mexico plant on October 28 and
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Japan Weighs Options to Curb Yen Declines Amid Market Pressure
Tokyo, November 18, 2025 – Japanese authorities are under renewed pressure to address a weakening yen, which has fallen about 5% against the U.S. dollar since Prime Minister Sanae Takaichi won the ruling party’s leadership race on October 4. The yen was trading around 155 per dollar on Tuesday, stoking concerns over rising import costs
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Deutsche Boerse to Integrate Societe Generale’s Stablecoins into Settlement Business
Paris/Frankfurt, November 18, 2025 – German stock exchange operator Deutsche Boerse (DB1Gn.DE) announced plans to integrate stablecoins issued by French banking giant Societe Generale (SOGN.PA) into its settlement and custody business, marking a major step toward mainstream adoption of blockchain-based financial assets. Societe Generale’s crypto division, SG-FORGE, has developed both dollar-backed and euro-backed public stablecoins,
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Bank of England Raises Deposit Guarantee to £120,000 to Protect Savers
London, November 18, 2025 – The Bank of England has increased the deposit guarantee for British savers to £120,000 ($158,000), up 40% from the previous £85,000 limit, the central bank announced on Tuesday. The move aims to bolster public confidence in the safety of personal savings amid persistently high inflation. The deposit protection is administered
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Global Equity Fund Inflows Slow as Investors Wary of Tech Valuations and U.S. Labour Market
November 14, 2025 – Global equity fund inflows slowed sharply in the week ending November 12, reflecting growing investor caution amid elevated technology stock valuations and concerns over softening U.S. labour market conditions. According to LSEG Lipper data, investors purchased just $4.11 billion worth of equity funds during the week, a significant drop from $22.27
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