Bloomberg General Motors (GM) is laying the groundwork for a bigger bet on electric vehicles, telling investors at a virtual conference it plans to boost spending on them by more than a third to $27 billion as part of a push to introduce 30 battery-powered models by 2025. The initiative represents an increased investment of $7 billion and 10 more ...

Bloomberg Nikon Corp plans to reduce about 2,000 employees, or 10% of its total workforce, due to a slump in its core camera business, Nikkei reported. Its business was also impacted by the performance of Intel Corp, one of Nikon’s key clients of semiconductor equipment, the daily reported, without saying where it got the information. In the company’s reform agenda, ...

ABU DHABI / WAM The UAE has strongly condemned the cowardly terrorist shooting attack targeting Emirates Red Crescent (ERC) medical staff working in mobile healthcare clinics in the Yemeni city of Taiz. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) said in a statement that the targeting of humanitarian workers is a flagrant violation of international norms and conventions, ...