DETROIT — Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV, the company said Wednesday. Instead, Ford said it will prioritize the development of hybrid models, as well as electric commercial vehicles such as a new electric…
There’s no room for price gouging in a ultra-competitive business like retail, Target CEO Brian Cornell said on Wednesday. In an interview on CNBC’s “Squawk Box,” the retail chief disputed campaign talking points accusing grocers of inflating prices. He said retailers have to be responsive to customers or risk losing business. He…
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had duped him in a “pig butchering” scheme that appealed to his greed, federal prosecutors said. The massive embezzlement…
U.S. job gains over the 12 months ending in March were revised downward Wednesday by 818,000 — a significant revision that adds to recent concerns that the economy has been slowing. The change means that roughly 2.1 million jobs were created in the U.S. in the past year, compared with…
People were walking or on donkey carts as they left areas east of Deir al-Balah. Some were in private cars, loaded with their belongings, including mattresses and blankets, water and gas bottles. The streets appear littered with leaflets dropped by the IDF reiterating the order to evacuate. It now amounts…
Pakistan’s Federal Investigation Authority arrested a man on Tuesday who it claimed had spread disinformation thought to have enflamed the recent unrest in the UK. According to the FIA statement the “article contained a false claim about the arrest of a Muslim asylum seeker by police in the stabbing incident in…
Russian President Vladimir Putin on Wednesday hailed “flourishing” trade ties with China during a meeting with a top Chinese official in Moscow as the two countries bolster their partnership in the face of mounting frictions with the West. Speaking to Chinese Premier Li Qiang, Putin said Russia-China “large-scale joint plans…
African nations could begin vaccinations against mpox within days, according to the continent’s top public health agency, as a World Health Organization official said the spread of a deadlier strain of the virus could be controlled and “was not the new Covid.” The Democratic Republic of Congo (DRC) is at…
Brazil will begin imposing restrictions on the entry of some foreign citizens from Asia who are seeking refuge in the South American nation as a means to migrate to the United States and Canada, the justice ministry’s press office said Wednesday. The move, which will start on Monday, will affect Asian…
India’s Prime Minister Narendra Modi will meet Polish leaders Thursday in a rare trip a day ahead of his expected visit to Ukraine – a first in the countries’ history. Modi’s tour comes weeks after he traveled to Moscow for talks with Russian President Vladimir Putin in a symbolic first…