Next off the blocks is the locally assembled CKD unit of the all-electric sedan EQS 580 next month, followed by a seven-seater electric SUV, EQB, by November, reports Rajesh Karkera/Rediff.com. Mercedes launched its first all-electric performance luxury sedan, the AMG EQS 53 4MATIC, in Mumbai on Wednesday. This was the first of three all-electric luxury EVs Mercedes plans to launch […]

American Airlines announced an agreement to purchase up to 20 Overture supersonic jets, the world’s fastest airliner, from transportation start-up Boom Supersonic, with an option for an additional 40. Overture, which is expected to carry passengers at twice the speed of the fastest commercial aircraft available at present, would provide an important new speed advantage to American’s fleet. The company […]

European stocks fell on Wednesday amid inflation worries after data showed British consumer price inflation jumped to 10.1 percent in July, its highest since February 1982, intensifying the squeeze on households. Separately, preliminary data from Eurostat revealed that growth in the Eurozone slowed slightly in the second quarter. Seasonally adjusted GDP in the common currency area rose by 0.6 percent […]

Asian stocks rose broadly on Tuesday, even as the upside remained capped by growing concerns of a global recession. Chinese shares finished marginally higher amid expectations that policymakers would roll out more stimulus measures to boost sagging economic growth. Media reports suggested that the government is supporting beleaguered property developers with bond guarantees. Hong Kong’s Hang Seng Index fell 1.1 […]

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info But while 42 percent recognise they could make more money elsewhere, they claim it’s not their only motivation. Instead, half […]

Jerry Allison, the groundbreaking early rock & roll and rockabilly drummer who, as a member of The Crickets with Buddy Holly, co-wrote landmark songs such as “Peggy Sue” and “That’ll Be the Day,” has died. He was 82. According to a post on the Buddy Holly Facebook page, “JI was a musician ahead of his time, and undoubtedly his energy, […]

Increasing pessimism about the possibility of a recession and the Federal Reserve’s efforts to rein in inflation have put the brakes on a market rebound. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. This article is part of our Daily Business Briefing By Isabella Simonetti […]