GM challenges Tesla with ‘Ultium’ batteries and fleet of EVs

DETROIT: General Motors Co Chief Executive Mary Barra said Wednesday the Detroit automaker will invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk’s Tesla Inc as vehicles go electric. The previously undisclosed investment figure was part of detailed presentations Barra and other GM executives gave to reporters […]

One-third of Gulf companies work from home to combat coronavirus threat

Dubai: With the Coronavirus outbreak spreading across the world, one-third of Gulf-based employers are planning to have staff work from home, according to a survey conducted by Middle East employment portal, GulfTalent. The survey received responses from 1,600 company executives, managers and human resource professionals across the six countries of the Gulf Cooperation Council (GCC). […]

Coronavirus: Europe ‘panicking’ over India’s pharmaceutical export curbs, says industry group

New Delhi: India’s top pharmaceuticals export group said the government’s curbs on some drug exports amid the spreading coronavirus outbreak has caused panic in Europe and will “severely impact” businesses in the sector. India, the world’s main supplier of generic drugs, has restricted the export of 26 active pharmaceutical ingredients (APIs) and the medicines made […]