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Ford CEO sees electric vehicle price war as EV costs decline

Ford's chief executive says the global auto industry is headed for a huge price war in the coming years as electric vehicle costs drop and companies sell EVs priced around $25,000. CEO Jim Farley told the Bernstein Strategic Decisions Conference on Wednesday that the $25,000 electric vehicle will democratize EVs. Currently it costs way more to build an EV than one with a gas engine. But Farley said big cost reductions are coming with new battery chemistries that use fewer precious metals such as nickel and cobalt. Plus, he said EVs will take less time and labor to build, saving more money. Fo...

Leader of now-defunct Colombian drug cartel dies in US jail

Gilberto Rodríguez Orejuela, an elderly leader of the former Cali cartel that smuggled vast amounts of cocaine from Colombia to the United States in the 1980s and 1990s, has died in a U.S. prison, his lawyer said Wednesday. In 2020, a judge had denied Rodríguez Orejuela, who was in his 80s, early release on compassionate grounds from a prison in Butner, North Carolina. His attorney, David O. Markus, had said at the time that the former drug kingpin was suffering a range of health problems. Rodríguez Orejuela and his brother, Miguel, built a huge criminal enterprise that succeeded the Mede...

Strike in Belgium hits public transport, services

Public services in Belgium, including schools and transport networks, were disrupted on Tuesday after trade unions staged a one-day nationwide strike, local media reported. The strike caused huge delays and disruptions to public transport, including the temporary closure of certain bus and tram lines, the Belgian public transport company said. About 60 per cent of the country's post offices remained closed for the day, including mail sorting centres, which may result in further delays over the next few days. Rail traffic remained at a standstill in the Walloon provinces of Liege, Namur, and ...

Russian gas deliveries to Orsted, Shell Energy Europe to be suspended from June: Gazprom

Danish energy giant Orsted and Shell Energy Europe have said that they will not pay for Russian gas in Rubles, Gazprom Export said on Tuesday, adding that it informed both companies that gas deliveries will be suspended from June ...

Nepal Plane Crash: Out of 21 recovered bodies, 10 taken to base station

Out of 21 recovered dead bodies, Nepali Army took 10 bodies to the base station on Monday evening after a commercial passenger plane crashed onto the hills killing all 22 onboard. As per the officials, only the bodies of 21 passe...

French 32-year-old journalist is killed in Ukraine

The French news broadcaster BFM TV said a 32-year-old French journalist was killed Monday in eastern Ukraine, fatally hit by shell shrapnel while covering a Ukrainian evacuation operation. BFM TV said its journalist Frédéric Leclerc-Imhoff was killed as he was “covering a humanitarian operation in an armored vehicle” near Sievierodonetsk, a key city in the Donbas region that is being hotly contested by Russian and Ukrainian forces. He had worked for six years for the French television channel. French President Emmanuel Macron paid tribute to Leclerc-Imhoff on Twitter. Macron expressed co...

Biden says US not supplying Kyiv with missile systems capable of striking Russia: Reports

US President Joe Biden said that Washington will not supply Kyiv with missile systems capable of striking Russian territory, a UK-based media reported on Monday, citing sources. Last week, CNN reported, citing multiple US officia...

Texas Governor says he was ``misled'' about the police response

Texas Governor Greg Abbott says he was ``misled'' about the police response to the shooting at the elementary school in Uvalde, and he's ``livid.'' In his earlier statements, the governor told a news conference, he was repeating ...

Argentina reports case of monkeypox; man traveled from Spain

Argentina reported Latin America's first confirmed case of the monkeypox virus on Friday in a man who recently traveled to Spain. The man, who is from the province of Buenos Aires, has monkeypox but health authorities are waiting to finish sequencing the virus before making the official announcement, said an official in Argentina’s Health Ministry. The official requested anonymity until the official announcement. It is the first time the presence of the virus has been confirmed in Latin America. Authorities have revealed little about the patient beyond saying he traveled to Spain from April ...

Latest News

Health Canada authorizes updated Pfizer-BioNTech COVID vaccine

Health Canada has authorized Pfizer-BioNTech's updated COVID-19 vaccine for people six months and older.The mRNA vaccine targets the Omicron XBB.1.5 subvariant that is circulating in Canada.This is the second vaccine targeting XBB...

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