BP Plc announced that it is selling its wind energy business in the United States, known as BP Wind Energy, according to a statement. BP Wind Energy has investments in ten wind farms across seven states. All of them are linked to the network, with a combined capacity of 1.3 gigawatts. According to the Financial Times, RBC Capital Markets analysts approximate the business to be worth around $2...

U.S. car manufacturer Ford Motor Co. has submitted a patent application for a system that monitors car journeys, eavesdrops on passenger discussions, and displays relevant audio ads or commercials on the dashboard screen. According to MarketWatch, the patent requires the system to utilize a GPS navigator to promote businesses along the route. It could also recognize when a driver has parked at a...

Chinese officials have prohibited audit company PwC from operating in the nation for half a year and imposed a penalty of 440 million yuan ($62 million) on the firm as retribution for auditing the collapsed real estate developer Evergrande. The PRC Ministry of Finance fined 116 million yuan, while the China Securities Regulatory Commission (CSRC) imposed a fine of 325 million yuan on the company....

The UK's Competition and Markets Authority (CMA) has determined that the merger between Vodafone UK and Three UK could result in a notable reduction in competition within the UK market. The regulatory body has conducted a thorough examination of the agreement and has tentatively concluded that it would lead to increased costs for tens of millions of mobile phone customers or a decline in service...

Reuters reports that Samsung plans to lay off up to 30% of workers in several of its overseas units, citing three sources. The sources claim that by year's end, the South Korean electronics company plans to let go of up to 30% of its overseas-based administrative workers and roughly 15% of its marketing and sales workforce. Employees across Europe, Asia, Africa, and South and North America will...

Volvo Cars, a Swedish car manufacturer, announced on Wednesday that it will not achieve its target of completely switching to electric cars by 2030, citing factors such as the limited availability of charging infrastructure and government incentives being withdrawn in certain markets. Volvo Cars will continue to be the top player in electrification, but will adjust its ambitions in this area...

Nokia Corp, a Finnish telecom equipment maker, has agreed to a five-year deal with the American telecom company AT&T Inc. Nokia stated in a release that the agreement allows for the incorporation of its technologies in AT&T's extensive fiber-optic network, which is one of the biggest globally. Specific details about the financial agreement were not revealed. Nokia stated that this key...

Halliburton Co. stocks decreased by 1% in early morning trading on Tuesday due to the adverse effects of a cyberattack revealed last month, according to the U.S. oilfield services company. As per Halliburton's submission to the Securities and Exchange Commission (SEC), the incursion by hackers into the firm's computer networks caused disruptions and restricted access to certain operational...

The Financial Times reports that Cathay Pacific Airways Ltd., a major airline based in Hong Kong, is conducting inspections on all its Airbus A350 planes due to an engine issue found on one of them, according to a statement from the company. Cathay has discovered a defect in a Zurich-bound flight's engine part, causing it to return to Hong Kong. The specific component is not identified, but it is...