Michelin has announced plans to close its tire manufacturing facility in Queretaro, Mexico, by the end of 2025. The move comes as the company adapts to evolving market demands in the passenger car and light truck segment. The closure will impact approximately 480 employees. According to Michelin, the decision was made as a “last resort” due to the plant’s inability to meet current market requirements. The facility, one...

In a recent legal development, Reddit has filed a lawsuit against the artificial intelligence firm Anthropic, citing unauthorized data collection practices. The suit, lodged in California Superior Court in San Francisco, accuses Anthropic of deploying automated tools to extract user generated content from Reddit without proper consent. Reddit asserts that Anthropic utilized automated bots to access and harvest user comments, contravening explicit directives to refrain from such activities....

The Walt Disney Company has confirmed another round of global layoffs, affecting several hundred employees across its film, television, and finance divisions. This move is part of the entertainment conglomerate’s ongoing efforts to adapt to rapid changes in the media landscape, particularly the shift from traditional cable television to digital streaming platforms. A company spokesperson stated that Disney is “continually assessing how to manage operations efficiently while maintaining...

Shares of Chinese electric vehicle giant BYD Co. (1211.HK) have fallen over 17% in the past week, as investor concerns mount over the sustainability of its aggressive pricing strategy and the potential for increased regulatory intervention. The decline follows critical commentary from Chinese state media and industry regulators. The People’s Daily, a key publication aligned with the Chinese Communist Party, warned that unchecked price competition could destabilize supply...