It was the worst day ever for the stock with losses wiping out $28.4bn from Nike’s market valuation.
![Nike shoes of Naomi Osaka during the match between Mutua Madrid Open Masters](/https/www.aljazeera.com/wp-content/uploads/2020/12/GettyImages-1142305749-1.jpg?resize=770%2C513&quality=80)
It was the worst day ever for the stock with losses wiping out $28.4bn from Nike’s market valuation.
Canada said the domestic car sector faced unfair competition from China’s ‘state-directed’ global oversupply of EVs.
At day’s low, indexes saw biggest intraday fall since March 2020, when stocks were battered by first COVID-19 lockdown.
While tariffs are expected to have a negligible impact on the US economy, they are expected to boost President Biden.
Pharma companies are slashing insulin production in favour of more lucrative weight-loss drugs.
Tesla and other Western electric car manufacturers are facing stiff competition from China.
A Boeing engineer has told a US Senate hearing that the company is ‘putting out defective airplanes’.
Apple CEO is expected to meet programmers, students and content creators during two-day visit.
US president’s remarks come as he is seeking to shore up support in key swing state of Pennsylvania.
The boom around ‘nearshoring’ and tensions with China have led to a manufacturing boom in Mexico, for the US.
An explosion and fire ripped through a firecracker factory in Harda in India, several people were reportedly killed.
The cars reportedly have problems with their automatic assisted steering and door latch controls.
Hundreds demand improved healthcare and safety standards after 18 people were killed at a nickel processing plant.
Deal with US chipmaker is ‘largest investment ever’ in Israel, Prime Minister Benjamin Netanyahu says.