Business

BMW completes .7 billion South Carolina expansion, unveils all-electric X5

BMW on Tuesday announced the completion of its $1.7 billion investment in South Carolina, where the German carmaker will produce fully electric vehicles.  The luxury auto brand said it had completed the expansion of a plant in Spartanburg and the construction of another in Woodruff.The company also unveiled its fifth-generation…

California food chains must post menu allergen warnings starting July 1

California restaurant chains are facing a permanent overhaul to their menus beginning July 1, as a first-in-the-nation law requiring major food allergen disclosures takes effect. Under California’s Senate Bill 68, food facilities subject to the federal menu-labeling law — generally chain restaurants with 20 or more locations operating under the…

Top tobacco company to cut thousands of jobs

British American Tobacco is planning to cut about 20% of its workforce as it moves forward with using artificial intelligence (AI) to reshape its operations with the goal of lowering costs and boosting profits. The maker of Lucky Strike and Dunhill cigarettes said Monday it plans to cut around 5,500…