International Companies
Volkswagen brand to accelerate shift to EVs
Volkswagen’s namesake brand is planning to accelerate its shift to EVs and to double its European sales by 2030.
Ripple reports no fallout in Asia Pacific business after SEC lawsuit
Blockchain payments firm Ripple did not experience any fallout in its Asia Pacific business after facing a lawsuit from the US Securities and Exchange Commission (SEC).
Sberbank posts jump in full-year net interest income
Sberbank, the Russian Federation's largest lender by assets, posted a big drop in full-year profits in a year marked by the novel coronavirus pandemic.
Baron Capital sells 1.8m Tesla shares over past 6 months
Billionaire investor Ron Baron’s namesake firm sold 1. 8m shares in Tesla over the preceding six months despite his belief that the stock price would surpass $2,000 in the next decade.
Honda to sell limited batch of Legend self-driving cars
Honda announced on Thursday that it would sell a limited batch of its flagship Legend sedan which includes a level 3 autonomous driving technology.
Apple faces UK competition inquiry
The UK's competition regulator has launched an investigation into Apple's terms and conditions for app developers to list on its App Store.
Google will not use other web tracking tools after phasing out cookies in 2022
Google will not build tools that serve as an alternative to cookies to track web browsing traffic after it begins phasing out its existing technology from Chrome in 2022.
Samsung considers four US sites for $17bn chip plant
Samsung Electronics is considering two sites in Arizona, one in New York and another in Texas for a new $17bn chip manufacturing plant.
GM extends production cuts due to chip shortage
General Motors announced on Wednesday it would be extending the vehicle production cuts further at three plants in North America and adding a fourth to the list of factories hit by the global shortage in semiconductor chips.
Microsoft claims Chinese hackers targeted users via mail server software
Microsoft claimed late on Tuesday that a China-linked cyber-espionage group had targeted users through flaws in the company’s mail server software.
US court rules in favour of AstraZeneca over Symbicort
A US court has ruled in favour of AstraZeneca in patent litigation concerning asthma treatment Symbicort, the Anglo-Swedish drugs firm said on Wednesday.
EV start-up Nio announces chip shortage will affect car production
Chinese electric car start-up Nio said on Tuesday that the global shortage in semiconductors and batteries will affect its production capacity in the second quarter.
Volvo pledges to only sell EVs by 2030
The Swedish carmaker, Volvo, has pledged to shift all its production to electric cars by 2030 in a move to abandon fossil fuels and fight climate change.
Ebay, Adevinta plan sale of UK units to complete $9.2bn tie-up
US e-commerce group eBay and Norway’s Adevinta plan to sell three smaller British units to secure regulatory approval for a long-planned tie-up of their global classified ads businesses.
United orders extra 25 Boeing 737 MAX jets
United Airlines Holdings ordered an extra 25 new Boeing 737 MAX aircraft for delivery in 2023 and moved up deliveries of others as it prepares to replace older jets.
CoStar sweetens bid for real estate data provider CoreLogic
CoStar Group sweetened its offer for real estate data provider CoreLogic on Monday by $450m, as it looks to compete with private equity firms Stone Point Capital and Insight Partners.
Uber accused of directing 'loaded questions' in consultation with drivers
Uber was accused by the GMB union of using “loaded questions” in a consultation with drivers after a landmark court ruling on workers' rights.
Lime rolls out new ebike in $50m expansion to over 25 cities
Lime announced on Monday a $50m plan to expand into 25 new cities in 2021 and to invest in developing a new ebike.
Norwegian Air cancels remaining 88 jets in Airbus order
Norwegian Air cancelled all the 88 narrow-body jets that remained on order from Airbus, a spokesman for the company said on Friday.
Coinbase files for direct listing on Nasdaq
San Francisco-based digital currency exchange Coinbase has filed to list directly on the Nasdaq.