Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars.
Tesla Inc said on Wednesday it will cut prices of its electric vehicles in North America as the firm ramps up car production at its Fremont, California, factory after the easing of coronavirus lockdowns.
Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98.
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut crude supplies while fuel demand picks up with more cars back on the road as coronavirus lockdowns ease.
Ride hailing company Uber Technologies Inc's Indian arm will cut 600 jobs across functions, as it navigates a strict coronavirus lockdown that has brought businesses to a grinding halt, Uber India President Pradeep Parameswaran said on Tuesday.
U.S. stock futures rose 2% and breached a major chart barrier on Tuesday as global easing of lockdowns and business restarts boosted optimism about economic recovery among investors returning from a long weekend.
Most U.S. states have begun to reopen their economies, but Jay Foreman, chief executive of Basic Fun, said he's more worried than ever.
European travel and leisure stocks soared on Tuesday amid reports Spain and Germany would ease travel restrictions, and no noticeable increase in infections were reported during the re-opening of businesses after a two-month lockdown.
Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died peacefully at the age of 98, his family confirmed on Tuesday.
Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died peacefully at the age of 98, his family confirmed on Tuesday.
U.S. automaker Ford has set May 28 as a provisional date for the gradual restart of its plant in Hermosillo, Mexico, according to a letter to workers seen by Reuters.
Asian shares slipped on Wednesday as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy.
Oil prices rose on Tuesday, supported by growing confidence in the market that producers will come good on commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns eased around the world.
AXA said on Tuesday it would meet the bulk of claims from some restaurant owners after a Paris court ruled last week the French insurer should pay one owner two-months' worth of coronavirus-related revenue losses.
Eurowings, the low-cost airline owned by Lufthansa , said it would cut a third of the jobs at its headquarters as part of wider efforts to return the German airline group to profitability after a major state bailout.