DETROIT: Canoo Holdings Ltd, an electric vehicle startup already working with South Korea's Hyundai Motor, will go public later this year at a value of US$2.4 billion after joining forces with a so-called blank-check firm or special purpose acquisition company (SPAC). The combined company will be ...
U.S. states are seeking a combined US$26.4 billion from three major drug distributors and Johnson & Johnson to settle opioid litigation against the companies, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Home Depot Inc beat quarterly same-store sales estimates on Tuesday, as consumers bought more paint, tools and other home improvement products to do minor repair works while stuck at home due to the COVID-19 pandemic.
Wynand du Toit's safari camp in South Africa's Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 claim.
SHANGHAI/SEOUL: Ramped-up U.S. restrictions on Huawei are likely to choke the Chinese company's access to even off-the-shelf chips, threaten its crown as the world's largest smartphone maker and disrupt global tech supply, executives and experts warned. The Trump administration on Monday expanded ...
China said on Tuesday it firmly opposes U.S. suppression of Huawei Technologies Co, after the Trump administration announced it would further tighten restrictions on the company.
Home appliance maker Electrolux said on Tuesday its Chief Operations Officer Jan Brockmann has decided to leave group to "pursue an external opportunity".
MSCI published two climate change indexes on Tuesday that allow investors in China stocks to lean toward companies with lower carbon emissions.
Japan's low unemployment rate on paper suggests an economy weathering the coronavirus reasonably well, but official figures belie worsening prospects for the country's army of temporary workers, who make up about 40per cent of the jobs market.
British retailer Marks & Spencer said on Tuesday it plans to cut 7,000 jobs over the next three months as it streamlines the business for a post COVID-19 sales mix.
