Japanese electronics and media giant Sony Corp raised its full-year profit outlook by one-third and said it was struggling to keep up with pandemic-fuelled demand for the new PlayStation 5 amid a global shortage of semiconductors.
SINGAPORE: Google co-founder Sergey Brin has opened a family office in Singapore to help manage his fortune, making him the latest tycoon to establish a private investment company in the financial hub. The company overseeing the assets of Brin, the world's ninth-richest person with wealth of US$86 ...
FRANKFURT: Britain's GlaxoSmithKline and German biotech firm CureVac struck a €150 million (US$180 million) deal to develop next-generation vaccines against COVID-19 that target several variants in one product. In a joint statement on Wednesday (Feb 3), the partners said they were targeting a ...
A surprise chat between tech billionaire Elon Musk and Robinhood CEO Vlad Tenev on new audio-based social network Clubhouse has helped propel the app to the top of the startup charts and sparked a scramble for invitations to the exclusive service.
Swedish truckmaker AB Volvo reported fourth-quarter core earnings above analysts' expectations on Wednesday, raised its forecasts for some of its main markets and rolled out a hefty shareholder payout.
Behind GameStop's stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming.
FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd, BMW's main Chinese partner, in deals that may cost it some US$7.2 billion and then take it private, two people with direct knowledge of the matter told Reuters.
South Korea's Kia Corp shares surged to their highest in over two decades on Wednesday after a local media report said the carmaker will sign a 4 trillion won (US$3.59 billion) deal with Apple Inc to build electric vehicles.
China's Lenovo Group, the world's biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53per cent rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted.
India's Future Group will challenge a New Delhi court order that has blocked its US$3.4 billion retail assets sale on objections of business partner Amazon.com Inc, a source told Reuters on Wednesday.
