General Motors Co Chief Executive Mary Barra said the Detroit automaker is accelerating an "all out pursuit of global EV leadership," challenging electric vehicle leader Tesla Inc with increased spending and sped-up vehicle production targets.
KUALA LUMPUR: Malaysia's state energy firm Petronas on Friday (Nov 20) said it is stepping up investments in hydrogen as part of a global push to produce carbon-free energy, even as the firm expands its portfolio in liquefied natural gas and renewable energy. "The trajectory for moving towards ...
SHANGHAI: An aggressive China-led shift to electric vehicles is expected to slash global oil demand growth by 70 per cent by 2030 and will help bring an end to the "oil era", according to research by the Carbon Tracker think tank published on Friday (Nov 20). Within 10 years, China...
BEIJING: Over 60per cent of American businesses in China are more optimistic about doing business in China after the results of the United States presidential election, according to a business group survey released on Friday. However, nearly one third of companies believed China-U.S. trade ...
United Airlines and American Airlines said on Thursday they will scrap change fees for long-haul international flights, mirroring their move on domestic flights in a bid to revive bookings and air travel demand hit by the pandemic.
Global stocks came under pressure on Friday after U.S. Treasury Secretary Steven Mnuchin called for an end to pandemic relief for struggling businesses, sparking a rare clash between the central bank and Treasury and weighing on sentiment.
Facebook for the first time on Thursday disclosed numbers on the prevalence of hate speech on its platform, saying that out of every 10,000 content views in the third quarter, 10 to 11 included hate speech.
Twitter Inc has resolved most performance issues with its new ephemeral "fleets" product and expects to complete the global launch by Friday, the company's product chief said in a live video on Thursday.
Tesla Inc extended its rally on Thursday ahead of its December debut in the S&P 500 , with its market value nearing US$500 billion, highlighting the growing domination of mega-cap growth stocks within Wall Street's main benchmark.
Treasury Secretary Steven Mnuchin on Thursday asked the Federal Reserve to return more than US$400 billion in unused funds from the massive March pandemic relief package so that Congress can reappropriate it to deliver economic stimulus.
