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Volkswagen expects chip supply to remain tight in first half of 2021

Carmaker Volkswagen said on Tuesday that it expects chip supply to remain tight in first half of 2021 but that it would do everything to compensate for delay in production in the second half of the year.

Markets

Toyota, Denso team with Aurora on self-driving cars for Uber, others

Toyota Motor Corp and longtime supplier partner Denso Corp will team up with self-driving car startup Aurora to develop and build autonomous minivans for ride hailing networks, the companies said on Tuesday.

Markets

Facebook faces new UK class action after data harvesting scandal

Facebook is facing a second London High Court class action over allegations it failed to protect the personal details of about one million people in England and Wales, in the latest lawsuit to spring from a scandal over data harvesting.

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Boeing kicks off new year with 26 jet deliveries, four orders

Boeing delivered an improved 26 aircraft in January, boosted by the clearing of the 737 MAX jet to fly again after a 20-month ban as it also won four new orders for its 747-8 freighters.

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Musk’s Bitcoin investment follows months of Twitter talk

Tesla's US$1.5 billion Bitcoin investment unveiled on Monday may not surprise CEO Elon Musk's followers on Twitter, where he has shown himself as a major proponent of the soaring cryptocurrency.

Markets

Shopify’s payment option to be added to Facebook, Instagram

Canadian e-commerce company Shopify Inc said on Tuesday it would expand its payment option, "Shop Pay," to all users choosing to sell on Facebook and Instagram.

Markets

Reddit-fuelled retail trading frenzy spreads to Europe

The U.S. retail stock trading phenomenon driven by the WallStreetBets Reddit forum is fuelling a copycat trading boom in Europe, bank and brokerages said.

Markets

YouTube earns accreditation for protecting advertisers from unsuitable videos

Alphabet Inc's YouTube said on Tuesday it has become the first digital platform to receive an accreditation from the Media Rating Council, signifying the streaming video platform effectively protects its advertisers from appearing on content deemed inappropriate for paid ads.

Markets

GM extends vehicle production cuts due to global chip shortage

General Motors Co said on Tuesday it was extending production cuts at three North American plants until at least mid-March due to the global semiconductor chip shortage, while vehicles at two other factories would only be partially built.

Markets

Walgreens, Uber partner to provide access, free rides to US COVID-19 vaccination centers

Walgreens and Uber Technologies Inc on Tuesday said they will team up to provide educational programs and free transportation to U.S. COVID-19 vaccine clinics to underserved communities and people in rural areas.

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