REUTERS: Chinese battery materials producer Ningbo Shanshan said on Monday it would invest 8 billion yuan (US$1.24 billion) in new facilities in Southwest China to boost production, with an eye on exporting more products to Europe. The company said in a filing to the Shanghai Stock Exchange ...
EU antitrust regulators opened an in-depth investigation on Monday into Facebook's acquisition of U.S. customer service startup Kustomer, concerned that the deal could hurt competition.
Electric vehicle sales at China's Li Auto and Xpeng Inc more than tripled in July from a year ago, while they doubled at Nio Inc, helped by robust demand for new energy automobiles in the world's biggest auto market.
NEW YORK: If finding new uses for old stuff is one of the core tenets of a sustainable business, some young influencers are taking that idea to the bank: by giving old fashions a new lease on life. Millions of teens and twenty-somethings have embraced an app called Depop...
SAO PAULO: Latin American startup holding Movile has received an 1 billion real (US$194.2 million) investment from Prosus, a major shareholder and global consumer internet group, the company said in a statement on Monday. Prosus in a spin-off of South African e-commerce group Naspers, listed ...
Ride hailing companies Uber Technologies Inc and Lyft Inc promised Wall Street they would be back on the road to profitability and growth by the time they reported second-quarter results this week, thanks to cost-cutting done to survive the pandemic.
BEIJING: The Delta variant poses new risks for the world's second-biggest economy as it spreads from the coast to China's inland cities and presents fresh challenges to authorities who have for months managed to avert any widespread outbreak of the coronavirus. Barely a month after disrupting ...
SEOUL: South Korean game developer Netmarble Corp said on Monday it agreed to buy 100per cent of Hong Kong-based social casino game company SpinX Games for US$2.19 billion. Netmarble acquired SpinX through its holding company based in the Cayman Islands, in an effort to diversify its game ...
When researchers from the Massachusetts Institute of Technology visited Rich Gent's machine shop here to see how automation was spreading to America's small and medium-sized factories, they expected to find robots.
ADDIS ABABA -Ethiopia will reopen bidding for its second telecoms operator licence this month, two senior government officials said on Monday, including the right to operate mobile financial services. The Horn-of-Africa nation sold only one of two full-service licences on offer in May, citing a ...
