U.S. manufacturing activity slowed in November, with new orders retreating from their highest level in nearly 17 years, as a resurgence in COVID-19 cases across the nation kept workers at home and factories temporarily shut down to sanitize facilities.
FRANKFURT: Alexander Hitzinger, a 49-year-old engineer who defected to Apple after helping to develop Porsche's winning 919 racecar, has been lured back to Volkswagen Group for perhaps his biggest challenge yet: building an electric car to take on Tesla. While Volkswagen, the world's largest ...
Tesla Chief Executive Elon Musk said on Tuesday that electricity consumption will double if the world's car fleets are electrified, increasing the need to expand nuclear, solar, geothermal and wind energy generating sources.
U.S. airlines would receive US$17 billion for four months of payroll support under a new US$908 billion bipartisan Senate COVID-19 relief proposal, two people familiar with the matter said.
China successfully landed a spacecraft on the moon's surface on Tuesday in a historic mission to retrieve lunar surface samples, Chinese state media reported.
Volkswagen, the world's largest vehicle maker by sales, risked a leadership crisis on Tuesday after Chief Executive Herbert Diess forced a vote of confidence in his reform efforts by asking for an early contract extension.
Airbnb Inc is aiming for a valuation of nearly US$35 billion in what will be the last blockbuster U.S. IPO of the year, marking a stunning recovery in its fortunes after the home rental firm was ravaged by the COVID-19 pandemic earlier this year.
Nasdaq Inc on Tuesday filed a proposal with the U.S. Securities and Exchange Commission that, if approved, will require all Nasdaq-listed companies to adopt new rules related to board diversity and disclosure or potentially face delisting.
Facebook-backed cryptocurrency Libra has been rebranded "Diem" in a renewed effort to gain regulatory approval by stressing the project's independence.
Wall Street's main indexes were set to open higher on Tuesday as better-than-expected factory data from China and hopes that a COVID-19 vaccine will be rolled out before the end of the year bolstered bets of a speedy economic recovery.
