BERLIN: Urban mobility company Lime said on Thursday it had turned its first quarterly profit, as it launched a new e-scooter model amid signs that the market for socially distanced short-range travel is hotting up. The U.S. startup raised US$170 million (£128 million) at a reduced valuation in ......
REUTERS: Billionaire venture capitalist Peter Thiel has joined AbCellera Biologics Inc's board of directors, the Canadian antibody therapy developer said on Thursday. Thiel, who has backed several startups as they went public, is an existing investor in AbCellera. He joins the startup's board a ...
General Motors Co on Thursday stepped up its challenge to electric vehicle leader Tesla Inc , boosting planned spending on future electric models by 35per cent to more than US$27 billion and outlining plans to increase battery output to meet ramped-up vehicle production targets.
The number of Americans filing first-time claims for jobless benefits unexpectedly rose last week, likely as new business restrictions to control spiraling COVID-19 infections unleashed a fresh wave of layoffs, which could further slow the labor market recovery.
Facebook Inc 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.
US home sales increased for a fifth straight month in October, but record-high house prices because of tight supply could slow momentum.
The European Commission plans to step into the patent dispute between tech companies and carmakers and may set up a system to check whether some patents are essential to a technology standard as claimed, according to a Commission document.
Gulfstream Aerospace's president said on Thursday he believes the company's ability to deliver business jets during the fourth quarter seems unimpeded by the novel coronavirus, even as cases surge globally.
The S&P 500 and the Dow edged lower on Thursday as new coronavirus restrictions and an unexpected rise in weekly jobless claims raised fears of stalling economic growth in the absence of new stimulus measures.
REUTERS: Santa cannot sit with kids in shopping malls this year, but they can still tell him their Christmas wishlist in a video chat at home. Technology company Storyfile has come up with an artificial intelligence alternative to the holiday tradition: an interactive website where Father ...
