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Amazon leads 700-mln-USD investment in electric truck startup

Amazon leads 700-mln-USD investment in electric truck startup

2019-02-16 18:41

U.S. online retailing giant Amazon is leading a 700-million-U.S.-dollar funding round for electric truck startup Rivian Automotive, Rivian said Friday

Chinas ride-hailing giant Didi to cut 2,000 jobs

China's ride-hailing giant Didi to cut 2,000 jobs

2019-02-15 15:35

China's ride-hailing giant Didi Chuxing will cut 15 percent of its staff this year, or around 2,000 jobs, the company said Friday.

Suning.com takes over Wandas department store business

Suning.com takes over Wanda's department store business

2019-02-15 09:26

Suning.com had bought out all of the 37 department stores owned by the Chinese real estate conglomerate Wanda Group.

BYD signs deal to build cross-sea monorail in Brazil

BYD signs deal to build cross-sea monorail in Brazil

2019-02-15 09:18

Chinese leading electric vehicle maker BYD has signed a deal to start building its SkyRail in Salvador, Brazil.

Chinas biggest carmaker SAIC Motor reports dropping January sales

China's biggest carmaker SAIC Motor reports dropping January sales

2019-02-15 09:14

China's biggest carmaker SAIC Motor reported dropping sales in January as the growth of the country's automobile sector slows down.

Chinas Ant Financial acquires intl payment firm WorldFirst

China's Ant Financial acquires int'l payment firm WorldFirst

2019-02-15 09:10

Ant Financial, an Alibaba affiliate, announced on Thursday it has taken over UK-based international payments group WorldFirst.

German Commerzbank net profit sevenfold in 2018

German Commerzbank net profit sevenfold in 2018

2019-02-15 08:42

The German Commerzbank achieved net profit of 865 million euros (974.52 million U.S. dollars) in 2018, nearly sevenfold the 128 million euros in 2017.

AUSTRALIA MARKETS(2019-02-14)

AUSTRALIA MARKETS(2019-02-14)

2019-02-14 14:50

Retirement community operator Aveo has been hit by a slowdown in the property market.

Chinas BYD posts strong green car sales in January

China's BYD posts strong green car sales in January

2019-02-14 14:35

Chinese leading electric vehicle maker BYD sold 28,668 new energy vehicles (NEVs) in January, up by 291.11 percent from the same period last year.

Apple, Google face criticism

Apple, Google face criticism

2019-02-14 11:40

Apple and Google are facing criticism for offering an application that lets men in Saudi Arabia track and restrict women's movements.

Google to invest 13 bln USD in U.S. data centers

Google to invest 13 bln USD in U.S. data centers

2019-02-14 11:30

Google will make a new investment of more than 13 billion U.S. dollars in data centers across the United States in 2019.

Tesla is staking its future on China — heres what its up against

Tesla is staking its future on China — here's what it's up against

2019-02-13 16:38

Tesla CEO Elon Musk said on the company's most recent earnings call, "Bottom line is we need the Shanghai factory."

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