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China Gives License To BlackRock To Start Mutual Fund Business There

Chinese authorities have granted permission to start its business in the country as Beijing starts to open up its $3.5 trillion industry. That makes BlackRock the first global asset management company to start business in China as a wholly-owned onshore mutual fund company.   Approval to...

Tesla’s Faster Model S 'Plaid' Launched, Musk Says 'This Car Crushes'

"This car crushes," said Elon Musk, CEO of the United States based electric car maker Tesla Inc as it launched a version of its Model S at an event organized at Tesla's US factory in Fremont, California.   Through this launch, the company aims to tackle competition from rivals such as...

Tesla Launches High-Performance Model S ‘Plaid’ To Rival Luxury Brands Like Mercedes, Porsche

United States based electric car maker Tesla Inc launched a version of its Model S, which will be a high performance vehicle, as the company aims to tackle competition from rivals such as Porsche, Mercedes-Benz and Lucid Motors in the luxury electric vehicle market and to potentially reignite...

29% Surge In Sale Of Tesla's China-Made Vehicle Sales In May

There was a 29 per cent surge in the sale of China made cars from the United States based electric car maker Tesla Inc in May as the company sold 33,463 electric cars made in China in the month, showed data from the China Passenger Car Association (CPCA) on Tuesday.   CPCA said that on a...

Apple Talking With CATL, BYD For EV Battery Supply For Its Electric Car: Reuters

Negotiations between the iPhone maker Apple Inc and the Chinese firms CATL and BYD over the supply of batteries for the planned electric vehicle of the American company is currently undergoing and is in the early stages, claimed a report published by the News agency Reuters citing sources with...

Walmart's Flipkart Negotiating With Investors Including Softbank To Arise $3 Bln: Reports

According to recent reports, the Indian e-commerce firm Flipkart, which is owned by the United States based retailer Walmart Inc, is currently negotiating with potential investors to raise at least $3 billion.   The reports highlighted that the potential investors that are being targeted...

Google To Change Its Online Ad Practices In Settlement With France's Antitrust Watchdog

Alphabet's Google has reached an unprecedented settlement with France's antitrust watchdog as the company agreed to bring in changes to a part of its widely-used online advertising services globally.   The French antitrust authority had slapped a fine of €220 million ($267.48 million) to the...

New Operating System For Its Phones Launched By Huawei As It Targets ‘IoT’ Market

China’s Huawei Technologies started to roll out its newly made and proprietary operating system called the Harmony operating system (HarmonyOS) for smartphones starting Wednesday. This is a part of the efforts of the embattled company to recover from the hit to its smartphone business because of...

New Auto Battery Plant In Shanghai To Be Built By Tesla Supplier CATL: Reuters

China's CATL is continuing to expand at a frantic pace and is now planning to set up a major new automotive battery plant in Shanghai, in China, said a report published by the news agency Reuters. The completion of the factory will make the company the leading supplier of auto batteries in the...

A Direct Stake In Potential Porsche IPO Being Considered By Porsche, Piech Families: Reports

If the luxury carmaker Porsche AG comes to decide to separately listed on a stock exchange, a direct stake in the luxury car maker could be taken by the Porsche and Piech families, who control Volkswagen's largest shareholder said reports quoting sources with knowledge of the matter.   If...

Online Second-Hand Fashion Seller Sellpy, Majorly Backed By H&M, Expands Into 20 European Countries

Placing its bet on the continuation in the growth in demand for sustainable fashion, the Swedish online second hand retailer Sellpy is expanding into 20 more countries in Europe.  A majority stake in the company is owned by the fashion giant H&M.   This was announced by Sellpy on...

Charges Of Labour Abuse Faced In Malaysia By American Tyre Maker Goodyear

Allegations of unpaid wages, unlawful overtime and threatening of foreign workers at its Malaysian factory are being faced by the American tire manufacturer Goodyear Tire & Rubber Co, showed court documents and complaints filed by workers according to a report published by the news agency...
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