Despite a chain of controversies, leadership changes, and changes in global strategies, Credit Suisse is still pinning its hopes on China and now intends to launch a new wealth business in the market next year, according to a report by Reuters quoting information from a senior Asia...

Negotiations between CVS Health Corp and home-healthcare company Signify Health Inc for an acquisition of the latter is in its advanced stages for completion of a deal worth $8 billion, said reports quoting people familiar with the situation.   CVS is close to completing the transaction,...

Meta Platforms Inc announced an agreement with Qualcomm Inc to produce custom chipsets for its Quest virtual reality devices on Friday at a consumer electronics conference in Berlin.   According to a statement, the companies' engineering and product teams will collaborate to produce the...

Toyota announced on Wednesday that it will invest an additional $2.5 billion in a U.S. facility that will produce batteries for both hybrid electric and battery electric vehicles.   Toyota Battery Manufacturing North Carolina is set to begin operations in 2025, with the company announcing a...

The global vehicle production of Japan’s Toyota Motor Corp has dropped by as much as 8.6 per cent in July compared to the same period a year ago, the automaker said on Tuesday, as it missed its previously announced production target for the fourth month in a row.   The company said that this...

Philips, a Dutch medical device company, said it has grown a previous recall of some respiratory machines to a total of 1,700 devices worldwide because of the possibility of a plastic element being contaminated with a non-compatible material.   According to a Philips spokesperson, the firm's...

An Australian regulator demanded that Facebook owner Meta Platforms, Apple Inc, and Microsoft Corp share their strategies for combating child abuse content on their platforms or face fines.   The e-Safety Commissioner, a body established to protect internet users, stated that it used laws...

Sony Group Corp announced on Monday that it will acquire Helsinki and Berlin-based mobile games company Savage Game Studios for an undisclosed sum as part of the Japanese conglomerate's major push beyond console gaming.   In May, Sony's gaming chief Jim Ryan outlined plans to significantly...

CATL, China's battery giant, is working on new battery materials that can improve energy density by 10 per cent to 20 per cent over iron phosphate batteries, according to the company's chairman, as the battery giant scrambles to maintain its lead amid competition.   Zeng Yuqun stated at the...

Sinopec Corp of China announced on Monday that it has completed the country's largest carbon capture, utilization, and storage (CCUS) facility in east China and plans to construct two more plants of comparable size by 2025.   The state-owned oil company is one of the leading companies in...

Instagram has denied viral claims that location markings on content can reveal users' exact locations. According to viral posts and videos, a "precise location" toggle in iOS and Android app location settings could share someone's exact location with other Instagram users.   According to...