The Taiwanese electronic giant Foxconn unveiled its first three electric vehicle prototypes on Monday. The event strongly reflected the high ambitions of the tech company to diversify into a sector other than what it is best known for – making producing consumer electronics for Apple Inc. and other...

As its Chinese parent fights to make payments on more than $300 billion in debts, China Evergrande Group's Swedish electric vehicle business unit is in discussions with the United States and European venture capital companies and industrial partners to find a prospective buyer for the Chinese owned...

The total endowments to Harvard University, which is identified already as the wealthiest one in the world, has increased by 34 per cent and had grown to reach $53.2 billion in the fiscal year of the institution that ended in June this year, the varsity said earlier in the week.   This large...

Following the delay in the completion of a new greenfield mine at Gudai-Darri due to a shortage of labor market in Western Australia forced the mining giant Rio Tinto Group to trim down its iron ore shipment forecast for 2021 on Friday.   "It has been another difficult quarter operationally...

Offshore bondholders of China Evergrande Group are concerned that the company is on the verge of defaulting on debt payments, and they want more details and openness from the cash-strapped property developer, according to their advisers.   Evergrande, which is grappling with debts totaling...

REC Solar Holdings has been acquired from China National Bluestar (Group) Co Ltd. by India’s Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), in a deal worth $771 million in cash, RNSEL said on Sunday.   The RIL aims to become a net...

Since there has so far been a little clue about how local authorities and regulators plan to prevent a contagion that could ensue after a possible collapse of the cash-strapped and heavily indebted China Evergrande, there was a slump on Friday of Chinese property developers' bonds and shares....

Environmental groups in Germany are up in arms against local authorities granting special permission to Tesla founder and CEO Elon Musk for hosting a county fair in the small town of Gruenheide this Saturday. According to reports, local authorities have bucked a pandemic-related curb of allowing...

The top American automaker General Motors Co has set a target of doubling its revenue by 2030, company’s Chief Executive Mary Barra told investors on Wednesday, by increasing its profits from combustion vehicles while also introducing new electric vehicles and digitally powered services to catch up...

The Swedish flat-pack furniture giant IKEA is planning to buck the global supply chain issues being faced currently by all industries as the company now aims to shift more of its production activities to Turkey so that it faces minimal issues in quickly supplying its products through the global...

In order to satisfy the European Union antitrust body to allow its acquisition of the British chip designer Arm, semiconductor chip maker Nvidia has offered concessions to the regulator, according to a filing by the company to the European Commission on Wednesday.   Since the announcement of...