Mark Mason, Chief Financial Officer of Citigroup, stated on Wednesday that restructuring and severance costs associated with the bank's biggest reorganisation in decades will total approximately $1 billion.   Mason stated at the Goldman Sachs U.S. Financial Services Conference that the...

Elon Musk's artificial intelligence business xAI has submitted an application to the US securities commission in an attempt to fund up to $1 billion through a stock offering, according to a filing on Tuesday,.   From a total offering amount of $1 billion, the company has raised $134.7...

In a scathing interview, billionaire Elon Musk ordered advertisers who had left his social networking platform X because to antisemitic content to "Go fuck yourself".   His obscene comments came after a brief period of regret during an interview with the New York Times DealBook Summit. Musk...

U.S. senators are putting more pressure on China-founded online retailer Shein to demonstrate that forced labour is not employed in the production of its $5 T-shirts and $10 sweaters as the company prepares to list in New York.   Shein may begin offering its shares for sale in 2024 after...

After selling shares to investors like Changan Auto, Huawei Technologies' new smart car software and component company is expected to be valued as much as 250 billion yuan ($34.67 billion), according to three people with knowledge of the situation.   The Chinese company announced on Sunday...

According to two people familiar with the subject, the fashion firm Shein has quietly registered to go public in the US. This makes it likely to be one of the most valuable China-founded companies to list in New York.   The IPO will be led by Goldman Sachs, JPMorgan Chase, and Morgan...

Part of Volkswagen's 10 billion euro ($10.9 billion) savings plan would include personnel cutbacks, company managers informed employees. Thomas Schaefer, the brand boss, issued a warning, stating that the company's cars were becoming less competitive due to high prices and insufficient...

India's Elon Musk, Bhavish Aggarwal, is rushing to launch millions of electric scooters and propel his country towards a cleaner future. However, some of his mechanics are unable to keep up.   Aggarwal compares Ola Electric to Tesla in the West, and the company is rapidly heading towards a...

Greenpeace, the global environmental organisation, said on Monday that large oil and gas corporations in China and other countries are "greenwashing" their natural gas imports by utilising cheap carbon offsets, all the while not adhering to strict emission reduction targets.   Long-term...

Old or young. X or TikTok. pro-Palestinian or pro-Israel. You are the only one on your social media feeds. Are they influencing your perception of the Israel-Gaza conflict?   Two videos play one after the other when I open my TikTok feed. The first features four Israeli soldiers dancing...

TikTok creator ByteDance intends to discontinue its Nuverse gaming brand and leave the mainstream video game industry, according to reports quoting information from people with knowledge of the situation.    Without providing any additional information, ByteDance informed Reuters...