Morgan Stanley increased its price estimate for Tesla's energy storage division, citing the company's potential to expand its market position in the industry and a global spike in power consumption brought on by the rise in artificial intelligence.   The firm reduced its estimate for Tesla's...

On Wednesday, Samsung Electronics introduced its newest foldable smartphones, challenging Apple's hegemony in the high-end market by making its most expensive flagship model lighter and narrower and enhancing AI features.   Along with a redesigned ring for convenient screen management and...

Following its acquisition of Credit Suisse, UBS has been placed under surveillance by Switzerland's consumer pricing watchdog, the regulator said on Thursday. This was due to worries that the bigger lender's market dominance may result in higher lending costs.   According to a statement, the...

In order to end a Department of Justice investigation into two fatal 737 MAX accidents, Boeing will enter a guilty plea to criminal fraud conspiracy, the agency announced in a late-Sunday court filing.   Although Boeing is spared a legal battle with federal prosecutors thanks to the...

According to the Nikkei newspaper on Thursday, Japanese manufacturers Nissan Motor and Honda Motor are thinking about lowering their expenses by collaborating on electric car charging and utilising standardised automobile software.   In March, Nissan and Honda announced their consideration...

A top official at the Chinese tech behemoth Huawei refuted on Thursday the notion that the nation's ambition to become a leader in artificial intelligence will be hampered by a lack of the most cutting-edge chips, stating that creativity is required to solve the problem.   The remarks made...

The first battery cell production factory for electric cars in Indonesia was opened on Wednesday by LG Energy Solution (LGES) and the Hyundai Motor Group of South Korea. The project can produce 10 gigawatt hours (GWh) of battery cells annually.   The factory, which is a part of Hyundai Motor...

Indian labour inspectors inquired about Foxconn's recruiting procedures during a visit to a southern plant this week, an official said. The inquiry followed Reuters' revelation that the company, a key Apple supplier, had been turning away married women for iPhone assembly positions.   A....

Amazon reportedly plans to increase the value of credits it gives select businesses to utilise its cloud infrastructure by double because of increased competition from Microsoft in the artificial intelligence services market.   The Amazon cloud subsidiary informed venture capitalists this...

This week, Apple's mixed-reality headset—which retails for around 18% more than it does in the United States—started shipping to China.  In China, the device's starting price is 29,999 yuan, or $4,128; in the United States, its retail price is $3,500.   When questioned by the media, a...

A former managing director claimed the bank fired her in punishment for not lying to regulators about the firm's risk management procedures, and Citigroup requested a judge to reject the action.   As per a complaint made on Thursday night in Manhattan federal court, the third-largest U.S....