After the airline announced a financial restructuring on Tuesday to avoid bankruptcy, enlisting significant new investors and wiping out the stakes of its more than 250,000 owners, SAS shares plunged by as much as 95% on Wednesday.   Midway through 2022, the largest carrier in Scandinavia...

A legal-marketing firm filed a lawsuit against X Corp, formerly known as Twitter, in federal court in Florida on Monday, alleging that the social media giant's new name violates its trademark featuring the letter "X."   According to the complaint filed by X Social Media, Elon Musk's X Corp,...

Apple has announced that it will deliver a software update to address customer complaints about the newest iPhone 15 models' tendency to overheat, which were released less than a week ago.   Apple claimed that a mix of problems in iOS 17, bugs in apps, and a brief setup period were to blame...

Several Wall Street analysts cautioned in the lead-up to the report that could come as early as Sunday that Tesla may miss projections for third-quarter deliveries owing to planned manufacturing shutdowns and lacklustre demand that caused the automaker to hike discounts.   Brokerages such as...

The founder of China Evergrande, the most indebted real estate developer in the world, is under investigation for "illegal crimes," which presents a new obstacle for the tycoon and his troubled business as it tries to survive.   Since Chinese President Xi Jinping assumed office in 2012, Hui...

The web will now be accessible to ChatGPT users, according to Microsoft-backed OpenAI, extending the data the popular chatbot may access past its original September 2021 limit.   According to the artificial intelligence startup, ChatGPT's most recent browsing feature will let websites manage...

HSBC is planning to purchase Citigroup's China consumer wealth management company, which oversees more than $3 billion in assets, according to reports quoting sources with knowledge of the situation. This will significantly expand the London-based bank's operations in that nation.   One of...

According to unnamed sources close to the manufacturer, Tesla is working on an improvement to its "gigacasting" technique to die cast nearly all of the vehicle's underbody components in one piece, the Shanghai Securities News said on Wednesday.   The state-owned Chinese publication did not...

According to a report published in Bloomberg News, authorities in China have placed under police surveillance the chairman of China Evergrande Group, casting further doubt on the developer's future as it faces liquidation.   According to the article, Hui Ka Yan, who created Evergrande...

The shares of the troubled real estate developer China Evergrande Group fell for a second straight day on Tuesday, falling as much as 8% after one of its units failed to make an onshore bond repayment.   Hengda Real Estate Group, the primary domestic subsidiary of Evergrande, reported late...

A new study published this week raised concerns about whether the commonly used antiviral Covid tablet from Merck could potentially speed up the evolution of the virus by causing mutations that occasionally transmit to other people.   The research may raise questions regarding the efficacy...