About 6,000 Black factory workers in California may file a collective lawsuit against Tesla for allegedly failing to stop widespread racial discrimination and harassment at its Fremont facility, according to a tentative ruling by a state judge.   In a written judgement on Wednesday,...

According to reports on Thursday, environmental and human rights organisations have opened a new case against Standard Chartered for its financing of four coal-fired power plants in the Philippines, filing a complaint with a British government mediation organisation.   By funding the...

Chinese property developer Country Garden announced on Wednesday that it has been the target of a liquidation petition for failing to repay a $205 million loan, casting doubt on its chances of a debt restructuring and jeopardising Beijing's attempts to bolster the real estate industry.   The...

The consumer goods company Reckit had its shares fall 10% on Wednesday after missing fourth-quarter like-for-like net sales projections due to an audit revealing certain workers had underreported liabilities in the Middle East.   Investors slammed Reckitt's "vague" expectations for this...

Due to the weakening of the local market and currency, Standard Chartered has stopped accepting new investments from its clients in China into offshore goods through a quota-based route. The bank announced this move in response to a spike in demand for foreign investments.   The London-based...

Google Cloud, a division of Alphabet, increased its criticism of Microsoft's cloud computing policies on Monday. According to the company, Microsoft is attempting to create a monopoly that would hinder the advancement of cutting-edge technology like generative artificial intelligence.  ...

In a highly competitive market, Chinese smartphone manufacturer Xiaomi thinks it has found a consumer niche that would pay for its planned electric vehicle. Weibing Lu, the president of Xiaomi Group, stated, "We think it's a good starting point for us in the premium segment because we already...

To compete with Chinese-founded rival Shein, Inditex, the owner of Zara and the largest listed fast fashion company in the world based on sales, is growing its budget-friendly Gen Z-focused brand Lefties.   Shein is an online marketplace that does not have any physical storefronts, and its...

According to a Bloomberg News story, the Chinese company Ant Group, a fintech behemoth, has outbid billionaire Ken Griffin's Citadel Securities for Credit Suisse's investment bank venture in China. However, it is uncertain if Ant Group's offer would be accepted.   Beijing prefers a foreign...

Google CEO Sundar Pichai suggests that quick advances in artificial intelligence could bolster cyberspace defences against security attacks.   Pichai stated that the intelligence capabilities might assist governments and businesses in accelerating the identification of — and reaction to —...

In a late-Wednesday filing with the Securities and Exchange Commission, Nvidia named Huawei as a top rival in a number of sectors, including artificial intelligence chips.   According to the Santa Clara, California-based corporation, Huawei, a Chinese company, is a competitor in the supply...