A unit of Tokyo Gas Co Ltd is in advanced stages of negotiations for acquiring US natural gas producer Rockcliff Energy from the private equity firm Quantum Energy Partners in a potential deal worth almost $4.6 billion, including debt, said a report published by...

A tender for the sale of the embattled China Evergrande Group's Hong Kong headquarters has lapsed again, according to two sources with knowledge of the matter on Tuesday, because the offer prices and terms fell short of the requirements.   China Evergrande Centre's lenders appointed a...

The South Korean antitrust regulator announced a 2.85 billion won ($2.2 million) fine against Tesla Inc for failing to inform customers about the shorter driving range of its electric vehicles (EVs) in cold weather.   According to the Korea Fair Trade Commission (KFTC), Tesla exaggerated the...

Huawei Technologies Co Ltd estimated on Friday that its 2022 revenue would remain flat, implying that the sales decline caused by US sanctions had ceased.   Despite a 0.02% increase in sales, rotating chairman Eric Xu was upbeat in the company's annual New Year's letter, where he revealed...

ExxonMobil, a major US energy company, is suing the European Union (EU) to stop its new windfall tax on oil companies. Firms that benefited from something they were not responsible for must pay a windfall tax.   Due in part to supply concerns following Russia's invasion of Ukraine, energy...

With the stock closing down 11% on Tuesday, the sell-off in Tesla accelerated. Elon Musk's electric car company, which has passed Meta to become the worst-performing stock among the most valuable tech companies in 2022, is just days away from finishing its worst month, quarter, and year ever....

According to the administration branch of the U.S. House of Representatives, the well-known Chinese video app TikTok has been removed from all devices under its control. This mimics a law that will soon be in effect that will remove the app from devices used by the U.S. government.   The app...

Despite challenges from the energy crisis, a lack of raw materials, and a sluggish global economy, German companies expect only a mild recession next year, according to a survey of major associations published by Reuters on Tuesday.   "The last quarter of 2022 and the start of 2023 are...

Three insurance companies of Japan that will stop providing marine coverage for risks associated with the conflict in Ukraine beginning next month have stated that they are in talks with reinsurers to resume those operations.   With effect from January 1, Tokio Marine & Nichido Fire...

Despite predictions of an economic slowdown, Samsung Electronics intends to increase chip production capacity at its largest semiconductor plant next year, according to a South Korean newspaper late on Sunday.   The action contrasts with rival chipmakers' reduction in investment due to a...

Parent company of the social media platform Facebook, Meta, has agreed to pay $725 million to resolve a lawsuit involving a data breach connected to the political consulting firm Cambridge Analytica.   In the ongoing dispute, Facebook was accused of granting access to user...