As pricing wars intensify in China's intensely competitive electric car sector, Chinese smartphone manufacturer Xiaomi announced on Thursday that it will offer its first vehicle for significantly less than Tesla's Model 3.   The base SU7 model will retail in the nation for 215,900 yuan...

On Thursday, a judge sentenced Sam Bankman-Fried to 25 years in jail for stealing $8 billion from users of the now-bankrupt FTX cryptocurrency exchange he established, marking the final stage in the erstwhile billionaire wunderkind's stunning downfall.   U.S. District Judge Lewis Kaplan...

Tesla is anticipated to report poor first-quarter deliveries next week as the boost from price reduction fades and the US manufacturer faces stiff competition for buyers in a declining electric-vehicle industry.   After years of strong sales growth that propelled it to the world's most...

Hyundai Motor Group announced that it will invest 68 trillion won ($51 billion) in South Korea over three years to increase electric vehicle manufacturing and new mobility operations, as well as hire 80,000 new personnel, doubling down at a time when other established automakers are halting their...

Chinese e-commerce vendors are dissatisfied with actions they claim the short video app has taken to tighten enforcement of its regulations for foreign sellers launching stores on the platform. These vendors want to sell their goods on TikTok Shop in the United States as an alternative to Amazon....

In their Nasdaq launch, shares of Donald Trump's Trump Media & Technology Group shot up as much as 59%, spurred on by the former US president's fans and offering him a possible windfall as he struggles with the expenses of many legal challenges.   TMTG's market capitalization exceeded...

As antitrust authorities on both sides of the Atlantic hammer down on alleged anti-competitive activities that could lead to break-up orders for Apple and Alphabet's Google, a first for the sector, Big Tech is facing its toughest threat in decades.   This might then encourage watchdogs...

Nike has depended more and more on its recognisable basketball shoes to increase sales, but some analysts and investors are questioning whether this is the right move as the sportswear behemoth loses market share to more recent companies.   Following a post-earnings conference call when...

Reddit's stock surged 48% on its first day of trading in New York, indicating a potential rebound in investor interest in initial public offerings (IPOs) of profitable but promising businesses.   Reddit, which deceived investors by portraying its material as a training environment for...

Citing worries about the tech giant Google’s AI service, France's competition authority announced on Wednesday that it has fined Alphabet's Google 250 million euros ($271.73 million) for violations of EU intellectual property laws in its dealings with media publishers.   The watchdog claimed...

With its gaming revenue declining, Chines tech company Tencent Holdings reported a less impressive-than-expected 7% increase in fourth-quarter revenue on Wednesday. The company also stated that it planned to at least treble its share buybacks this year.   For the three months that...