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...

The largest airline in Australia, Qantas Airways, announced on Monday that it would spend more money than initially anticipated to address "customer pain points," but also issued a warning that rising fuel prices could compel it to boost prices above their current levels.   Investors...

In order to invest more money in producing TV episodes and movies, Amazon plans to add advertisements to its Prime Video streaming service in 2024.   Customers of UK Prime, as well as those in the US, Germany, and Canada, will begin to see advertisements in early 2019 unless they pay an...

Foodpanda, a Singapore-based food delivery service, announced to the media on Friday that it is carrying out its most recent round of layoffs because the need to be "more agile remains critical."   “Our company priority right now is to become leaner, more efficient and even more agile. To do...

Tesla has developed plans to produce and market battery storage systems in India and has submitted a proposal to officials looking for incentives to create a facility. This comes as Elon Musk makes more efforts to establish himself in the country, according a report by Reuters citing information...

As a result of a majority stake purchase by investors, Toshiba, one of the largest and oldest companies in Japan, is about to terminate its 74-year stock market history. A group led by private equity firm Japan Industrial Partners (JIP) has acquired 78.65% of the company's shares, the company has...

A subsidiary of Huawei Technologies is exporting new Chinese-made chips for security cameras, which is a new indication that the Chinese tech giant is finding ways to get over export restrictions that have been in place for four years, according to a report published by Reuters quoting information...

To make up for lost ground in battery electric vehicles, Toyota has turned to self-propelled assembly lines, enormous die casting, and even traditional hand polishing at its facilities in Japan's industrial heartland.   The top-selling automaker in the world believes that by fusing new...