The use of less expensive, iron-based batteries will be extended by Tesla Inc. to a more economical electric vehicle as well as a version of its Semi big electric trucks.   Elon Musk, the CEO of Tesla, has promoted the lithium iron phosphate (LFP) battery technology that is largely produced...

Many individuals rushed to get a glance of the store's black and yellow artwork, which was modeled after Mumbai's recognizable taxis, as Apple Inc. unveiled the appearance of its first retail location in India.   According to a source familiar with the situation who spoke to Reuters, the...

Toyota Motor Corp. of Japan is considering a factory floor makeover as it plans a transition to a new, specialized platform for battery electric vehicles, according to four individuals familiar with the topic.   According to one of the sources, Koji Sato may disclose the existence of a new...

As part of a restructuring effort by CEO Wael Sawan to increase the energy giant's profits, Shell is dividing up its renewables and low-carbon division.   The adjustments come as Sawan, who assumed office at the beginning of the year, has hinted recently that Shell is thinking about doing...

Virgin Orbit Holdingso, a manufacturer of rockets, announced it was laying off around 85% of its workforce because it was unable to secure additional funding.   In after-hours trading, the company's shares, which are owned by Richard Branson's Virgin Group, dropped 38%.   According to...

The British clothing retailer Next announced on Wednesday that its annual earnings had increased by a better-than-anticipated 5.7% and that it would not need to raise prices as much as initially anticipated.   But, the retailer's shares were down 6% in morning trading after it maintained its...

After posting an 11-fold gain in fourth-quarter earnings, Chinese electric vehicle (EV) manufacturer BYD claimed on Wednesday that it was big enough to weather the effects of a brutal price war and waning Chinese demand.   A growing product lineup that is assisting it in surpassing...

With the launch of its "buy now, pay later" (BNPL) service in the US, Apple Inc. has the potential to upend the fintech industry, which is currently dominated by companies like Affirm Holdings and the Swedish payments company Klarna.   According to the firm, Apple Pay Later will let...

After urging the USPTO to deny a Black Lives Matter application for a trademark with three parallel stripes on Tuesday, sportswear manufacturer Adidas AG changed its mind on Wednesday.   "Adidas will withdraw its opposition to the Black Lives Matter Global Network Foundation's trademark...

According to a statement addressed to staff and reviewed by the media, Walt Disney Co started 7,000 layoffs planned earlier this year as it strives to minimize expenses and build a more "streamlined" operation.   According to a person familiar with the situation, several main...

Only verified accounts will appear in Twitter's recommendation feed, according to Elon Musk, as the billionaire continues to shake up the social media platform.   Twitter's "For You" page displays tweets from people they don't follow but are recommended by the social media company's...