Tesla announced on Friday that it was withdrawing its application for state aid to its battery factory planned near Berlin since the CEO Elon Musk said Tesla was against all government subsidies.   The European Union in January approved the plan, which included government assistance in the...

A restructuring plan in its effort to exit its Chapter 11 bankruptcy was filed by Chile's LATAM Airlines Group SA in which the airlines has proposed to infuse $8.19 billion as capital into the group.    According to the company’s statement issued on Friday about the plans, a combination...

Roche shareholders voted with overwhelming majority on Friday to approve their shareholders' vote to approve the $20.7 billion deal for the purchase of Novartis's almost one-third voting stake, the Swiss drugmaker announced.   Roche organized an extraordinary general assembly to settle...

A government agency has taken control of China Evergrande's (3333.HK) soccer field with the intention of making it available for sale, a source who has direct knowledge of the matter said to Reuters as the debt-ridden property developer tries to meet obligations.   Evergrande, which is...

Authorities in China have ordered the domestic technology giant Tencent to put on hold its planned launching of new apps in the country.   A temporary suspension of updates to the products of the company has also been ordered by the country's Ministry of Industry and Information Technology...

Chinese regulators have been pressing top executives at ride-hailing big Didi Global Inc to devise plans to remove the company of the New York Stock Exchange due to security concerns regarding data Two people who have experience in the field have told Reuters.   China's strong Cyberspace...

Jamie Dimon, the CEO of JP Morgan, has apologized for claiming that his Wall Street firm will outlast China's Communist Party.   The remarks, delivered at a US event, infuriated Chinese officials, who warned that they may jeopardize the bank's aspirations in the nation.   "I regret...

Prior to the Korean conglomerate, Samsung made the announcement that it would be building a new semiconductor chip factory worth $17 billion, very few people in the United States knew the name of the small town of Taylor in Central Texas, said Williamson County Judge Bill Gravell.   Local,...

According to reports published in the media, notifications of delay in delivery of its electric vehicle – that R1S SUV, is being sent to those who had booked the vehicle by the electric vehicle (EV) maker Rivian Automotive Inc, a start6up that has the backing of Amazon.   Following this...

On Wednesday, Toshiba Corp's second-largest shareholder expressed opposition to the Japanese conglomerate's proposal to divide itself into three businesses, instead urging it to seek offers from possible purchasers, according to a report by the news agency Toshiba.   In a three-page letter...

The Norwegian robotics company AutoStore is expecting a hit to its earnings margins in the short term, because of a shortage in supply of some of the critical components used for its products, the company said this week. Prior to making this forecast, the company also reported a 59 per cent year on...