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...

According to an internal notification and sources with knowledge of the situation, Tesla has halted manufacturing of its electric cars at its Shanghai factory in China on Saturday, a week earlier than it had originally planned to halt most operations there during the final week...

A joint venture between fund manager BlackRock Inc. and wireless carrier AT&T Inc. will run a fiber-optic platform in the US, the companies announced on Friday.   According to them, the company, Gigapower LLC, intends to extend its network beyond AT&T's conventional 21-state wireline...

Elon Musk, the new owner of Twitter Inc., had ordered the removal over the past few days of a feature that encouraged suicide prevention hotlines and other safety resources to users searching for specific content, said rources with knowledge of the matter, according to the news agency...

Tesla Inc stock plummeted on Thursday after the luxury electric carmaker began offering $7,500 discounts on Model 3 and Model Y vehicles delivered in the United States this month, fuelling concerns that the company will face softening demand as economies slow.   Tesla began offering a $3,750...