The Dutch competition watchdog ACM fined South Korean electronics giant Samsung 40 million euros ($46.9 million) on Wednesday over charges of price fixing in the Netherlands.   According to the market regulator, Samsung had intentionally driven up prices of its...

After it warned last week about it facing an unclear future till such time that it received a quick injection of cash and said that it would not go ahead with its plans for issuing of RMB shares, the stocks of China Evergrande's electric vehicle subsidiary fell by as much as 26 per cent...

While stating that his company – United States based Tesla will continue to invest in its business in China, company CEO Elon Musk essentially reaffirmed Tesla's commitment to the country.   Musk made his remarks at a pre-recorded question-and-answer session at the World Internet Conference,...

It was a few months ago that the ride hailing firm Uber Technologies had finally granted workers’ rights to its drivers, and now the company has said that it would start implementing its pension plan for all drivers who are eligible to get it within the United Kingdom.   Following a Supreme...

Daimler subsidiary Mercedes-Benz is currently implementing a strategy of expanding its European sourcing of battery cells that are critical for meeting its goals for electric vehicles, which are currently majorly manufactured in Asia, and announced an investment in battery cell maker Automotive...

Meng Wanzhou, the chief financial officer of the world's largest telecom equipment maker giant Huawei, was welcomed back to the "motherland" on Saturday after spending more than 1,000 days under house arrest in Canada on what the Chinese media termed baseless allegations of bank...

China Evergrande's electric vehicle company warned on Friday that it risked an unclear future except if it received an immediate financial infusion, marking the strongest evidence yet that the property developer's liquidity problem is spreading in other parts of the enterprise.   The...

With an interest payment deadline passing without any statement from the property behemoth China Evergrande on Friday raised fears of the beleaguered Chinese firm edging closer to the probable default that investors dread. The huge debt of the company has kept markets and investors on the edge,...

According to a Bloomberg Law report on Thursday, Chinese officials had ordered China Evergrande Group to prevent a near-term default on its dollar notes. The property developer is set to make a much-anticipated interest payment on its overseas debt on Thursday.   In a recent discussion with...

The world's biggest chipmaker, Samsung Electronics Co., will produce Tesla Inc.'s next-generation hardware 4 (HW 4.0) chip for the company's fully autonomous driving technology.   Samsung is expected to win the deal over larger foundry competitor Taiwan Semiconductor Manufacturing Co....

FedEx Corp., a United States based delivery company, reported a 7 per cent drop in its quarterly profits and lowered its full-year outlook on Tuesday. This was after labour shortages crimped earnings and drove up costs ahead the crucial holiday peak season.   After FedEx announced that...