A New York judge ordered JPMorgan Chase & Co to face a lawsuit filed by the French manufacturer of Ray-Bans, which claimed cybercriminals withdrew $272 million from its New York account after the bank ignored "red flags" of suspicious activity.   On Wednesday, US District Judge Lewis...

Sony revealed a working model of the new "Afeela" electric vehicles it will build with Honda, claiming that it will use its vast entertainment content to become a player in next-generation cars.   The Afeela, which has rounded corners and a sleek black roof, was shown off by Sony at the CES...

The planned layoffs at Amazon.com Inc's will now total more than 18,000. This will be a part of the previously announced plan of the e-commerce giant to to reduce its workforce.  This announcement was made by the company's Chief Executive Andy Jassy in a public staff note.   ...

A legal suit has been filed against the United States based airlines Southwest Airlines by a passenger who claims the airline was unable to provide refunds to a number of passengers who were marooned after the carrier cancelled more than 15,000 flights late last month due to an...

A unit of Tokyo Gas Co Ltd is in advanced stages of negotiations for acquiring US natural gas producer Rockcliff Energy from the private equity firm Quantum Energy Partners in a potential deal worth almost $4.6 billion, including debt, said a report published by...

A tender for the sale of the embattled China Evergrande Group's Hong Kong headquarters has lapsed again, according to two sources with knowledge of the matter on Tuesday, because the offer prices and terms fell short of the requirements.   China Evergrande Centre's lenders appointed a...

The South Korean antitrust regulator announced a 2.85 billion won ($2.2 million) fine against Tesla Inc for failing to inform customers about the shorter driving range of its electric vehicles (EVs) in cold weather.   According to the Korea Fair Trade Commission (KFTC), Tesla exaggerated the...

Huawei Technologies Co Ltd estimated on Friday that its 2022 revenue would remain flat, implying that the sales decline caused by US sanctions had ceased.   Despite a 0.02% increase in sales, rotating chairman Eric Xu was upbeat in the company's annual New Year's letter, where he revealed...

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...