Mazda Motor Corp of Japan stated on Friday that following COVID-19 lockdowns in Shanghai disrupted supplies and hampered production, it will ask its parts suppliers to expand stocks in Japan and create components outside of China.   The request from the Hiroshima-based manufacturer...

Daimler Truck will maintain high prices even if certain costs begin to decline in order to compensate for reduced profits since last year, the truckmaker said on Thursday, anticipating solid demand into 2023 despite recession fears.   Energy prices, supply chain bottlenecks in China, and...

Walt Disney Co surpassed Netflix Inc in total streaming consumers with 221 million and said that it will raise pricing for customers who wish to watch Disney+ or Hulu without advertisements.   In December, when it begins to offer a new option that includes commercials at the existing price,...

Lenovo Group of China reported its smallest revenue rise in nine quarters as the world's largest PC maker saw device sales slow after a pandemic-fueled surge, and it was also hampered by COVID-19 lockdowns at home.   The results validate Lenovo's strategy of focusing on non-PC sectors such...

Toshiba Corp reported an unexpected operational loss in the first quarter on Wednesday, blaming it on rising logistical and raw material costs, as well as a global chip shortage.   Masayoshi Hirata, the conglomerate's chief financial officer, told reporters that the company's first quarterly...

According to the Nikkei business daily, Mitsui Sumitomo Insurance Company, a part of Japan's MS&AD Insurance Group Holdings, will spend approximately $400 million to acquire US reinsurance broker Transverse.   According to the Nikkei, the Japanese property insurer intends to obtain...

Hodlnaut, a Singapore-based cryptocurrency lender and borrower, announced that it had ceased withdrawals, swaps, and deposits, the latest symptom of stress in the cryptocurrency business.   In addition, the crypto lender announced that it would withdraw its application for a license from the...

In a Delaware court filing, Twitter Inc denied Elon Musk's accusations that he was duped into accepting the deal to buy the social media business, calling them "implausible and contrary to truth."   Musk made the charges in a sealed countersuit filed last Friday that was made public on...

According to two persons familiar with the situation, Uber Technologies sold its 7.8 per cent interest in Indian food delivery firm Zomato Ltd for $392 million in a block deal on local exchanges on Wednesday.   According to them, the transaction was completed at a price of 50.44 rupees per...

Electric vehicle batteries are in short supply, and elements such as nickel and cobalt are becoming increasingly expensive. Nonetheless, Ford Motor Company claims that it will be profitable to create millions of EVs per year in just four years.   This week, the Detroit carmaker provided...

Instagram has paused the deployment of new features on its app in response to online outrage from users, influencers, and celebrities. The new features included an increase in recommended video material, comparable to rival app TikTok.   People complained about the presentation and feeds...