International Business News

Tesla mocks shortsellers with sale of red satin shorts

Tesla mocks shortsellers with sale of red satin shorts

Musk has often taken umbrage at short-sellers and in 2018 sent a box of shorts to hedge fund owner and Tesla short-seller David Einhorn.

Jul 06, 2020, 18:19 PM IST
US FCC issues final orders declaring Huawei, ZTE national security threats

US FCC issues final orders declaring Huawei, ZTE national security threats

The FCC has taken an increasingly hard line against Chinese firms.

Jul 01, 2020, 11:06 AM IST
GoDaddy sacks hundreds despite business growth

GoDaddy sacks hundreds despite business growth

Most of the employees who have been asked to depart are working in the company's social media sales team in Austin, Texas.

Jun 29, 2020, 16:52 PM IST
This man 'accidentally' bought 28 Tesla cars for 1.4mn Euros

This man 'accidentally' bought 28 Tesla cars for 1.4mn Euros

The family placed an order for a new Model 3 equipped with Autopilot, but something did not go right with the Tesla website.

Jun 29, 2020, 13:01 PM IST
Elon Musk calls Jeff Bezos a 'copycat' over acquisition of self-driving firm Zoox

Elon Musk calls Jeff Bezos a 'copycat' over acquisition of self-driving firm Zoox

On Thursday, news reports surfaced that Amazon is set to spend over $1 billion to acquire self-driving car startup Zoox.

Jun 27, 2020, 14:56 PM IST
Sanofi considering up to 1,680 job cuts in Europe

Sanofi considering up to 1,680 job cuts in Europe

One source said the job measures would be carried out over three years.

Jun 26, 2020, 17:47 PM IST
Amazon to acquire self-driving firm Zoox for over $1bn: Report

Amazon to acquire self-driving firm Zoox for over $1bn: Report

The deal could be of immense significance to the e-commerce giant which has been experimenting with new technologies to make its delivery services faster and more efficient.

Jun 26, 2020, 13:10 PM IST
Samsung denies Vietnamese media reports of shifting display production from China

Samsung denies Vietnamese media reports of shifting display production from China

Samsung is the single largest foreign investor in Vietnam, with investments totalling $17 billion.

Jun 19, 2020, 17:32 PM IST
Pepsico to remove black woman image from Aunt Jemima packaging, change brand name

Pepsico to remove black woman image from Aunt Jemima packaging, change brand name

Aunt Jemima is one of the long-time brands of The Quaker Oats Company, a subsidiary of PepsiCo.

Jun 18, 2020, 15:54 PM IST
Elon Musk, Grimes confirm son's name on birth certificate

Elon Musk, Grimes confirm son's name on birth certificate

The birth certificate shows clearly the baby boy's first name as X, middle name X AE A-XII, and surname Musk.

Jun 18, 2020, 10:31 AM IST
AT&T plans to cut 3,400 jobs, shuts down 250 stores

AT&T plans to cut 3,400 jobs, shuts down 250 stores

These cuts come amid devastations caused by the Covid-19 pandemic.

Jun 17, 2020, 17:47 PM IST
HSBC revives 35,000 job cut plan after coronavirus outbreak

HSBC revives 35,000 job cut plan after coronavirus outbreak

It will also maintain a freeze on almost all external hiring, Chief Executive Noel Quinn said in a memo sent to HSBC`s 235,000 staff worldwide on Wednesday.

Jun 17, 2020, 15:30 PM IST
Japan's exports fall most since 2009 as US demand slumps

Japan's exports fall most since 2009 as US demand slumps

Weak global appetite for cars and slowing business spending could drag on Japan`s export-led economy, as China-bound trade remains weak, dashing hopes mainland demand could offset the weakness seen

Jun 17, 2020, 11:48 AM IST
Apple first US company to hit $1.5 trillion market cap

Apple first US company to hit $1.5 trillion market cap

Apple was the first US company to cross the $1-trillion mark in 2018.

Jun 11, 2020, 11:21 AM IST
Japan braces for worst postwar economic slump, pandemic tests policy response

Japan braces for worst postwar economic slump, pandemic tests policy response

Japan`s parliament will begin deliberating on Monday a second supplementary budget to fund part of a fresh $1.1 trillion stimulus package that includes loan schemes and a framework to inject capital

Jun 08, 2020, 18:07 PM IST
Tata Motors owned JLR raises $705 million loan from Chinese banks

Tata Motors owned JLR raises $705 million loan from Chinese banks

The fundraising comes as the coronavirus pandemic has hit global automakers` supply chains and sales. 

Jun 08, 2020, 12:39 PM IST
Arrest warrant sought for Samsung heir Lee Jae-yong over accounting fraud

Arrest warrant sought for Samsung heir Lee Jae-yong over accounting fraud

Samsung BioLogics has been suspected of committing a fraudulent accounting to help the Samsung heir inherit a management control over the entire group from his ailing father, Samsung Electronics

Jun 04, 2020, 11:10 AM IST
Twitter appoints ex-Google CFO as new board chairman

Twitter appoints ex-Google CFO as new board chairman

Pichette who joined Twitter's board of directors in 2017, earlier previously served as Google's CFO from 2008 till 2015.

Jun 03, 2020, 14:47 PM IST
Apple could achieve $2 trillion market cap in 4 years: Report

Apple could achieve $2 trillion market cap in 4 years: Report

Apple was the first US company to cross the $1-trillion mark in 2018.

Jun 02, 2020, 17:20 PM IST
George Floyd death: Satya Nadella, Tim Cook, Sundar Pichai express solidarity

George Floyd death: Satya Nadella, Tim Cook, Sundar Pichai express solidarity

Demonstrations and riots have spread to cities across the US after a video went viral of Floyd being suffocated to death by a white police officer in Minneapolis on May 25.

Jun 01, 2020, 13:04 PM IST