Tesla to break ground on Shanghai Gigafactory today, CEO Musk says
Tesla Inc on Monday will break ground for its Shanghai Gigafactory where it will begin making Model 3 electric vehicles (EV) by year-end, Chief Executive Elon Musk tweeted https://twitter.com/elonmusk/status/1082103637990625281 ahead of the formal sta…
Sears picks liquidator should rescue talks fall through: sources
A long-standing liquidator is now first in line for one of the U.S. retail sector’s most daunting assignments: shutting down 126-year-old department store chain Sears Holdings Corp , people familiar with the matter said on Sunday.
China’s Huawei launches server chipset as it taps new growth channels
Huawei Technologies Co Ltd [HWT.UL] on Monday launched a new chipset for use in servers, at a time when China is pushing to enhance its chip-making capabilities and reduce its heavy reliance on imports, especially from the United States.
Asian shares ride relief rally, Sino-U.S. trade a hurdle
Asian shares sped ahead on Monday as a dovish turn by the Federal Reserve and startlingly strong U.S. jobs data soothed some of the market’s worst fears about the global outlook.
Apple inks deal with Samsung to distribute iTunes shows on TVs
Samsung Electronics Co Ltd said Sunday that it will add an app to its smart televisions in the coming months to let owners watch content bought on Apple Inc’s iTunes service, a possible first sign Apple is looking to distribute its forthcoming televi…
Asian shares enjoy relief rally, Sino-U.S. trade talks loom
Asian shares got off to a rousing start on Monday as a dovish turn by the Federal Reserve and startlingly strong U.S. jobs data soothed some of the market’s worst fears about the global outlook.
Samsung Electronics braces for profit drop as China slowdown chips away at demand
Samsung Electronics Co Ltd is set to post its first drop in quarterly operating profit in two years as slowing economic growth in China, a key market for the South Korean tech giant, erodes demand for its products.
Southeast Asia wary of China’s Belt and Road project, skeptical of U.S.: survey
Southeast Asian countries should be cautious in negotiating with China on its flagship Belt and Road Initiative (BRI) to avoid being trapped in unsustainable debt, 70 percent of respondents said in a policy survey released on Monday.
Trump: Weakness in China economy gives Beijing incentive for trade deal
U.S. President Donald Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing a reason to work toward a deal.
France presses Renault over executive compensation paid via Dutch holding company
The French government has told Renault to provide more details on compensation paid to senior executives via a Dutch holding company jointly owned with alliance partner Nissan, Finance Minister Bruno Le Maire said on Sunday.
