Business

Volvo's Cars Will Watch You While You Drive

Volvo also recently announced that it would limit the top speed on all of its vehicles to 180 km/h in order to reduce accidents and traffic-related deaths. I...


Trump addresses local union boss, Lordstown GM closure

After General Motors announced last November that it would "unallocate" and idle four USA manufacturing plants, it put the company squarely in President Trum...


Facebook CPO, WhatsApp VP quits amid data privacy, fake news allegation

Zuckerberg added that, "Since we have now decided on the basic direction of our family of apps for the next few years, I do not plan on immediately appointing a...


Nvidia outbids Microsoft, Intel to acquire chipmaker Mellanox for $6.9 billion

Nvidia's acquisition of Mellanox would also represent a win for activist hedge fund Starboard Value LP, which is a shareholder of the company and reached a...


Elon Musk says Tesla will raise prices and slow down store closures

Because many states mandate that only dealers, not manufacturers, can sell cars in stores, Tesla customers don't technically close the deal at the showroom....


Dozens hurt as plane encounters heavy turbulence on flight to US

Flight TK01 encountered "unusual turbulence" about 40 minutes before landing at the airport, the airline said. The Port Authority of NY and New Jersey says Tu...


Facebook founder says social network focus shifting to user privacy

In the long blog post , Zuckerberg said a privacy-focused platform will be built around several principles. Facebook focuses mostly on stoking public convers...


USA trade deficit hits 10-year high as Trump trade wars backfire

The government also sought to stimulate the economy with a $1.5 trillion tax cut package, which jolted both consumer and business spending, helping to lift impo...


Huawei announces it will sue the U.S. government

Huawei says the law punishes the company for unproven accusations, and would harm its future earnings. "The company claims that its 5G technology is superior to...


Tesla's V3 Superchargers Allow Charging at 1,000 miles per hour

The 250kW Version 3 (V3) Supercharger is a new design that enables you to charge at full power rather than having to split charging with another auto that's als...


South Korea calls for three-way talks after collapse at Trump-Kim summit

The summit ended abruptly, as both sides could not agree to a deal that would result in North Korea dismantling its nuclear weapons. In a series of late-nig...


Lyft files IPO, Uber waiting in the wings

It's raising as much as $100 million in its public offering, beating competitor Uber to the punch . That's up from $343.3 million in 2016 and $1.1 billion in 2...


Polestar's new electric sports vehicle is built to take on Tesla

The Polestar 2 is a compact electric sedan created to rival Tesla's hot-selling Model 3. Built on the modular CMA architecture as the XC40, the Polestar ...


Victoria's Secret To Close Another 53 Stores This Year

Same-store sales for L Brands on the whole rose 3 percent as its second-biggest division by revenue, Bath & Body Works, saw a same-store sales growth of 12 pe...


TikTok Hit With $5.7 Million Fine Over Child Privacy

The Musical.ly app allowed users to create videos of them lip syncing to popular songs. TikTok , the fourth most downloaded non-game app in a year ago was th...


SEC claims Elon Musk violated 2018 settlement with new Tesla tweet

If the contempt filing is upheld by a judge, then Musk could face another hefty fine and potentially even jail time. A spokesperson for the company did no...


Employees demand Microsoft end HoloLens contract with US Army

Now, though, some Microsoft developers are speaking out about a contract that will put the device into the hands of the USA military, in order to "increase le...


China customs testing Australian coal imports, reports of ban

In response to the news on China's Dalian port restricting coal imports, Wood Mackenzie's experts provide the following commentaries. "We do understand ...


Oil hovers near 2019 highs amid OPEC cuts

Official oil inventory and production data is due to be published by the US Energy Information Administration (EIA) after 1800 GMT on Thursday. By 1125 GMT,...


Soldiers unleash tear gas during trouble at Venezuela border, in pictures

Venezuela's National Guard responded forcefully, firing tear gas and buckshot on the protesters. Maduro on Saturday said Colombian diplomats had been orde...