On Thursday, SoftBank Group Corp disclosed a record $26.2 billion loss at its Vision Fund investment arm, as high-growth tech firms were battered by rising interest rates and political unrest.   The loss contrasted sharply with SoftBank's record annual profit a year prior, raising questions...

Japanese carmaker Toyota Motor Corp.'s net profit for fiscal 2021-2022 (ended March 31) rose 27% to 2.85 trillion yen ($21.8 billion), according to its financial statements. Diluted earnings per share reached 205.23 yen ($1.5) against 158.93 yen ($1.2) last fiscal year. Operating profit rose 36.3%...

French auto giant Renault announced on Tuesday that its new Mobilize brand, which is focused on new mobility and data solutions, will seek a double-digit profit by 2030, representing 20% of Renault's overall company turnover.   Mobilize will concentrate on services such as ride hailing,...

More than $1 trillion in market capitalization was lost by U.S. tech giants in trading after the Federal Reserve raised interest rates. U.S. tech giants have lost over $1 trillion in market value over the past three trading days - May 5, 6 and 9. The sell-off began after the Federal Reserve decided...

Swedish car manufacturer Volvo Cars is suspending production at its plant in Torslanda in southern Sweden due to problems with the supply of semiconductors, the Göteborgs Posten newspaper reported. It is noted that the halt will last from Tuesday to Friday because of problems with the supply of...

The European Union executive aims to accelerate the bloc's green transformation and reduce its dependency on Russian resources by permitting some renewable energy projects to acquire permits within a year, said reports quoting information from a draft documents.   Brussels will...

During a long-running auditing stalemate between the US and China, the US Securities and Exchange Commission (SEC) has added more than 80 companies to a list of entities facing probable expulsion from American exchanges, including China's JD.com.   The SEC enlarged a...

Netflix shareholders filed a class action lawsuit against the company on Wednesday, accusing its management of providing false information about the reality, Axios writes. According to it, the lawsuit, filed in a San Francisco, California court, alleges that Netflix "concealed slower subscriber...

According to a private indicator, activity in China's services industry plummeted to its lowest level in April since the epidemic began in early February 2020, as rising steps to combat the virus put severe strain on consumer demand. Caixin Media Co. and research firm Markit computed China's supply...