Dell plans to phase out Chinese-made chips by 2024 and has instructed suppliers to significantly reduce the amount of other "made in China" components in its products as part of efforts to diversify its supply chain amid concerns about Washington-Beijing tensions.   According to three people...

FTX's former top lawyer Daniel Friedberg has cooperated with US prosecutors in their investigation into the crypto firm's collapse, putting more pressure on founder Sam Bankman-Fried, who was arrested on criminal fraud charges last month, according to a report published by Reuters quoting...

Rivian Automotive narrowly missed its full-year production target of 25,000 vehicles in 2022, the firm said in a regulatory filing.   Rivian's shares fell nearly 6% to $17.34 prior to the Securities and Exchange Commission releasing the details of the filing, but there...

Tesla Inc reported record fourth-quarter production and deliveries, but it fell short of Wall Street expectations due to logistics issues, slowing demand, rising interest rates, and recession fears.   According to Refinitiv data, the world's most valuable automaker delivered 405,278 vehicles...

The Bahamas Securities Commission announced on Thursday that it is temporarily holding FTX assets worth $3.5 billion based on market pricing at the time of transfer in order to deliver them to customers and creditors who own them.   The digital assets of FTX's Bahamas unit were transferred...

The British BP’s plans to invest twice as much in oil and gas projects as in renewable energy have drawn criticism from the Green Party of England and Wales and Friends of the Earth, according to the Guardian newspaper. The publication notes that BP will set aside $7.5 billion per year for...

Under US President Joe Biden, investment bankers and deal lawyers accustomed to regulatory obstacles to their mergers face an unprecedented challenge from antitrust watchdogs who are unfazed when they lose such legal battles.   According to a Reuters analysis of announcements from the...

According to data issued on Tuesday by China's State Statistics Office, the profit of China's big industrial firms in the first 11 months of 2022 was 7.717 trillion yuan ($1.107 trillion), a decrease of 3.6 percent from the same period in 2021. Chinese companies in the extractive industry saw a...

An entrepreneurial group was granted a conditional license and control permit by Israel's banking regulator on Sunday to launch a new online bank, the country's second in three years and the second to enter the highly consolidated banking market.   The new institution known as Esh Bank...