According to three persons with knowledge of the situation, the Biden administration has ceased accepting permits for American businesses to sell the majority of their goods to China's Huawei.   For several years, Huawei has been subject to U.S. export prohibitions on products related to 5G...

Samsung Electronics' net profit attributable to shareholders increased by 40% to 54.73 trillion won (about $44.6 billion) last year. Operating income for the quarter was 43.38 trillion won ($35 billion), down 16 percent from the same period last year. Revenue for the quarter grew by 8 percent to...

City Transformer, an Israeli electric vehicle (EV) startup, plans to begin production of its small urban CT-2 model in Western Europe by the end of 2024 and will soon launch a Series B funding round to raise $50 million, the company announced on Monday.   Asaf Formoza, CEO of the company,...

Toyota Motor Corp. retained its title as the world's best-selling automaker in 2022, expanding its lead over Volkswagen AG despite continued supply-chain disruptions.   The Japanese auto giant reported Monday that group sales, which include those of its subsidiaries Daihatsu Motor Co....

The world record holder in the men’s 100 and 200 metres sprint Usain Bolt that he was facing a "stressful situation" as he was attempting to retrieve more than $12.7 million that has mysteriously gone missing directly from an account that he had with an investment firm in Jamaica.   Earlier...

Next week, General Motors Co. and Ford Motor Co. are expected to report strong profits for 2022, fueled by premium-priced pickup trucks and SUVs (SUVs).   Now, the Detroit rivals must persuade investors that last year's profit formula will continue to work as EV battery costs rise, high...

According to industry sources, Air India will sign a half-order for 495 jets with Boeing and engine suppliers General Electric and CFM International on Friday, as its new owner seeks to revitalize the airline and compete with larger rivals.   Air India is set to place an order for 190 Boeing...

According to two sources familiar with the matter, India's market regulator has increased its scrutiny of Adani Group transactions in the last year and will study a report issued by short-seller Hindenburg Research to supplement its own ongoing preliminary investigation into the group's foreign...

The energy major Shell is thinking about getting out of the retail electricity industry in the Netherlands, Germany, and the United Kingdom. The business cited challenging market conditions as the cause. Shell made it clear that it has started to assess the three businesses' strategic direction....