Shares in US electric car maker Tesla are up 5.6% in pre-trade on record net profit attributable to shareholders of $3.32 billion last quarter, about 7.6 times last year's figure, according to the company's report. Diluted earnings per share were $2.86 after $0.39 for the first quarter of 2021,...

Due to demand uncertainties and an excess supply of other injections, Johnson & Johnson lowered its full-year earnings prediction on Tuesday and said it could no longer provide a forecast for sales of its COVID-19 vaccine.   The single-dose vaccination, which has performed badly in...

China announced on Friday that livestreaming of unlicensed video games is prohibited, signalling a tightening of regulations as part of a broader assault on the gaming sector aimed at removing content the government does not approve of.   Platforms of all kinds, according to the National...

Tesla investors and analysts are concerned that Elon Musk's offer to buy Twitter may cause the electric automaker to suffer as the CEO is distracted by his takeover bid and likely stock sales to fund the acquisition.   On Thursday, the billionaire entrepreneur, who also runs rocket business...

Citigroup's net income fell 46% in the first quarter, including due to Russia's invasion to Ukraine. The company set aside an extra $1.9 billion in case risks in Russia increase and the conflict has a greater impact on the economic situation. Citigroup's first-quarter net income fell 46 percent...

Toyota Motor Corp planned to release a sport utility vehicle version of its Crown sedan in Japan, China, and North America, reviving a car that has been a showpiece of Japan's market for nearly seven decades, according ot reports quoting sources.   The SUV, which will be available in hybrid,...

French music streaming service Deezer intends to become a public company. French music streaming service Deezer is close to becoming a public company, The Wall Street Journal reported, citing sources. According to the newspaper, Deezer is negotiating a merger with I2PO, an already public company...

As part of its efforts to reduce dependency on Russian fuels and develop a buffer against supply shocks, the European Union has launched a platform for European Union countries to buy gas and liquefied natural gas together.   The invasion of Ukraine by Russia, Europe's biggest gas supplier,...

German carmaker Bayerische Motoren Werke AG (BMW) in the first quarter of 2022 reduced car sales by 6.2% year on year to 596.907 thousand cars, while electric car sales doubled, according to the company. "After a strong start to the year in a highly volatile environment, the combined impact of the...