When it comes to buying computer chips direct from the manufacturer, re-configuring automobiles, or making chips with missing parts automakers must come up with new ideas to meet the shortage of semiconductors in the world.   The shortfall, caused by shortages in supply and an increase in...

China has demanded that taxi aggregator Didi develop a plan to leave the US exchange. If privatised, the company would have to buy back its shares from investors at a minimum IPO price that is 70% higher than the current market value. China's Cyberspace Authority has asked the management of taxi...

The autumn art auctions in New York set a record with sales exceeding $2.65 billion. The main reasons for this interest in art auctions are growing global prosperity, concerns about inflation and the rise of the art market in general. At the same time, art auctions are increasingly attracting the...

Daimler announced on Thursday that it will build its first in-house electric motor at its oldest facility in Berlin, bringing solace to employees fearful that the diesel motor unit was on the verge of layoffs.   Workers who feared losing their jobs when Daimler said in September 2020 that...

Net profit of China's largest internet company Alibaba Group Holding for the six months of fiscal year 2020-2021 (ended September 30) fell 33.9 percent year on year to $7.839 billion, the company said in a press release. Diluted earnings per share were 2.3 yuan ($0.36), down from 3.48 yuan ($0.51)...

Managers of Evergrande Group, one of China's biggest developers on the verge of default, decided to sell all of its existing shares in HengTen Networks Group for HK$2.13 billion (US$273.16 million), Evergrande said in a statement to the Hong Kong stock exchange. Evergrande's subsidiary has entered...

Following the growth of first half profits that beat estimates of analysts, its free cash flow forecast were increased by the mobile operator Vodafone because of strong performance in its largest market Germany.   The news pushed the stocks of the company by as much as 6 per cent while it...

International rating agency S&P Global Ratings (S&P) has placed Japanese electronics giant Toshiba Corporation's 'BB+' rating on its watch list with the possibility of a downgrade after the company announced its intention to split, the agency said in a release. Toshiba said on Friday it intended to...

With the embattled Chinese real estate company China Evergrande Group scribbling to meet its financial commitments, its founder is freeing up monies from luxury assets such as art, calligraphy, and three high-end houses, said reports emerging from China quoting sources and documents.   ...