Tesla founder Elon Musk has hinted at new sales of his company shares in response to US Senator Bernie Sanders' demand to tax the super-rich. On Saturday, the senator posted a message on his Twitter page saying there is a need for "the very rich to pay their fair share". "Want me to sell more...

Inclement weather and restrictions on travel in China because of Covid-19 resulted in stagnation of sales of Burberry in the second quarter, which seem dot downplay the profits reported by the company for the quarter which was better than expected.   After reporting stagnant like-for-like...

Toshiba Corp. of Japan announced plans on Friday to split into three separate entities by spinning off two of its key businesses: energy and infrastructure and device and storage.   Toshiba will retain its 40.6 per cent ownership in memory chipmaker Kioxia, as well as other assets when the...

Sales on Alibaba's e-commerce platforms exceeded 540.3 billion yuan ($84.54 billion) during the world's largest global online Bachelor's Day sale in China, preliminary official figures showed. This year, Alibaba's sale festival was held in a new format, which only began to be implemented last year....

Regulatory issues in China, the largest car market in the world and a market that is amongst the fastest in terms of adopting electric cars, are a headache for selling cars in the market for foreign car brands.   In a European Union Chamber of Commerce assessment, main criticisms regarding...

According to filings made by Tesla Chief Executive Elon Musk on Wednesday, the billionaire sold off shares worth about $1.1 billion so that he could address his tax obligations on an option exercise.   His options to purchase roughly 2.2 million Tesla shares were exercised by Musk and he...

Elon Musk has sold some of his Tesla shares for the first time in five years. He got rid of $5bn worth of securities in three days, with the sale of some of them planned well in advance of the Twitter followers' survey. As Tesla shares recovered from the collapse, the entrepreneur's fortune rose by...

Rolls-Royce has raised more than $600m to develop small nuclear reactors for the UK. Half of the funding for the project will come from the British government. The company estimates the country will need 16 such nuclear power plants by the end of 2050. Rolls-Royce has raised £455 million ($617...

German chemical-pharmaceutical concern Bayer AG posted a net loss of €161 million for the three quarters of 2021, compared with a loss of €10.803 billion a year earlier, the company said. The loss per share amounted to €0.16 versus €11 a year earlier. Revenue rose 4.96% to €32.963 billion. The...