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...

China's Sinopec has signed a twenty-year contract with US-based Venture Global LNG, under which Venture Global will be supplying 4 million tonnes of liquefied natural gas annually for 20 years, Sinopec announced in a press release. "China's Sinopec Petrochemical Corporation has signed a 20-year...

Higher prices of its cars as well as the strong sale of its electric vehicle (EVs), which easily offset hit to the company because of lower vehicle deliveries because of the semiconductor shortage, helped BMW to report a 42.4 per cent surge in its net profits for its third quarter to 2.58 billion...

According to the German services sector union Verdi, employees at a number of warehouses of the retailing giant Amazon in Germany started striking on Monday, as part of a long-running dispute with the US internet giant over improved compensation and better working conditions.   After the...

Facebook is trying to benefit from a growing buzz called metaverse even while it had not created the concept, said early adopters of the concept of virtual worlds – metaverse, as they criticized the social media company’s attempt to rebrand itself by changing its name to Meta Platforms.  ...

Moller-Maersk, the world's largest container shipping company, released its financial results for the third quarter. EBITDA (earnings before interest and taxes) increased to $6.9 billion from the same time previous year. To $16.6 billion, revenue climbed by 68 percent. The rebound of the global...