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Business

Tesla China sold 14,954 Model 3 vehicles in June, up 35% on the month

By allsaudijobscom July 17, 2020July 11, 2020

U.S. electric vehicle maker Tesla Inc (TSLA.O) sold 14,954 Shanghai-made Model 3 vehicles in China in June, up 35% month-on-month, according to the China Passenger Car Association (CPCA). Tesla sold…

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Business

Cannabis firms see jump in insurance costs to protect leaders as investors sue

By allsaudijobscom July 16, 2020July 11, 2020

Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled investors…

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Business

AirAsia shares in biggest daily fall as auditor flags ‘going concern’ doubts

By allsaudijobscom July 15, 2020July 11, 2020

Shares in Malaysia’s AirAsia Group Bhd (AIRA.KL) tumbled more than 17% on Wednesday in their biggest daily fall after the auditor cast doubt on the budget carrier’s ability to continue…

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Business

Germany insists self-regulation not enough for Facebook

By allsaudijobscom July 14, 2020July 11, 2020

Germany is determined to expand its attempts to regulate online hate speech even as Facebook (FB.O) promises to do more to clean up its site after a global advertiser boycott,…

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Business

Huawei says U.S. sanctions have no immediate impact on UK 5G supplies

By allsaudijobscom July 13, 2020July 11, 2020

U.S. sanctions targeting China’s Huawei have had no immediate impact on its ability to supply 5G equipment to Britain, a senior company executive said on Wednesday, calling for more time…

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Business

Ruling in EU Apple tax case due next Wednesday

By allsaudijobscom July 12, 2020July 11, 2020

The European Union’s second highest court will next week rule in an appeal by Apple (AAPL.O) and Ireland against an EU ruling for the U.S. company to pay 13 billion…

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Business

Boohoo reviews British supply chain after factory report fallout

By allsaudijobscom July 11, 2020July 11, 2020

Boohoo (BOOH.L) commissioned an independent review of its supply chain in Britain on Wednesday after a damaging media report about dire factory working conditions put the brakes on the online…

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