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…
Category: Business
Cannabis firms see jump in insurance costs to protect leaders as investors sue
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…
AirAsia shares in biggest daily fall as auditor flags ‘going concern’ doubts
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…
Germany insists self-regulation not enough for Facebook
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,…
Huawei says U.S. sanctions have no immediate impact on UK 5G supplies
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…
Ruling in EU Apple tax case due next Wednesday
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…
Boohoo reviews British supply chain after factory report fallout
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…