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Volkswagen CEO confident of catching Tesla in electric car race

The world’s biggest automaker is buying software while ramping up sustainability.

EU widens tariff threat on steel from China, Taiwan, Indonesia

The step is part of an inquiry into whether producers sell them in Europe below cost.

Uber offers London drivers cheaper Nissans after hiking fares

Drivers would save about £4,500 through rebates and discounts.

Bayer discusses settling Roundup claims for US$10 bil

The weedkiller brand has been blamed for ailments including non-Hodgkin’s lymphoma.

Apple, Broadcom seal US$15 bil chip deal

The company provides radio-frequency chips that let iPhones, iPads connect to cellular data.

Malaysia’s 5G plan follows China’s formula for cheap airwaves

Govt will forgo revenue from spectrum auctions, will allocate airwaves to carriers via a tender.

China’s trying to break addiction to corporate bank loans

Regulators relax listings rules on stock markets as private sector struggles with access to credit.

Southeast Asia’s largest lender in bad light over bad loans

Siam Commercial’s analysts’ rating tumbled to 3.4 out of a maximum 5 points, the worst after Malaysia’s Public Bank Bhd.

German defence chief warns of Islamic State resurgence

'We need to keep in mind that in Iraq, IS is not yet defeated', says defence minister.

Virus epidemic anxiety pushing down oil in a market awash with...

An emergency declaration could cripple economic activity, crimp oil demand.

Hamptons homebuyers come back, lured by deep seller discounts

Purchases in the Long Island beach towns jumped 11% in Q4 from a year earlier.

UBS, Morgan Stanley cutting Asia investment banker bonuses

Being suspended from sponsoring equity sales in Hong Kong last year caused UBS to underperform.

HNA faces US$500 mil debt deadline before Lunar New Year

The group has been selling assets from hotels to a container unit to help pare borrowings.

Singapore Air considers adding more Boeing jets in India to fight Emirates

It’s notoriously difficult to make money in the Indian market as fares often sell below cost.

UK on track to leave EU as it crosses ‘Brexit finish...

The bill will now go to Queen Elizabeth II who will sign it into law.

London seeks regulator help to compete after Brexit

Much cross-border business depends on keeping close alignment with EU rules.

TripAdvisor cuts hundreds of jobs amid Google competition

Travel site's shares slumped more than 20% in a day last year after dismal Q3 results.

Bargain hunters eye Malaysian assets after a terrible 2019

Investors expect government policy changes to start bearing results.

Italy’s richest family to get €642 mil from Nutella maker

Over the past decade, the Ferreros have approved dividends totaling more than €2 bil.

Tesla surges past US$100 bil market value, surpassing Volkswagen

Elon Musk will net over US$346 mil if firm's market value stays above US$100 bil.

Greek lawmakers elect country’s first female president

Aikaterini Sakellaropoulou, 63, is also president of the council of state, Greece’s highest court.

New low-cost iPhone to enter mass production in February

Apple’s more affordable iPhones have proven popular with consumers.

Ghosn predicted Nissan will go bankrupt by 2022, reveals lawyer

Yokohama-based company is suffering from declining car sales in China, Europe.

Tesla shares may reach US$960 in early 2021

Company is expected to sell 2 to 3 mil cars per year after 2025 at industry-leading margins.

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