Malaysias Top Glove said on Thursday its glove production has been affected because of a U.S. ban on its products over allegations they are made with forced labour. Two units of the worlds largest producer of latex gloves were banned by the United States in July last year. And last month, U.S. authorities said the […]

Amsterdambased technology investor Prosus NV has netted 14.6 billion from the sale of a 2 stake in Tencent Holdings Ltd, the Chinese gaming and social media giant said, in one of the worlds largest ever block trades. Our belief in Tencent and its management team is steadfast, but we also need to fund continued growth […]

Apple CEO Tim Cook hinted at the companys work in autonomous vehicles, following recent reports that the company is in renewed talks to develop its own car. The autonomy itself is a core technology, in my view. If you sort of step back, the car, in a lot of ways, is a robot. An autonomous […]

U.K. Prime Minister Boris Johnson said Monday it is too soon to make a decision on foreign travel but is hopeful it could resume as early as May 17 But I do not wish to give hostages to fortune, or to underestimate the difficulties we are seeing in some of the destination countries that people […]

BP expects to reach its 35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlierthanexpected proceeds from disposals and a very strong quarter. The company, which had a debt pile of 39 billion at the end of 2020, had earlier expected to reduce its debt to […]

Tesla Inc was set to add about 50 billion to its market value as the electric carmakers shares surged on Monday, after it posted record deliveries on strong demand in China that helped it offset the impact of a global shortage in auto parts. The stock jumped nearly 8 in premarket trading and it was […]

Tribune Publishing Co has received a 680 million takeover offer from Newslight LLC, a bid that trumps an earlier proposal from hedge fund Alden Global Capital for the owner of the Chicago Tribune and the New York Daily News. Tribune said in a statement on Monday that its board had determined that the 18.50 per […]

Invitae Corp said on Monday a group of investors including SoftBank Group Corp will invest 1.15 billion in the U.S. genetic diagnostics company. It said the investment, to be used for its growth initiatives, will be in convertible senior notes, which will bear 1.5 interest per year. The company said the notes will have an […]

Tesla Inc on Friday posted record deliveries for the January to March quarter, beating Wall Street estimates, as sales gains of the Model 3 and Model Y offset the impact of a global shortage of parts. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full […]

Reuters U.S. oil producer Pioneer Natural Resources agreed on Thursday to acquire privatelyheld rival DoublePoint Energy for about 6.4 billion, speeding up a consolidation of shale oil producers. Oilfield rollups have accelerated this year as energy prices recover following last years coronavirusdriven market crash. Companies with strong balance sheets have been snapping up debtladen and […]