June 8 Reuters Apple Inc plans to fund loans for its forthcoming Apple Pay Later service off its corporate balance sheet, the company said on Wednesday. Apple said its treasury department will decide the exact mechanism it will use to fund the loans and funding sources may shift over time. Loans and creditworthiness decisions will be […]

MANILA, June 9 Reuters The Asian Development Bank ADB said on Thursday it has approved a loan of up to 4.3 billion for a railway project in the Philippines, a muchneeded boost for its ageing rail infrastructure. From more than 1,100 kilometers 683.5 miles prior to World War II, the Philippines had only 77 km […]

SHANGHAI, June 9 Reuters Tesla was proceeding with an online hiring event in China on Thursday and added two dozen new job postings for the country, a week after Elon Musk threatened job cuts at the electric car maker and said the company was overstaffed in some areas. Tesla plans to hold the event online starting […]

HONG KONG, June 8 Reuters China39;s Tencent Holdings said on Wednesday that it will release its flagship mobile game Honor of Kings globally by the end of the year as the domestic internet giant pivots to the international gaming market. The Shenzhenbased company39;s multiplayer action game, played mostly in China, has been consistently its most profitable, […]

MADRID, June 8 Reuters Fashion giant Zara39;s owner Inditex reported an 80 jump in quarterly profit on the back of soaring sales as consumers revamped their wardrobes after months spent stuck at home during the pandemic lockdowns. The company said on Wednesday it made a net profit of 760 million euros 812 million for the quarter […]

NEW YORK, June 3 Reuters For at least a decade, Burger King39;s formula for European expansion has relied on a joint venture partnership, including a master franchisee, to open and operate new locations. But now the fastfood chain has a whopper of a problem in Russia. It hasn39;t been able to exit its partnership or […]

June 2 Reuters Electric vehicle major Tesla Inc Chief Executive Officer Elon Musk said on Thursday that Tesla39;s AI Day has now been pushed to Sept. 30. Tesla AI Day pushed to Sept 30, as we may have an Optimus prototype working by then, he wrote on Twitter, almost two weeks after he announced the date […]

BERLIN, June 1 Reuters Tesla works at twice the industry pace in many processes but still needs to ramp up highly complex factories and find qualified workers to win the electric vehicle race, Volkswagen39;s chief executive said on Wednesday. The U.S. carmaker, posing a challenge to German electric vehicle production with its new plant near Berlin, had […]

June 1 Reuters Russian gas producer Gazprom has cut off gas supplies to Denmark39;s Orsted and to Shell Energy for its contract to supply gas to Germany, it said on Wednesday, citing the companies39; failure to make payments in roubles. Gazprom has already halted supplies to Dutch gas trader GasTerra, as well as to Bulgaria, Poland and Finland […]

BERLIN, June 1 Reuters Rimac has raised 500 million euros 537 million in a new funding round, it said on Wednesday, but the Croatian carmaker39;s chief executive cautioned sales would have to be twice as high before he would consider a stock market listing. The new funding, led by Softbank and Goldman Sachs as well as existing […]