Business / World Business

Racism lawsuit against Tesla gaining momentum in California 15 Dec 2022 - 06:43 pm

California: Tesla Inc. is waging a losing battle to stop a Black assembly line staffer from trying to add more than 100 other...

Amazon and Flipkart challenged in India over sale of acid on sites 15 Dec 2022 - 06:41 pm

MUMBAI: Amazon and Walmart's Flipkart have been issued with notices by an Indian government body asking why dangerous acids are available on their...

Elon Musk’s Tesla share sales approach the $40 billion mark 15 Dec 2022 - 06:23 pm

Elon Musk sold another $3.58 billion worth of Tesla Inc. shares, bringing the total amount he’s offloaded since late last year to almost...

Musk cashes out another $3.6bn in Tesla stock 15 Dec 2022 - 05:28 pm

California: Tesla boss Elon Musk disclosed another $3.6bn in stock sales on Wednesday, taking his total near $40bn this year and frustrating investors...

Funds for flood-hit Pakistan to run out in weeks: UN 15 Dec 2022 - 05:04 pm

Islamabad, Dec 15, 2022 (AFP) -The United Nations on Thursday said emergency food aid for devastated flood-hit communities in Pakistan would run out...

Sri Lanka's economy shrinks 11.8% in second-worst quarterly performance 15 Dec 2022 - 04:51 pm

COLOMBO: Sri Lanka's economy shrank 11.8% in the July-September quarter from a year ago, government data showed on Thursday, the second-worst quarterly contraction...

Boeing deliveries rose in November, while new orders fell 13 Dec 2022 - 07:30 pm

NORTH CHARLESTON, South Carolina: Boeing Co deliveries rose in November to 48 airplanes as new orders fell to 21 airplanes, consisting of 18...

Auction for 100-island Indonesian archipelago delayed after backlash 13 Dec 2022 - 04:39 pm

Jakarta: An auction for development rights to an eastern Indonesian archipelago of more than 100 islands has been delayed until January, Sotheby's said,...

Bankman-Fried charged by SEC with scheme to defraud investors 13 Dec 2022 - 03:33 pm

New York: FTX founder Sam Bankman-Fried was charged by the US Securities and Exchange Commission on Tuesday with defrauding investors in what regulators...

Gold is better portfolio diversifier than bitcoin: Goldman Sachs 12 Dec 2022 - 10:27 pm

Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in...

China launches suit at WTO against US chip export curbs 12 Dec 2022 - 10:19 pm

China on Monday launched a suit at the World Trade Organization against the United States over its chip export control measures, the state-backed...

Russia’s McDonald’s successor replacing Big Mac with 'Big Hit' 12 Dec 2022 - 08:16 pm

MOSCOW: Starved of Big Macs since McDonald's Corp closed its Russian restaurants in March, Russians will from next year be treated to an...

Nestle to open new $43mn Ukraine factory 12 Dec 2022 - 07:44 pm

Zurich: Swiss food giant Nestle said on Monday it was opening a new production site in war-torn Ukraine, and would invest tens of...

One in five cars on Norway's roads are electric 12 Dec 2022 - 05:41 pm

Oslo: One in five cars on Norway's roads are electric, a share that has doubled in less than three years, the Norwegian Electric...

Turkish investments in Algeria exceed $5bn 12 Dec 2022 - 08:31 am

Algiers:Turkish Foreign Minister Mevlut Cavusoglu announced that Turkish investments in Algeria have exceeded $5bn, expressing his belief that in a short time, the...