LG Chem sees electric vehicles accounting for 15% of all car sales in 2024
South Korea’s LG Chem, one of the leading electric vehicle (EV) battery makers, expects global sales of EVs to grow more than five-fold from 2018...
Exclusive: WeWork owner creates committee to decide on financing lifeline
WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank...
TSMC third-quarter profit rises 13.5%, beats market forecasts
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) reported a 13.5% rise in third quarter profit on Thursday, its strongest growth since 2017, as robust demand for...
Netflix shares jump as subscribers grow
Netflix added slightly more paying subscribers than Wall Street expected in the third quarter, a relief to investors who had worried the company might fall...
Ex-Cisco engineers raise $278 million for startup
A cloud startup founded by a group of four ex-Cisco Systems Inc engineers said on Wednesday it has raised $278 million to fund products that...
Netflix shares jump as subscribers grow ahead of Disney, Apple attack
Netflix Inc added slightly more paying subscribers than Wall Street expected in the third quarter but issued a soft forecast on Wednesday as it faces...
IBM quarterly revenue misses, shares fall
International Business Machines Corp missed analysts’ estimates for third-quarter revenue on Wednesday, overshadowing a profit beat and sending its shares down 3% in extended trading....
Facebook’s Libra faces ‘core’ legal, regulatory challenges: Brainard
U.S. Federal Reserve Governor Lael Brainard said on Wednesday that Facebook’s efforts to launch a Libra cryptocurrency must overcome a “core set of legal and...
Facebook’s Libra facing ‘core’ legal, regulatory challenges before launch
U.S. Federal Reserve Governor Lael Brainard said Wednesday that Facebook’s efforts to launch a Libra cryptocurrency must overcome a “core set of legal and regulatory...
China’s Didi Chuxing deepens Latam push with plans to launch in Costa Rica
Chinese ride-hailing giant Didi Chuxing is preparing to launch in Costa Rica, marking its first expansion into Central America, according to a job posting viewed...