According to the Italian corporation, Pirelli and Saudi Arabia's Public Investment Fund (PIF) have inked a joint venture deal to establish a tire production facility in the country. The venture is scheduled to begin operations in 2026. PIF will own seventy-five percent of the joint venture (JV),...

Amid an investigation into key Apple supplier Foxconn, China's government stated on Wednesday that Taiwanese enterprises should take up their social obligations and play a "positive role" in fostering the peaceful development of relations across the Taiwan Strait.   The front-runner for...

Beijing is considering delaying the $69 billion acquisition of cloud computing startup VMware Inc. by American chipmaker Broadcom Inc., the Financial Times reported on Thursday, citing three people with knowledge of the situation.   According to the article, China's State Administration of...

Due to economic uncertainty and concerns about a potential slowdown in demand, Tesla has joined General Motors and Ford in exercising caution when it comes to increasing the capacity for producing electric vehicles (EVs).   Elon Musk, the CEO of Tesla, expressed concern that increased...

Lower sales of anti-coronavirus medications have caused American pharmaceutical major Pfizer Inc. to decrease its financial projection for 2023. The corporation projects its revenue for 2023 to be in the range of $58–61 billion instead of the $67–70 billion that was originally anticipated. The...

Due to the growing tension between Israel and the Palestinian organization "Hamas" and the resulting increase in pricing, many LNG purchasers in Asia decide to put off making additional purchases for the winter, writes Bloomberg. The buyers claim that Asian gas reserves are comfortably high enough...

The US Internal Revenue Service is accusing Microsoft of $28.9 billion in overdue taxes. Microsoft stated that it did not agree with the charges made by the US tax authorities, who had assessed it with 28.9 billion dollars in unpaid taxes. "In information filed with the Securities and Exchange...

Just days after the third-quarter deliveries of the most valuable automaker in the world fell short of market estimates, Tesla has lowered the pricing of its Model 3 compact sedan and the Model Y SUV in the United States, intensifying its price war.   The corporation is working extremely...

According to a global message to staff, management at Citigroup are examining staff rosters to decide by November who will remain in place, be moved, or be let go during the company's biggest reorganisation in decades.   "Some roles will change, new roles may be created, and roles that do...