Bloomberg reports that Huawei Technologies spent more than $22 billion on research and development in 2021 to avoid US sanctions, using its own figures. "China's greatest digital powerhouse has virtually doubled its R&D spending over the last five years, reaching $22.1 billion in 2021 - more...

On Monday, Elon Musk agreed to purchase Twitter Inc for $44 billion in cash, transferring ownership of the social media network used by millions of people and world leaders to the world's richest person.   It's a watershed moment for the 16-year-old firm, which rose to become one of the...

Last quarter, Hyundai Motor's net profit attributable to parent company shareholders increased 16.8% year on year to 1.777 trillion won (about $1.43 billion), according to the firm. The quarter's revenue was 30.299 trillion won ($24.5 billion), up 10.6% year on year. Operating profit grew by 16.4%,...

The Boring Company, an underground tunneling company owned by billionaire Elon Musk, said that it has acquired $675 million in funding from a group of investors led by Vy Capital and Sequoia Capital. As a result, the company's market capitalization increased to roughly $5.7 billion, according to...

Shares in US electric car maker Tesla are up 5.6% in pre-trade on record net profit attributable to shareholders of $3.32 billion last quarter, about 7.6 times last year's figure, according to the company's report. Diluted earnings per share were $2.86 after $0.39 for the first quarter of 2021,...

Due to demand uncertainties and an excess supply of other injections, Johnson & Johnson lowered its full-year earnings prediction on Tuesday and said it could no longer provide a forecast for sales of its COVID-19 vaccine.   The single-dose vaccination, which has performed badly in...

China announced on Friday that livestreaming of unlicensed video games is prohibited, signalling a tightening of regulations as part of a broader assault on the gaming sector aimed at removing content the government does not approve of.   Platforms of all kinds, according to the National...

Tesla investors and analysts are concerned that Elon Musk's offer to buy Twitter may cause the electric automaker to suffer as the CEO is distracted by his takeover bid and likely stock sales to fund the acquisition.   On Thursday, the billionaire entrepreneur, who also runs rocket business...

Citigroup's net income fell 46% in the first quarter, including due to Russia's invasion to Ukraine. The company set aside an extra $1.9 billion in case risks in Russia increase and the conflict has a greater impact on the economic situation. Citigroup's first-quarter net income fell 46 percent...