1.FACEBOOK: –Ireland’s High Court will decide on Friday whether the country’s data regulator should proceed with a provisional order to halt Facebook (NASDAQ:FB) user data transfers to the United States from the European Union. Ireland’s Data Protection Commission, the EU’s lead regulator for Facebook, issued the order last August...
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1. TESLA: – -Tesla (NASDAQ:TSLA) Inc boss Elon Musk denounced the “insane” amount of energy used to produce bitcoin on Thursday, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Bitcoin fell more than 10% after Musk, one of its most famous backers,...
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1.AMAZON: –Amazon (NASDAQ:AMZN) on Wednesday won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg as Europe’s second highest court dealt a blow to the bloc’s crackdown against unfair tax deals for multinationals. In a separate case, French utility...
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1.TESLA: –-U.S. electric car maker Tesla (NASDAQ:TSLA) Inc has halted plans to buy land to expand its Shanghai plant and make it a global export hub, people familiar with the matter said, due to uncertainty created by U.S.-China tensions. With 25% tariffs on imported Chinese electric vehicles imposed on...
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1.Rolls-Royce: –British engineering company Rolls-Royce(OTC:RYCEY) has put its Norwegian maritime engine unit Bergen back on the block, less than two months after Norway blocked a previous deal for it to be bought by a Russian company. “The sale process has restarted,” a source close to the matter said on...
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1.BMW: –BMW remains on course to meet its profit targets for 2021 despite rising raw material costs, though the global chip shortage will worsen and may hit production in the second quarter, the German carmaker said on Friday. Most of the auto industry has been hit by a global...
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1.TESLA: –-U.S. electric-vehicle maker Tesla (NASDAQ:TSLA) Inc said on Thursday it was developing a platform for car owners in China that will allow them to access data generated by their vehicles. Tesla, which makes Model 3 sedans and Model Y sport-utility vehicles at its Shanghai factory, aims to launch...
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1.GENERAL MOTORS: –General Motors Co (NYSE:GM) said on Wednesday that its first-quarter profit jumped, despite a global semiconductor chip shortage that has shuttered some of its plants. The No. 1 U.S. automaker posted a first-quarter net profit of $3 billion, or $2.03 per share, up from $294 million or...
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1.BANK OF AMERICA: –Bank of America has snapped up Emmanuel Regniez from Citigroup (NYSE:C) to co-head its investment banking franchise for France as it seeks to strengthen its network of European hubs after Brexit, according to a memo seen by Reuters. Regniez will share the investment banking leadership for...
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1.IBM: –Palantir has hired its first U.S. government chief medical officer, a former executive from IBM’s Watson Health business, as the data analytics company doubles down on its life sciences business. While the company made its name in software used by government defense agencies, sales to health-related agencies in...
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