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Facebook gains court backing in document row with EU regulators

November 9, 2020November 3, 2020 - by sozelorg

The U.S. social media group challenged the European Commission at the Luxembou The U.S. social media group challenged the European Commission at the Luxembourg-based General Court in July over its …

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Tesla plans to open about 52 new service centers in 2021

November 8, 2020November 3, 2020 - by sozelorg

Tesla Inc TSLA.O plans to add at least one new service center every week in 2021, Electrek reported on Thursday, citing a source familiar with the matter. The electric carmaker …

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Business

AirAsia X to revise $15.3 billion debt reform plan to expedite talks with creditors, say sources

November 7, 2020November 3, 2020 - by sozelorg

Malaysia’s AirAsia X Bhd AIRX.KL plans to revise its $15.3 billion debt restructuring plan to address concerns raised by a creditor as its cash is running out fast, people with …

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DuPont results, annual forecast beat estimates on cost-cutting push

November 6, 2020November 3, 2020 - by sozelorg

DuPont DD.N forecast annual profit above expectations on Thursday as a tight check on costs and a recovery in the automotive industry, one of its biggest markets, helped the industrial …

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China’s premium car buyers drive VW back to profit

November 5, 2020November 3, 2020 - by sozelorg

Volkswagen AG returned to profit in the third quarter as surging Chinese demand for luxury cars helped offset a 1.1% drop in vehicle deliveries due to the pandemic, sending its …

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Business

TikTok owner ByteDance launches education technology brand Dali for China

November 4, 2020November 3, 2020 - by sozelorg

Beijing-based ByteDance announced a standalone education technology (edtech) brand Dali for the Chinese market on Thursday, becoming another major tech player looking to capitalise on the sector’s boom driven by …

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Business

Democrats prefer ‘scalpel’ over ‘jackhammer’ to reform key U.S. internet law

November 3, 2020November 3, 2020 - by sozelorg

Big Tech’s decisions to block some posts and videos while letting other content viewed as inflammatory proliferate have drawn the ire of Republicans and Democrats alike, raising the prospect that …

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