
Musk confirms Tesla Nevada factory was cyberattack target
Aug 29, 2020 04:53 am UTC| Business
Elon Musk confirmed that Tesla Incs factory in Nevada was a target of an attempted cybersecurity attack, which he called serious, by a Russian national. Musk made the confirmation via a tweet. News website Teslarati...

Mercedes-Benz to offer 3 more SUVs in S. Korean market
Aug 29, 2020 01:49 am UTC| Business
Mercedes-Benz will launch three new SUVs in South Korea in September and October to meet rising demand and cement its status as a leader in the countrys imported car market. The three all-new SUV models are the...

TikTok CEO resigns as firm sues the US for ban
Aug 28, 2020 12:29 pm UTC| Business
TikTok CEO Kevin Mayer resigned just three months after joining, and only days since the firm sued the Trump administration over an executive order effectively banning it in the US. He will be replaced by US GM Vanessa...

Tiffany posts better-than-expected Q2 profit
Aug 28, 2020 07:55 am UTC| Business
US jeweler Tiffany Co posted a better-than-expected $31.9 million quarterly net profit due to improved sales in China and online. The net earnings in the three months ended July 31, dropped from $136.3 million last...

Australia's Afterpay to expand in 4 continents as online shopping surges
Aug 28, 2020 06:58 am UTC| Business
Australian firm Afterpay laid out plans to expand its buy-now, pay-later (BNPL) service to at least four continents to capitalize on the online shopping boom triggered by the pandemic. The popularity of online shopping...

Seoul court favors LG Chem vs SK Innovation in EV battery case
Aug 28, 2020 06:01 am UTC| Business
The Seoul Central District Court turned down SK Innovations civil lawsuit and damage compensation filed against LG Chem in an electric vehicle (EV) battery patent case filed in October. SK Innovations lawsuit stemmed...

Financial firms to refund consumers in Lime Asset scandal
Aug 28, 2020 05:49 am UTC| Business
Banks and brokerages that handled fund products by Lime Asset Management Co. in a misselling scandal agreed to return investments made by consumers, in line with the advisory issued by the countrys financial...
Tariff Tremors: Trump’s Greenland Fight Rattles Global Markets