Business

Huawei sales up, but growth slows under virus, US pressure

Chinese tech giant Huawei, one of the biggest makers of smartphones and switching equipment, said Friday its revenue rose 9.9% in the first nine months of this year, but growth decelerated in the face of U.S. sanctions and ...

Automotive

New SUV is next step in VW's post-scandal electric offensive

Volkswagen is unveiling a battery-powered sport-utility vehicle that is headed for global markets including the United States and China, as the company takes a major step forward in its campaign to make electric cars a mass-market ...

Business

Cathay Pacific reports first-half loss of US$1.27 billion

Hong Kong carrier Cathay Pacific said Wednesday it lost HK$9.9 billion (US$1.27 billion) in the first half of this year as the coronavirus pandemic sent passenger numbers tumbling, eviscerating its business.

Business

TikTok: Time running out for ByteDance boss

The Chinese billionaire behind teen phenomenon TikTok is a 37-year-old tech guru whose eye for youth trends has blasted the app to global success –- but his inventiveness may not be enough to save the company's lucrative ...

Business

GM suspends dividend to save cash

General Motors announced Monday that it will suspend its dividend and halt share repurchases as it conserves cash amid a broad economic slowdown expected to weigh on auto purchases.

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