Business

Tesla performance opens door to Elon Musk payday

Tesla has hit financial marks that let its colorful chief executive Elon Musk reap the first portion of a multi-billion dollar compensation package, the electric car maker said Thursday.

Business

Airbus cuts production by one third due to pandemic

European aircraft manufacturer Airbus on Wednesday said it had cut production of its planes by around a third, as global airlines scale back their plans in an unprecedented crisis for the industry.

Energy & Green Tech

Threat or promise? E-auto boom could cost industry jobs

Over 115 years the auto industry in the east German town of Zwickau has lived through wrenching upheavals including World War II and the collapse of communism. Now the city's 90,000 people are plunging headlong into another ...

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.

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