Automotive

Porsche shares rise in one of Europe's largest market debuts

Shares in luxury carmaker Porsche AG rose on their first day of public trading after German parent company Volkswagen raised 9.4 billion euros ($9.1 billion) for one of the largest initial public offerings in European history.

Automotive

VW readies Porsche IPO in one of Europe's largest listings

Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history.

Business

What's in the global tax reform agreed by the G20?

After years of negotiations, G20 leaders on Saturday endorsed an historic deal aimed at ending tax havens, although some developing countries complain it still falls short.

Business

Chipmaker TSMC says revenue up 16.7% as demand surges

Taiwan Semiconductor Manufacturing Co., the world's biggest contract producer of processor chips, said Friday its revenue rose 16.7% in the latest quarter over a year ago as the global economy rebounded from the coronavirus ...

Business

Global minimum tax for corporations inches towards reality

Proposed by the United States, supported by the IMF and welcomed by major economies including France and Germany, a global minimum tax rate on corporations is gathering momentum toward becoming a reality.

Energy & Green Tech

Airbus bets on hydrogen to deliver zero-emission jets

There are plenty of obstacles standing in the way of developing the first zero-emission, hydrogen-powered plane. It's tricky to safely store and use the highly combustible fuel. There aren't any airports equipped to refuel ...

Energy & Green Tech

Japan's Toshiba retreats from coal-fired power stations

Japanese engineering giant Toshiba will not build any more coal-fired power plants and will shift to renewable energy in a bid to reduce greenhouse emissions, the company's president said Wednesday.

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