Business

Tale of two companies: Airbus recovers as Boeing reels

The aviation industry is slowly recovering from last year's Covid-induced downturn, but European aircraft maker Airbus is having a smoother ride than American rival Boeing, which has endured a series of crises.

Business

China's Singles' Day shopping extravaganza loses luster

China's Singles' Day, the world's largest online shopping festival which falls on Nov. 11 every year, is losing its shine, with less marketing hype and a crackdown on the technology industry.

Business

Nokia 3Q profit beats expectations despite chip shortage

Wireless and fixed-network equipment maker Nokia on Thursday reported third-quarter profit above analyst expectations on increasing sales of 5G technology and trimmed costs, but the company warned that the global shortage ...

Automotive

Tesla's market value tops $1T after Hertz orders 100K cars

Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation's increasing commitment to EV technology.

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