Business

"Tesla and Panasonic stop investing more in the Gigafactory." Tesla and the Japanese Panasonic have planned investments in the expansion of their so-called Gigafactory 1 in the US state of Nevada, according to the reports on…

Shell invests in Google's Energy-generating Kite. Oil and gas company Shell is investing an unknown amount in Makani, a concern that develops an energy generating kite. Makani was part of the Alphabet, the parent company of Google, for a…

Tesla Buys controversial Battery maker Maxwell Technologies. Tesla buys battery maker Maxwell Technologies. The builder of electric cars pays around 218 million dollars in shares for the company, which was previously discredited by fraud…

ABN AMRO Expects house Prices to continue to Rise until 2021. Economists from ABN AMRO expect housing prices to continue to rise until 2021. For this year, the Bank's Economic Bureau expects a price increase of 6 percent, according to a…

Nestlé Hoards products in the UK due to Possible 'no deal Brexit.' The Swiss food concern Nestlé has taken extra stock in the United Kingdom because of the chance of a 'no deal Brexit'. Nestlé CEO Ulf Mark Schneider said in an…

OPEC reaches an Agreement with Allies about lowering Oil Production. Oil cartel OPEC, in consultation with allies, reached an agreement on the reduction of oil production, report sources around the oil meetings of Friday in Vienna. …

Uber has a New finance Director after Three Years. Taxi company Uber has designated Nelson Chai as financial director. The company had left that role vacant since the departure of Brent Callinicos in 2015. Chai earlier worked for…

Goldman Sachs advises Tesla at the Stock Exchange. Car manufacturer Tesla is advised by investment bank Goldman Sachs when planning the stock exchange. That's what Tesla CEO Elon Musk reports in a tweet on Tuesday, which makes his…

Ivanka Trump is Shutting Down her fashion Clothing Brand. The daughter of US President Donald Trump led the brand last year when she became an instructor to her father in the White House. "After seventeen months, Ivanka has made…

Airbus has signed a deal with Uganda Airlines for the delivery of two A330-800s. With this, the aircraft manufacturer finally has another buyer for the smallest version of the A330neo. Earlier, Hawaiian Airlines cancelled the order…