Category: Business

The Dakota Access oil pipeline can continue to operate amid an ongoing court battle, a U.S. Appeals Court said on Tuesday, setting aside for now a lower court’s order earlier this month to shut and empty the line. The U.S. Court of Appeals for the District of Columbia granted Dakota Access, controlled by Energy Transfer […]

Apple’s clash with EU competition regulators comes to a head on Wednesday as Europe’s second-highest court rules on whether it has to pay 13 billion euros ($15 billion) in Irish back taxes, a key part of the EU’s crackdown against sweetheart tax deals. In its order four years ago, the European Commission said Apple benefited […]

Nissan Motor Co (7201.T) on Wednesday unveiled the Ariya – an electric SUV and its first all-new global model in five years – hoping it will symbolize its road to recovery after more than a year of scandal and a precipitous decline into earnings losses. But initial sales plans for the Ariya are modest, people […]

A central Texas county that includes Austin on Tuesday approved a plan to provide millions in tax subsidies to Tesla Inc (TSLA.O) if it builds a $1.1 billion vehicle factory in the area. The decision marks a step forward for Texas as it vies with Oklahoma to attract a new factory to build Tesla’s Y […]

China warned British Prime Minister Boris Johnson on Wednesday that his decision to ban Huawei from the 5G network would cost Britain dearly in investment, casting the move as the result of politicised pressure from U.S. President Donald Trump. Hours after Johnson ordered Huawei equipment to be purged from the nascent 5G network by the […]

More than 2,500 mobile games were removed from Apple’s China app store in the first week of July, four times as many in the same period in June, after Apple closed a loophole to comply with Chinese licence requirements, data from SensorTower showed. Apple had given publishers of revenue-generating games a deadline of end-June to […]

The U.S. economy will recover more slowly than expected amid a surge in novel coronavirus cases across the country, and a broad second wave of the disease could cause economic pain to deepen again, Federal Reserve officials warned on Tuesday. One by one, Fed policymakers have become more downbeat in recent days, resetting expectations on […]