Tesla said it plans to cut 9% of its workforce as part of a restructuring intended to reduce costs and boost profitability. The layoffs at Elon Musk's electric car company come as it tries to increase production of its Model 3 sedan and turn a quarterly profit this year.
Leaders of the G7 group are gathering in Canada for what could be one its most acrimonious summits in years. On the eve of the meeting, the French and Canadian leaders clashed with US President Donald Trump on the summit's key agenda - trade tariffs.
The head of Taiwan's Foxconn, which assembles Apple iPhones and other tech products, says Washington's conflict with Beijing is over technology rather than trade.
China and the US say they will halt imposing punitive import tariffs, putting a possible trade war "on hold." The deal came after talks in the US aimed at persuading China to buy US$200 billin of US goods and services and thereby reduce the trade imbalance.
Tesla board members are facing shareholder scrutiny as the electric vehicle and clean energy company struggles to contain costs and ramp up production of its Model 3 sedans.
The National Transportation Safety Board said Wednesday it is sending a team to Fort Lauderdale, Florida to investigate a fatal crash involving a 2014 Tesla Model S. Two teenagers were killed and a third was injured when the vehicle crashed on State Route A1A.
The California Energy Commission (CEC) passed a first-in-the nation rule Wednesday, mandating all new homes constructed in the state be equipped with solar panels.
The San Diego Union-Tribune
China's economy grew at an annual pace of 6.8% in the first quarter compared to the same period last year, according to official data, beating forecasts for the period. The growth figures for January to March were also above Beijing's 2018 annual growth target of "around 6.5%".
Tesla is temporarily stopping production of its Model 3 electric car, amid a long waiting list and several missed targets. The company, however, says the shutdown is intended to resolve some of the problems that have contributed to the numerous delays in getting the cars to hundreds of thousands of reservation holders.
US President Donald Trump has said he will only join the Trans Pacific Partnership (TPP) if the deal is "substantially better" than the one offered to President Barack Obama. The TPP is the free trade pact with primarily Asia-Pacific nations that Trump backed out of last year.
China is showing the United States that it will make good on its trade threats.
China has said it is considering imposing tariffs on US$3 billion worth of US products in retaliation to new tariffs announced by US President Donald Trump. The list of products under consideration by China includes pork, wine, fruit and nuts and stainless steel pipes, among others.
The main trading partners of the US have reacted angrily after President Donald Trump announced plans to impose tariffs on steel and aluminium imports. Canada and the EU, both key US allies, said they would bring forward countermeasures. Mexico, China and Brazil have also said they are weighing up retaliatory steps.
The US has approved controversial tariffs on imported washing machines and solar panels. The move is in line with President Trump's "America First" trade policy, which aims to protect local manufacturers from foreign competition. Chinese solar panels makers and washing machine producers in South Korea will be most heavily affected.
Toyota and Panasonic have announced an agreement to begin studying the feasibility of a joint automotive prismatic battery business. This agreement between the two companies aims to help find solutions to pressing societal issues such as global warming, air pollution, the depletion of natural resources and energy security.
Kenji Kano has been named president and CEO of Toshiba America Energy Systems (TAES) effective December 1, 2017. Fumio Otani, chairman of the Board of Directors of TAES, had served as president and CEO on an interim basis since March 1, 2017, and will continue to serve as chairman of the Board of Directors for TAES.
Tesla upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever.
Toshiba is being investigated by regulators in Japan concerning financial reports relating to the failed Westinghouse nuclear unit.
The recall only affects Model X's with second-row fold-flat seats built between October 28, 2016 and August 16, 2017, and the company estimates that only 3% of vehicles sold experience the issue.
Tesla has released its quarterly vehicle production numbers for the third quarter of 2017, which it says was its "all-time best quarter for Model S and Model X deliveries" - but it was not a great quarter for production of the Model 3, of which only 260 were made.
In an internal memo, a male software engineer at Google argued the lack of women in top tech jobs was due to biological differences between men and women.
Huawei, which has been one of the main contributors towards standardizing NB-IoT technology (4.5G technology), has developed the first NB-IoT Smart Meter in partnership with JANZ CE and u-blox.
Toshiba's business partners are preparing for a scenario in which the company seeks to reorganize under Japanese bankruptcy laws, with consequences for the global nuclear-power and electronics industries.
Marketwatch.com (Dow Jones)
Toshiba shareholders agreed to split off its prized NAND flash memory unit on Thursday, paving the way for a sale to raise at least $9 billion to cover US nuclear unit charges that threaten the conglomerate's future.
Tesla says the stake is passive, meaning Tencent will not get a say in how the US firm is run.
The US firm has struggled with hefty losses that have thrown its Japanese parent into a crisis, putting the conglomerate's future at risk.
The Japanese government said it was not considering steps to support embattled Toshiba and will share information with Washington on developments involving the firm and its US nuclear unit Westinghouse.
Traditional yellow sodium street lights are steadily being replaced by white LED bulbs. The new lights use less energy, dramatically cutting carbon emissions and saving money. But not everybody is happy.
After a day of delays and confusion, Japan's Toshiba said on Tuesday it expected to book a $6.3 billion hit to its US nuclear unit, a writedown that wipes out its shareholder equity and will drag the group to a full-year loss.
Toshiba has delayed its earnings announcement, planned for Tuesday, after it was not able to immediately secure the approval of its auditor, a source briefed on the matter said.
Toshiba said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division-the cause of its woes-was now under review.
Toshiba is looking to sell a minority stake in its core semiconductor business to Western Digital, a source said, in a bid to dull the blow from a looming multi-billion-dollar writedown on a US nuclear acquisition.
Start-up Faraday Future has unveiled a self-driving electric car that it says can accelerate from zero to 60mph (97km/h) in 2.39 seconds.
The sell-off of Toshiba shares continues following news that the Japanese electronics maker could write down US nuclear assets by several billion dollars - a strong blow the company's fragile finances could have difficulty handling, investors fear.
Nikkei Electronics Asia
Tesla says it is on track to deliver 50,000 vehicles in the latter half of this year, which reaffirms its previous guidance.
Taiwan-based Gogoro has announced it has teamed up with a new Bosch subsidiary, Coup, to provide smart e-scooter sharing service in Berlin.
Tesla's offer represented about half of SolarCity's value a year ago, a tumble reflecting the solar company's slowing growth, complex financial structure and the increased scrutiny of government incentives for rooftop solar.
Infineon Technologies, Europe's biggest chipmaker by revenue, agreed to buy Cree's Wolfspeed Power unit for $850 million to expand in fast-growing markets such as electric cars, renewable energy and the Internet of Things.
Taiwan is bracing itself for the arrival of a vast typhoon, expected to hit the island on Friday.
UKIP leader Nigel Farage hailed it as the UK's "independence day" but the Remain camp called it a "catastrophe."