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Elon Musk testifies at defamation trial he responded to 'unprovoked attack'

High-tech entrepreneur Elon Musk took the witness stand at his defamation trial on Tuesday, testifying that his inflammatory Twitter message at the center of the case was sent in response to an "unprovoked" insult he received from the man now suing him.



5 years ago

Elon Musk testifies his 'pedo guy' tweet not meant to be taken literally

High-tech entrepreneur Elon Musk testified at his defamation trial on Tuesday that his "pedo guy" Twitter message at the center of the case was not meant to be taken literally and was sent in response to an "unprovoked" insult he received from the man now suing him.



5 years ago

United orders 50 new Airbus long-range jets to replace Boeing 757s

United Airlines Holdings Inc announced on Tuesday an order for 50 Airbus SE A321XLR jets to fly between the U.S East Coast and Europe, becoming the latest U.S. airline to ink a deal for the European planemaker's new passenger jet.



5 years ago

U.S. solar group says Trump tariffs killing jobs; White House says 'fake news'

The U.S. solar industry warned on Tuesday that the Trump administration's tariffs on imported panels will cost the United States 62,000 jobs and $19 billion (£14.81 billion) in investment, an estimate the White House dismissed as "fake news".



5 years ago

Elon Musk's tweets bring controversy, nearly 30 million followers

Trial began in U.S. District Court in Los Angeles on Tuesday in a defamation lawsuit brought against Elon Musk by British cave diver Vernon Unsworth over three July 15, 2018 tweets by the Tesla chief executive, one calling him "pedo guy."



5 years ago

Johnson & Johnson says new tests show no asbestos in Johnson's Baby Powder

Johnson & Johnson said on Tuesday that recent tests showed that Johnson's Baby Powder was free of asbestos, after U.S. Food and Drug Administration investigations reported trace amounts of the material in the product earlier this year.



5 years ago

Hyundai Motor says to invest $52 billion over six years

Hyundai Motor said on Wednesday it planned to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025.



5 years ago

Asian shares slide as Trump raises specter of longer trade war

Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing market hopes for a quick preliminary agreement.



5 years ago

Shares slide as Trump raises spectre of longer, wider trade war

Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick preliminary agreement.



5 years ago

South Korea court upholds $873-million antitrust penalty for Qualcomm

A South Korean court on Wednesday upheld a record fine of $873 million for U.S. chip giant Qualcomm , imposed by the Asian nation's antitrust watchdog in 2016 over unfair business practices.



5 years ago

South Korea's Hyundai Motor unveils plan to invest $52 billion over six years

Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, about one-third of the expenditure focused on electric and autonomous vehicles, the company said on Wednesday.



5 years ago

Oil gains ahead of OPEC+ meeting, boosted by fall in U.S. stockpiles

Oil prices rose on Wednesday in advance of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the market and following industry data showing that U.S. crude stockpiles fell more than expected.



5 years ago

China's Postal Savings Bank says some retail investors opt out of mainland listing

Postal Savings Bank of China said investors had opted out of paying for 3% of shares on offer in its Shanghai listing - a rare development that underscores growing concerns over problems in China's banking system.



5 years ago

China capex growth hits three-year low as weak economy, trade war drag

Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves, a Reuters analysis showed.



5 years ago

Alphabet's new CEO Pichai now sole target on Google regulatory battles

Alphabet Inc's new chief executive, Sundar Pichai, will have the hot seat all to himself as regulators around the world investigate the company, U.S. politicians demand that it be broken up, and President Donald Trump accuses it of aiding his rivals.



5 years ago