The Financial Times

Michael Calvey, a U.S. investor residing in Moscow, Russia, was freed from his house arrest on Nov. 12, Reuters has reported. What Happened: The Supreme Court in Russia ended the Baring Vostok Calvey’s house arrest that lasted 19 months, following a corporate dispute over the...

Panasonic Corporation (OTC: PCRFY), a leading Tesla Inc. (NASDAQ: TSLA) battery supplier, is not worried about the electric vehicle maker purchasing batteries from rivals or start in-house manufacturing of battery cells, the Financial Times reports. What Happened:...

Airbnb Inc could face headwinds in Europe with its potential inclusion as a “gatekeeper” portal under the new Digital Markets Act, the Financial Times reported Sunday. The European authorities are still deliberating over the internet regulation guidelines and the list of...

Alibaba Group Holding Limited (NYSE: BABA)-backed Ant Group’s initial public offering and dual listing in Hong Kong and Shanghai could be delayed by at least six months, the Financial Times reported Thursday. What Happened: On Tuesday, the listing, which would have raised $37 billion, was...

Tesla Inc (NASDAQ: TSLA) is partnering with Paris-based independent energy producer Neoen SA to set up a massive lithium-ion battery site in Australia. What Happened: Neoen will be responsible for handling the grid's system integrity, the Financial Times reports. Whereas, Tesla...

A successful COVID-19 vaccine could be a bumper revenue opportunity for the pharmaceutical companies, with the market estimated to generate at least $10 billion in revenue a year, according to analysts. The Thesis: Morgan Stanley and Credit Suisse analysts estimate that people will...

Jack Ma, the co-founder of the Ant Group and Alibaba Group Holding Ltd (NYSE: BABA), has been summoned by China’s central bank and three other regulators for questioning, the Financial Times reported Monday. What Happened: The People’s Bank of China, China Banking and Insurance...

The biggest consoles-launch in the $145 billion gaming industry comes next week as Microsoft Corporation's (NASDAQ: MSFT) Xbox Series X and Sony Corp's (NYSE: SNE) PlayStation 5 (PS5) go on sale on Nov. 10 and Nov. 12, respectively, reports the Financial Times. Timing:...

Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) earnings on Wednesday failed to impress, as the American shopper held back from spending in the middle of the pandemic, the Financial Times reports. Both Visa and Mastercard reported a year-over-year...

Apple Inc (NASDAQ: AAPL) is ramping up efforts to develop its own search technology amid a backdrop of antitrust scrutiny over its relationship with Google parent Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), the Financial Times reported Wednesday. What Happened: The development would cast a...

Data from AstraZeneca plc's (NASDAQ: AZN) COVID-19 vaccine trial, developed in collaboration with the University of Oxford, has shown encouraging signs for the elderly, the Financial Times reports. Researchers found that the vaccine triggers protective antibodies and T-cells...

Nikola Corporation (NASDAQ: NKLA) CEO Mark Russell took distance from the company’s electric pickup truck Badger in an interview with the Financial Times on Thursday.  What Happened: Russell sought to diminish the role Badger plays in the company's business — a...

Sales of electric cars in Europe are set to increase by three times this year compared with the last year, according to green policy group Transport & Environment.  What Happened: One in 10 new cars in Europe is projected to be an electric or a plug-in hybrid this year, the Financial...

British drugmaker AstraZeneca PLC (NYSE: AZN) has pledged that it will not profit from its under-development COVID-19 vaccine until the pandemic is over. According to the Financial Times, that timeline may be a lot shorter than most people anticipated. What Happened: The United Kingdom-based...

The Tokyo Stock Exchange on Thursday halted trading of stocks for an entire day, as it suffered technical glitches. What Happened: This the first such instance in the Japanese exchange desk's history since it adopted an electronic trading system in 1999, according to the Financial...