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As the electric vehicle industry faces a string of high-profile failures, several startups that have surfaced in recent years have underestimated their capital needs by billions of dollars, industry insiders said.
BANGKOK -- New Zealand aircraft maker NZAero will scale up its maintenance and repair operations in Thailand as it looks to turn the country into a Southeast Asian service hub.
SINGAPORE (Reuters) -- Apple plans to invest more than $250 million to expand its regional campus or operations in Singapore's Ang Mo Kio district, according to a company statement dated April 17.
TOKYO -- The Japanese trading house Sojitz has signed a 45 billion yen ($290 million) contract with MRT Jakarta, operator of Jakarta Mass Rapid Transit, to extend the subway system in the Indonesian capital's traffic-heavy central area, the company announced on Thursday.
This is CNBC's live blog covering European markets.
Beleaguered artificial intelligence startup Stability is laying off employees after the exit of its controversial former CEO Emad Mostaque.
Two buildings acquired in 2022, which are next to its existing offices, will undergo a major upgrade. This will bring “three unique spaces together to foster greater collaboration for Apple’s growing teams”, the tech giant said in a statement on Wednesday.
British oil major BP on Thursday trimmed its executive team down to 10 members and announced William Lin as the new head of the firm's oil and low carbon energy business.