4 board members at Tesla are going to leave, report

On Friday after market close, Tesla announced that 4 board members are going to leave at the end of their terms this year and in 2020. With the release of Tesla’s preliminary proxy statement for its upcoming shareholders meeting, the automaker made the announcement that board members Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda […]

Japan posts largest trade deficit in 5 years

Japan logged its biggest trade deficit in nearly five years in January, as trade tensions and a global economic slowdown weighed on exports and threatened the country’s main engine of growth. The value of Japan’s January exports fell by a faster than-expected 8.4% from a year ago to 5.574 trillion yen, a two-year-low, according to […]

Canada arrests chief financial officer of China’s Huawei

The chief financial officer of China’s global telecomms giant Huawei has been arrested in Canada and faces extradition to the United States, officials said Friday, triggering a strong protest by Beijing, which called for her immediate release. Meng Wanzhou’s detention comes after American authorities reportedly launched an investigation into suspected Iran sanctions by Huawei, which […]

British pound rises as chances for Brexit reversal rise

The British pounds strengthens against the U.S. dollar and the euro after a string of parliamentary defeats for UK Prime Minister Theresa May increases the chances that Brexit will eventually be called off. The odds are still below 50%, though. JPMorgan raised the probability of Britain ultimately staying in the EU to 40% from 20%. […]

IBM set to acquire Red Hat in $34B deal

IBM announced Sunday it will acquire North Carolina-based open-source software company Red Hat in a $34 billion stock deal that the technology and consulting giant’s chief executive says will advance the company to the next step in cloud computing. IBM and Raleigh-based Red Hat said in a joint statement that IBM would buy all Red […]

Saudi crown prince proclaims investment conference a success despite boycott

Saudi Arabia’s crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as “great – more people more money”. This year’s Future Investment Initiative was overshadowed by the death of the Saudi journalist, a critic of Crown […]