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Alibaba hit with anti-monopoly probe as China steps up pressure on retail giant

Chinese regulators have announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over the country’s fast-growing tech...

Elon Musk says Apple passed on potential deal to acquire Tesla

Tesla chief executive Elon Musk said he once considered selling the electric car maker to Apple, but Tim Cook rejected a request for a...

McDonald’s sells ‘Spam burger’ topped with Oreo crumbs in China

McDonald’s is selling a sandwich made of Spam topped with crushed Oreo biscuits in China in an attention-grabbing move that has raised eyebrows. Global brands...

Japan’s economy bounces back to grow 22.9% in third quarter

Japan’s economy expanded at a 22.9% annual rate in the latest quarter, as businesses and personal spending recovered from pandemic-related shocks in the spring...

Uber sells its self-driving vehicle division

Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummelled by the coronavirus pandemic. Self-driving...

CEO of retailer Zalando resigns to prioritise wife’s career

The chief executive of online fashion retailer Zalando is stepping down to focus on his family, saying his wife’s career should “take priority” in...

UAE relaxes rules on foreign ownership of companies amid pandemic fallout

The United Arab Emirates has relaxed and removed a range of limits on foreign ownership of companies, state-run media reported, in the country’s latest...

EU files charges against Amazon over use of data

European Union regulators have filed charges against Amazon, accusing the e-commerce giant of using data to gain an unfair advantage over merchants using its...

China’s Ant Group could raise nearly £26.5bn in record share offering

China’s Ant Group will try to raise nearly £26.5 million in its initial public offering in Shanghai and Hong Kong, which would make it...

Flybe could return to skies next year after rescue deal

Flybe planes might start taking off again early next year after administrators said they had agreed a rescue deal for the collapsed airline. Thyme Opco...

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