Month: December 2021

To attract Tesla, Beijing rewrote its rules for foreign auto businesses and offered tax incentives and cheap land. In return, the company would jump-start China’s homegrown electric-vehicle industry. But now, the auto giant is entering bumpier terrain.

Thefts during the busy holiday shopping season mark an increase in intensity because of the size of the criminal groups and the organized nature of the crimes, said retail and security executives.

The FDA’s authorization expands the drug’s use to fight Covid-19 to people under the age of 12.

Slower hiring is clouding a recovery that also faces new Covid uncertainties.

Vaccine seekers in some states face waits of days or weeks for doses as local health officials hustle to improve access to meet surging demand. CVS, Walgreens and Walmart, which are facing staffing shortages, now say they may not be able to accommodate people without appointments.

Shell is standing firm against Third Point’s call for a breakup to retain and attract investors. But that isn’t stopping Eni and other European energy conglomerates from targeting similar moves to boost shareholder returns.

Didi Global plans to delist its shares in the U.S. and pursue a listing in Hong Kong, a dramatic reversal just months after the Chinese ride-hailing group’s ill-fated initial public offering in New York.

Elon Musk has now unloaded more than $10 billion in Tesla stock as the billionaire’s share-selling spree involving his holdings in the electric-vehicle maker stretched into a second month.