Europe’s planned rival to Visa and Mastercard appeals for public funding
A planned pan-European payments network backed by 22 banks to compete with U.S. duo Mastercard and Visa appealed on Tuesday for public money, saying its…
Category: Business
Qualcomm, diversifying from mobile phones, to supply chips for BMW self-driving cars
Qualcomm Inc (QCOM.O) on Tuesday said that German automaker BMW (BMWG.DE) will use its chips in its next generation of driver-assistance and self-driving systems. San…
Oil settles mixed on tight inventories, demand worries
Oil prices settled mixed on Tuesday, as prospects of tight inventories worldwide were offset by forecasts of a production increase in coming months and concerns…
JPMorgan sues Tesla for $162 mln after Musk tweets soured warrant deal
JPMorgan Chase & Co (JPM.N) has sued Tesla Inc (TSLA.O) for $162.2 million, accusing Elon Musk’s electric car company of “flagrantly” breaching a contract the…
Qualcomm forecasts post-Apple sales growth, shares hit all-time high
Qualcomm Inc (QCOM.O) said on Tuesday it expects chip sales to Apple Inc (AAPL.O) to dwindle to a trickle in the coming years but predicted…
Uber introduces revamped shared rides offer in the U.S.
Uber Technologies Inc (UBER.N) on Tuesday said it was resuming shared rides, which were scrapped during the pandemic, detailing a revamped offer aimed at reducing…
As Port of Los Angeles import backups ease, empty containers pile up
The number of container ships waiting to enter the busiest U.S. seaport complex hit a new record of 84 on Tuesday, as growing piles of…