Category: Business

Electric car models to triple in Europe by 2021

The uptake of electric cars has been stalling, blamed on a lack of charging infrastructure and higher prices. Latest data shows carmakers will offer 214 electric car models in 2021, up from 60 models at the end of 2018. More affordable options could see consumers switch from petrol and diesel cars sooner than anticipated. Analysis […]

Luxury goods join Hong Kong retail slump as protests bite

The Swiss company said political unrest in Hong Kong, a key market for its watches, has knocked sales. Retailers in the territory forecast a sharp sales drop this year due to the protests, while tourism is also suffering. Demonstrators have filled Hong Kong’s streets over the past month with more protests expected this weekend. The […]

Boeing takes $5bn hit over grounding of 737 Max

The charge is set to wipe out profits when the world’s biggest planemaker posts quarterly results next week. In a statement, Boeing also said its “best estimate at this time” is that the aircraft will return to service in the last three months of this year. A 737 Max crash in Indonesia in October, and […]

Microsoft extends lead as world’s most valuable company with record profits

Microsoft has extended its lead over Apple as the world’s biggest listed company after beating investors’ expectations with a jump in profits. The Seattle software giant surpassed Wall Street forecasts despite a slowdown in its fast-growing cloud division and a decline in sales at its video games unit. Microsoft became the world’s most valuable company […]

Netflix confirms lower-priced, mobile-only plan

Having tested the plan in several countries earlier this year, Netflix has confirmed it is introducing a lower-priced, mobile-only subscription tier. Launching first in India, where mobile data plans are some of the cheapest in the world and where consumption is rising, the plan will cost Rs 250 (roughly £2.91/$3.63) per month – half the […]