Business

(Reuters) — Tesla said on Saturday it would increase the price for its Model Y electric vehicles (EV) in a number of European countries on March 22 by approximately 2,000 euros ($2,177) or the equivalent in local currencies. The move, announced in a post on social media platform X, followed the aut…

(Reuters) — Apple agreed to pay $490 million to settle a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling demand for iPhones in China. A preliminary settlement was filed on Friday with the U.S. District Court in Oakland, California, and require…

WASHINGTON (Reuters) — The U.S. export credit agency on Thursday voted to approve a $500 million loan guarantee for an oil and gas drilling project in Bahrain, testing a U.S. climate pledge to stop backing projects that expand the use of fossil fuels. The board of directors at the Export-Import Ban…

(Reuters) — An Illinois jury has ordered Reckitt Benckiser unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed the company’s Enfamil baby formula. The jury in an Illinois state court in St. Clair County on Wednesday found th…

WASHINGTON (Reuters) — If President Joe Biden keeps his promise to sign a bill that could ban TikTok over its ties to the Chinese government, he may rob his reelection campaign of a platform that he and fellow Democrats rely on to reach younger voters. Biden’s campaign got thousands of “…

(Reuters) — Epic Games, which makes the popular video game “Fortnite,” on Wednesday accused Apple of violating an injunction governing its lucrative App Store, and asked a U.S. judge to hold Apple in contempt and end its “sham” compliance. The companies have been battling in…

(Reuters) — McDonald’s international sales will fall sequentially in the current quarter, pressured by the conflict in the Middle East and demand weakness in China, CFO Ian Borden said on Wednesday, sending its shares down 2% in early trade. First-quarter comparable sales in McDonald’s …