SpaceX to lay off 10 percent of workforce

The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges ahead.”

Nissan files criminal complaint against former CEO Ghosn

Earlier Tokyo prosecutors filed two new charges of financial misconduct against Carlos Ghosn.

Strong economy does little to lift US department store sales

Despite investors' expectations of robust sales, big department stores reported disappointing sales figures for the holiday season, sending their share values tumbling.

Ford, Jaguar slash thousands of jobs across Europe

Mass-market carmaker Ford and luxury-focused Jaguar Land Rover have announced sweeping restructuring that will cost thousands of jobs in Europe.

Fiat Chrysler to pay more than $700m over US diesel emission claims

Fiat Chrysler will pay $311 million in penalties to the Justice Department, at least $75 million to states investigating the excess emissions and additional funds to offset excess emissions and $280 million to settle a lawsuit by owners.

New York's iconic Chrysler Building put up for sale

The 77-story stainless steel-clad skyscraper, briefly the world's tallest building after it was finished in 1930, is 90 percent owned by the Abu Dhabi Investment Council.

BP unlocks a billion oil barrels in Gulf of Mexico with new technology

BP discovered two new oilfields in the Gulf of Mexico, identifying an additional billion barrels of oil in the region using new seismic technology.

Amazon is now the world's most valuable public company

The online sales goliath assumed the top spot after notching a 3.4 percent gain to finish with a market capitalisation of $796.8 billion, about $13.2 billion more than Microsoft.

Nissan's Ghosn says he's innocent in first court appearance since arrest

Ghosn, credited with rescuing Nissan from near-bankruptcy two decades ago, appeared thinner then before his arrest as he entered a court in handcuffs and a rope around his waist, wearing a dark suit without a tie.

Turkey to investigate whether Google violated competition law

The probe follows a complaint that Alphabet Inc’s Google unit had “abused its dominant position and made the efforts of other companies difficult.

World Bank's Kim to resign effective Feb 1, work on infrastructure

Kim had pushed financing for green energy projects and dropped support for coal power investments. President Trump will wield strong influence in choosing Kim's successor as the US holds a controlling share of the Bank's voting rights.

US-China trade talks: What’s at stake?

While the talks are being held between second-rung bureaucrats, its outcome could define the course of trade relations between the world’s two largest economies.