Business

Tesla Model 3 to roll off assembly line

Tesla Model 3 to roll off assembly line

Shares fell roughly 14 per cent after Musk tweeted that deliveries of the company's other two models - the Model S sedan and Model X SUV - were at the low-end of the company's projections in the first half of this year. Tesla's share price more than doubled between December and late June on optimism for Musk's strategy to target the masses with a more low-cost electric vehicle.


Cosco Shipping offers US$6.3b to buy Orient Overseas

Cosco Shipping offers US$6.3b to buy Orient Overseas

The deal would enable Cosco to run more than 400 vessels. COSCO Shipping , together with Shanghai International Port (SIPG), agreed to buy a combined 68.7 percent stake from OOIL's controlling shareholders, giving COSCO Shipping and SIPG a 90.1 percent and 9.9 percent stake respectively.


Electronics ban on RJ flights to United States lifted

Electronics ban on RJ flights to United States lifted

Department of Homeland Security's new security guidelines for all U.S. bound flights", RJ President/CEO Stefan Pichler said in a statement, a copy of which was obtained by Xinhua. Saudi Arabian Airlines (Saudia) has said it expects the ban to be lifted on flights from Jeddah and Riyadh by July 19. "Now our passengers flying from Kuwait International Airport to in #NY will be able to use all of their personal electronic devices", the emirate's flag carrier said on Twitter yesterday.


In 10 Americans Support Travel Ban

In 10 Americans Support Travel Ban

Hawaii District Court Judge Derrick Watson is now tasked with ruling on what constitutes as a " bona fide relationship ". But slapping down their efforts to hamper the US President's controversial policy, Judge Watson said the state could directly ask the US Supreme Court to clarify its ruling.


How JAY-Z's 4:44 album went 'instant' platinum

How JAY-Z's 4:44 album went 'instant' platinum

As remarkably immediate as it is, though, "4:44" feels durable in a manner that few tweets do; it's a collection of songs - sly but moving, both intricate and lucid - that we'll be coming back to for years. A platinum album equals one million album units. Billboard confirmed with Roc Nation that Sprint, indeed, did purchase at least one million copies of 4:44 and therefore the album will not be charting on Billboard as one million sold.