Shares jump 12% on news Tesla will make 'more affordable' EVs on its manufacturing lines, despite its first-quarter profit plunging by 55% amid protracted price-war and pressure from hybrids

Prosecutors say Zhao, who faces sentencing in a Seattle court next week, should serve 36 months in jail for serious money laundering offences. Meanwhile, a Binance exec is languishing in a jail in Nigeria amid a legal row over 'unpaid taxes' and other 'crimes'.

Huawei looks set to become the No-1 smartphone seller in China this year, backed by the launch of its new series of high-end phones

Secretary of State Antony Blinken is set to fly to Beijing to outline this threat in a bid to stop China's financial backing for Russia's military production

Chinese entities bought advanced Nvidia chips embedded in server products made by Super Micro, Dell and Taiwan's Gigabyte Technology after chip curbs were expanded late last year

Raimondo’s views come at a time when Huawei's revelation of a new AI-enabled laptop, powered by Intel's new Core Ultra 9 chip, has angered China hardliners in the US

China announces "anti-dumping penalties" on imports of a US chemical and orders Apple to cut WhatsApp and other messaging apps. Analysts say trade tensions look set to get much hotter

US tech giant said Beijing ordered it to cut the messaging apps because of national security concerns; Telegram and Signal were also removed

Fans lined up at Huawei stores in big Chinese cities on Thursday to buy the new P70 phones, which analysts expect will have an advanced locally-made chip

Taiwan chip giant says it's been lifted by huge demand for advanced chips for AI and data centres, forecasts a big lift in second-quarter sales

US tech giant plans to spend $8 billion over the next decade to grow Oracle Cloud Infrastructure, its cloud computing service, across Japan

With Japanese firms now wary about investing in China, the US's economic resilience has proven too strong to ignore