US broadcaster NBC Universal has bought a 25% share in Lyons-based Euronews for $30 million.
Billionaire Elon Musk has offered to fix South Australia’s energy issues within 100 days, claiming that he would do it for free if he failed to meet the deadline. The offer comes after several blackouts due to storms in the Australian state that have caused price spikes, with local energy firms struggling to meet demand […]
U.S. firms Boeing and Ford are powering ahead with China expansion plans, betting big despite the country’s economic slowdown. Boeing is set to break ground on its first overseas plane factory by the end of this month, and will aim to deliver 100 planes per year, with the initial batch expected in 2018, Chinese state […]
E-commerce site Alibaba took 40.3 percent of all money brands spent on mobile advertising in China in 2016, equivalent to $11 billion, according to new figures. Search engine Baidu received almost 20 percent of mobile ad spend last year ($5.5 billion), while social network Tencent got 11.6 percent ($3.2 billion), according to online reports from […]