Elon Musk’s auto manufacturing firm Tesla appears to be in the lead in the “arms race” for lithium-ion batteries, but others may be soon to follow, a former prominent Credit Suisse research head told CNBC on Monday. Musk recently announced plans to build the world’s biggest lithium-ion battery storage project in South Australia. Meanwhile, construction […]

Investors should be prepared for a “nasty” market correction in two months’ time as central banks appear set to stick with low interest rates for longer than expected, a former prominent Credit Suisse research head told CNBC on Monday. “I think earnings are OK, I think the economy is OK but I think interest rates […]

British consumers will be able to request that their data is erased and to ask social media giants like Facebook to delete embarrassing posts under new data protection legislation. The law, which will enshrine the European Union’s General Data Protection Rule (GDPR), is intended to give the public more control over what happens with their […]

Deutsche Bank is no longer one of the world’s top 15 private banks after a difficult year for the German lender, a study by Scorpio Partnership showed Monday. The bank saw its private banking arm getting less revenue in 2016 – a drop of 28 percent in dollar terms to $227 billion compared to the […]

The government of Germany’s Lower Saxony on Sunday denied a newspaper report that its premier softened speeches critical of Volkswagen in the diesel emissions scandal at the company’s request. Stephan Weil, already facing an unexpected election after the defection of a member of his ruling coalition to Chancellor Angela Merkel’s conservatives, is under fire for […]

Russian Foreign Minister Sergei Lavrov said on Sunday that the United States’ special representative on Ukraine, Kurt Volker, would soon meet a senior aide to Russia’s President Vladimir Putin. Lavrov, who earlier discussed the Ukraine crisis and other hot international issues with U.S. Secretary of State Rex Tillerson, did not say when Volker, a former […]

The British government issued new guidelines on Sunday requiring manufacturers of internet-connected vehicles to put in place tougher cyber protections to ensure they are better shielded against hackers. The government said it was concerned that smart vehicles, which allow drivers to do things such as access maps and travel information, could be targeted by hackers […]

Iranian President Hassan Rouhani, who is being sworn-in for a further term on Saturday, has accused the United States of trying to undermine Tehran’s nuclear deal with world powers, and urged European countries not to side with Washington. Rouhani, who was decisively re-elected in May after promising to open Iran to the world and create […]

Russia said on Saturday the European Union’s decision to sanction a Russian deputy energy minister over the delivery of Siemens’ turbines to Moscow-annexed Crimea was politically motivated and illegal. The EU first imposed sanctions on Russia after the 2014 military annexation of Crimea from Ukraine. On Friday, it introduced additional measures in response to the […]

Britain needs to make clear to the European Union that it is prepared to go it alone if it fails to reach a satisfactory deal in Brexit talks, former Bank of England Governor Mervyn King said on Saturday. King – who said in December that Britain should leave the EU’s single market and possibly its […]