Financial and economic news

Inside the eccentric, relentless deal-making of Masayoshi Son

Early last year, Cheng Wei, founder and chief executive of the Chinese ride-hailing juggernaut Didi Chuxing, tried to resist taking money from legendary investor Masayoshi Son. Cheng told the SoftBank Group chief he didn’t need the cash because his company had already raised $10 billion, according to people familiar with the matter. Fine, Son said, …

Car manufacturers Transport and Logistics

The Tesla Semi electric truck exceeds the hype.

When fully laden and travelling at 65 mph, the Tesla Semi can cover an astonishing 500 miles on a single charge. The much-awaited reveal of the Tesla Semi electric truck took place in Hawthorne, California, in typical Elon Musk style. Speculation prior to the presentation was substantially exceeded with its claimed range well beyond the …