Latest Business News

• Foxconn says trying to hire 50,000 people in first quarter after job cut reports
  Taiwan's Foxconn , assembler of Apple Inc's iPhones, on Tuesday said it was trying to recruit for more than 50,000 positions across its China campuses for the January-March quarter, amid reports of mass lay-offs.
  
• U.S. to formally seek extradition of Huawei executive Meng Wanzhou: Globe and Mail
  The United States will proceed with the formal extradition from Canada of Huawei executive Meng Wanzhou, Canada's ambassador to the United States told the Globe and Mail, as Beijing vowed to respond to Washington's actions.
  
• Toyota, Panasonic announce battery venture to expand EV push
  Toyota Motor Corp and Panasonic Corp are launching a joint venture next year to make electric vehicle (EV) batteries, leveraging the heft of one of the world's largest automakers and battery makers to expand their EV push.
  



• Exclusive: Tesla says it received battery quotes from China's Lishen but no deal agreed
  Tesla Inc said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm.
  
• China's Lishen says has not signed agreement with Tesla on supplying batteries
  China's Tianjin Lishen said on Tuesday it has not signed any agreement with Tesla Inc on supplying batteries to the U.S. electric vehicle maker's Shanghai factory.
  
• Canada should ban Huawei from 5G networks, says former spy chief
  Canada should ban China's Huawei Technologies Co Ltd from supplying equipment to Canadian 5G networks because the security risk is too great, a former spy chief said in an article published on Monday.
  
• TomTom to sell Telematics unit to Bridgestone for $1.03 billion
  TomTom, the Dutch navigation and digital maps company, said on Tuesday it has agreed to sell its Telematics, or the fleet management business, to Japan's Bridgestone for 910 million euros ($1.03 billion).
  
• China says U.S., Canada abused extradition agreement over Huawei executive Meng
  China said on Tuesday that the United States and Canada had abused their extradition agreement in the case of arrested Huawei executive Meng Wanzhou, after Canada's ambassador to the United States said it would proceed with formal extradition.