Siemens Mobility and Deutsche Bahn have started developing hydrogen-powered fuel cell trains and a filling station which will be trialled in 2024 with view to replace diesel engines on German local rail networks.

It sounds like science fiction: giant solar power stations floating in space that beam down enormous amounts of energy to Earth. And for a long time, the concept - first developed by the Russian scientist, Konstantin Tsiolkovsky, in the 1920s - was mainly an inspiration for writers.

China is cashing in on fears that the West's faltering economic recovery will keep interest rates near record lows for a long time.

The region is grappling with a second wave of infections and a subsequent new round of lockdowns and social restrictions.

U.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support.

New cars and vans powered wholly by petrol and diesel will not be sold in the UK from 2030, prime minister Boris Johnson has said.

Tesla will be added to the S&P 500 index on Dec. 21. Based on its market value Monday, the electric car maker would be one of the top 10 companies in the benchmark index upon entry.

Ford Motor has reversed course and is now considering making its own battery cells as sales volumes of electric vehicles rise around the world, the automaker's top executive said on Friday.

The Trump administration on Thursday unveiled an executive order prohibiting U.S. investments in Chinese firms that Washington says are owned or controlled by the Chinese military, ramping up pressure on Beijing after the U.S. election.

"We're recovering, but to a different economy," Powell said during a virtual panel discussion at the European Central Bank's Forum on Central Banking.

U.S. consumer prices were unchanged in October, the lowest reading in five months, suggesting that a price spike over the summer is beginning to fade as coronavirus cases spread.

China's draft anti-monopoly rules will likely hit the country's major internet companies, which were already fighting off rivals that were taking away chunks of their market share, Morgan Stanley said in a report.

Singapore on Thursday announced a new work visa for foreign executives of technology firms, a sector the low-tax global business hub hopes will power future economic growth.

The German automaker wants to 'redefine the scooter segment'

IBM CEO Arvind Krishna noted in a letter to President-elect Joe Biden that 70% of the tech talent in the U.S. works for the private sector, and the government needs to secure strategic access to that brain power.

It's been a long time since General Motors has been a hot stock for investors. Electric vehicles could turn it into one.

The vaccine is more than 90% effective, and will not be widely available until next year, but stocks surged on the view that earnings for a broad group of companies will be revised higher.

Shares in Japan hit a near 30-year high on Monday, the first day of trading following news that Joe Biden had won the US presidential election. The Nikkei 225 closed up 2.1% at a level not seen since 1991.

As the country awaits the outcome of the US presidential election, Corporate America is watching closely, especially Silicon Valley.

NIO is hitting new all-time highs as it doubled deliveries in October vs. a year earlier.

Sales of electric, plug-in hybrid and hydrogen-powered vehicles in China, the world's biggest auto market, are forecast to rise to 20% of overall new car sales by 2025 from just 5% now, the State Council said on Monday.

A group of business leaders and public policy experts is launching a new body to grapple with thorny questions surrounding the future of transportation including self-driving and electric vehicles.

On Saturday, the China's official manufacturing PMI fell slightly to 51.4 in October from 51.5 in September, but continued to show strong activity

China needs to step up the recycling and repurposing of batteries for electric vehicles in order to ease supply strains and curb pollution and carbon emissions, environmental group Greenpeace said on Friday.

There's much to celebrate about Thursday's GDP report, which showed the US economy grew at a record annualized rate of 33.1% during the third quarter.

Asia Pacific is set to recover from its worst recession in living memory, the International Monetary Fund (IMF) says.

While California-based Tesla captured popular attention for electric cars, national policy in Beijing encouraged the launch of several rivals in China, the world's largest auto market.

Tesla just reported third-quarter results including net income (GAAP) of $331 million on revenue of $8.77 billion.

Bank tellers are out and robotics engineers are in, according to a new report that says the coronavirus recession is accelerating technological changes that could displace 85 million jobs within the next five years.

China passed a law restricting exports of controlled items, allowing the government to act against countries that abuse export controls in a way that harm's China's interests, state media said.

China's economy is picking up as the country continues to dig its way out of the turmoil caused by the coronavirus pandemic.

LG Chem, the world's top electric vehicle (EV) battery maker, is in talks with a "couple" of automakers to create joint ventures to produce automotive batteries, Chief Executive Officer Hak Cheol Shin told Reuters on Friday.

China said on Thursday the United States was abusing the concept of national security to oppress foreign companies, following reports that Washington may blacklist Chinese financial technology firm Ant Group.

Nokia has created an automated system that uses a thermal camera and real-time video analytics to determine if a person has COVID-19 symptoms and is wearing a mask, part of efforts to protect employees as they return to work.

Apple's decision to remove the charger and headphones from iPhone 12 boxes has generally been well received by environmentalists.

A strong comeback in 2021 is needed to help the global economy heal from the coronavirus pandemic. But the International Monetary Fund is downgrading its forecasts for next year, and warning of a long, slow recovery that will stoke poverty and damage growth.

In some parts of the world, solar power is now the cheapest source of electricity in history, thanks to policies encouraging renewable energy growth. That's according to a new report released today by the International Energy Agency (IEA).

Singapore's economy contracted 7.0 per cent year on year in the third quarter, but grew 7.9 per cent on a quarterly, seasonally adjusted basis

The company has said it wants to deliver 500,000 cars in 2020

Chinese technology giants have seen their businesses thrive during the coronavirus pandemic in areas from health care to cloud computing.