Tesla Shanghai to make 300,000 cars Jan-Sept despite chip shortage

Tesla Inc's (TSLA.O) Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of the July-September quarter, despite a global semiconductor shortage, two sources said.

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Credit Suisse board backs CEO, chairman tells SonntagsBlick

Credit Suisse's (CSGN.S) board of directors is convinced Chief Executive Thomas Gottstein is the right person to strategically realign the bank by curbing risk appetite, the Swiss bank's chairman said in a newspaper interview published on Sunday.

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Cryptocurrency exchange Huobi to clean up existing mainland clients by end-2021

Chinese cryptocurrency exchange Huobi Global said on Sunday it had stopped taking new mainland customers from Friday and would end contracts with mainland clients by the end of the year to comply with local regulations.

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U.S. opens probe into 30 million vehicles over air bag inflators

U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, a government document seen by Reuters on Sunday showed.

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U.S. trade official called India's Mastercard ban 'draconian'-emails

A senior U.S. trade official privately criticised India's July decision to ban Mastercard Inc (MA.N) from issuing new cards, calling it a "draconian" move that caused "panic", according to U.S. government emails seen by Reuters.

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Evergrande begins repaying wealth product investors with property

Cash-strapped developer China Evergrande Group (3333.HK) has begun repaying investors in its wealth management products with real estate, a unit of its main Hengda Real Estate Group Co Ltd unit said.

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Kansas City Southern plans to accept Canadian Pacific's $27 bln bid

Kansas City Southern (KSU.N) said on Sunday it planned to accept Canadian Pacific Railway Ltd's (CP.TO) $27.2 billion cash-and-stock acquisition offer as superior to its $29.6 billion deal to sell itself to Canadian National Railway Ltd (CNR.TO).

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UK employers, stung by new levies, call for overhaul of tax system

British businesses demanded that finance minister Rishi Sunak stop raising their taxes and instead offer more help to meet the challenges of Brexit, COVID-19 and climate change when he makes major budget statements next month.

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China plans to break up Ant's Alipay and force creation of separate loans app - FT

Beijing wants to break up Alipay, the hugely popular payments app owned by Jack Ma's Ant Group, and create a separate app for the company's highly profitable loans business, the Financial Times reported on Sunday.

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Researchers, cybersecurity agency urge action by Microsoft cloud database users

Researchers who discovered a massive flaw in the main databases stored in Microsoft Corp's (MSFT.O) Azure cloud platform on Saturday urged all users to change their digital access keys, not just the 3,300 it notified this week.

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