Bloomberg The world’s first all-electric vertical takeoff passenger jet could start operations from boutique hubs across Florida in coming years. German startup Lilium GmbH has struck a deal to build a network of at least 10 so-called vertiports with Spanish infrastructure giant Ferrovial SE, the companies said. Ferrovial owns 25% of London’s Heathrow Airport and manages three other terminals in ...

Bloomberg ByteDance Ltd. is said to be exploring a sale of the India operations of TikTok to rival unicorn Glance, in an attempt to resuscitate the once-thriving short video sharing app that’s been banned indefinitely in the South Asian nation. The discussions have been initiated by Japan’s SoftBank group conglomerate. SoftBank is a backer of Glance’s parent InMobi as well ...

Bloomberg Porsche AG is increasing spending to bolster the digital products and services supplementing its luxury sports cars to lure more tech-savvy customers, particularly in China. The German manufacturer now invests 900 million euros ($1.1 billion) a year on digitisation compared with 800 million euros previously, Chief Financial Officer Lutz Meschke said. The Stuttgart-based company also puts about 150 million ...