Bloomberg The US sanctioned Venezuelan President Nicolas Maduro’s son in an escalation of Trump administration efforts to punish the socialist regime for corruption and authoritarian practices. Nicolas Maduro Guerra, 29, is a constituent assembly member and was appointed the head of the newly formed Corps of Inspectors of the Presidency in 2014, shortly after Maduro took power. In a statement ...

Bloomberg Apple Inc will manufacture its new Mac Pro computer in China, moving production of what had been its only major device assembled in the US, according to a person familiar with the company’s plans. The company will use Quanta Computer to make the $6,000 desktop computer and is ramping up production at a factory near Shanghai, according to the ...

Bloomberg Tesla Inc said an isolated battery fault caused a Model S to catch fire in a Shanghai parking lot two months ago, as the US electric-car maker tries to ease safety concerns in its second-largest market. A joint investigation with experts and executives from China and the US found no “systematic defect” with the car, Tesla said in a ...