BLOOMBERG General Motors (GM) Co said in a lawsuit that San Francisco unfairly taxed it $108 million over seven years, despite the automaker having very low sales and almost no personnel in the city. The company said that San Francisco used the presence of its Cruise self-driving unit to tie its tax bill to a portion of GM’s global revenue, ...

BLOOMBERG The billionaire co-founder of Xiaomi Corp Lei Jun unveiled the company’s first electric vehicle (EV), declaring ambitions to become a top global carmaker in 15 to 20 years and compete against Tesla Inc and Porsche AG. Lei spent hours detailing the SU7’s features, which include a range of up to 800 kilometres (500 miles) on a single charge, adjustable ...

RAS AL KHAIMAH / WAM Ras Al Khaimah welcomed the New Year with yet another record-breaking eight-minute-long firework and drone display setting two new Guinness World Records titles in a stunning spectacle that lit up the skies along 4.5 km stretch of Ras Al Khaimah’s waterfront. Already holding several Guinness World Records titles for its legendary fireworks New Year’s Eve ...