SHANGHAI (Reuters) - China electric vehicle maker Nio has struck a deal with larger rival BYD to source batteries for an EV brand priced at a lower range that aims to compete with Tesla, three sources with direct knowledge of the matter said. The agreement marks a win for BYD, which has been looking to expand its revenue beyond EV...

(Reuters) - Apple ( AAPL ) is developing its own chip to run artificial intelligence software in data centers, the Wall Street Journal reported on Monday, citing people familiar with the matter. Apple ( AAPL ), which has been falling behind its competitors on AI, has been evading questions about its plans for the technology. We continue to feel very...

BERLIN (Reuters) - UBS Group on Tuesday reported a profit of $1.76 billion attributable to shareholders in the first quarter, more than double the expected profit of $602 million forecast by analysts in a company-provided poll. ...

ZURICH, May 7 (Reuters) - UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival Credit Suisse. The net income attributable to shareholders for Switzerland's largest bank was better than a company-provided consensus estimate of $602 million and compares with a profit of $1 billion in the same period a year...