Category: Articles

US electric car manufacturer Tesla plans to raise $1.5bn (£1.15bn) to fund production of its new Model 3 car.Tesla will raise the money by selling bonds to professional investors, despite the company having $3bn in cash.The company says it has 518,000 orders for its

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A Scottish comic book company has been bought by streaming giant Netflix.Millarworld, founded by Mark Millar from Coatbridge, includes his portfolio of characters and stories such as Kick-Ass, Kingsman, and Old Man Logan.Mr Millar said he was still

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About three million households are set to benefit from a tightening of the price cap on pre-payment energy meters, according to regulator Ofgem.The regulator says the move will cut the average bill for pre-payment customers by up to £19 a year.The change, which takes

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Bitcoin’s value has jumped to a record high, following a month of turmoil.The virtual currency reached $3,451.86 (£2,651) per coin in Monday trade, according to the Coindesk Bitcoin Price Index.It had never crossed the $3,000 mark until the weekend. The market

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Tesco will stop the sale of 5p carrier bags across the UK in three weeks’ time, and will instead offer 10p “bags for life” to shoppers.Tesco sells about 700 million single-use carrier bags a year, the highest among the major supermarkets, but sales

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French car firm Renault has agreed to step up production in Iran, at a refurbished factory which eventually will produce 300,000 cars each year.The deal is a joint venture with the Iranian government and a private firm called Parto Negin Naseh, although Renault will

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