Business

Baidu sees advertising revenue in Q2 shrink 8%

US Treasury Treasury in China-Based Search Engine Baidu Inc. BIDU, -1.22% fell more than 6% in the extended session Thursday after the company reported a adjusted profit above Wall Street expectations and sales that met forecasts, but said its online advertising sales fell 8% year-on-year. Baidu said it earned RMB3.6 …

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US confiscates Iranian fuel from four tankers, officials say

The Trump administration has successfully seized Iranian fuel from four tankers sailing to Venezuela, and increased its “maximum pressure campaign” against Tehran, a senior U.S. official confirmed to Fox News on Thursday night. Iran and Venezuela have sought to limit sanctions imposed by the US on both countries by forming …

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Hyperion launches futuristic hydrogen-powered car

Carroll Shelby, who designed the classic Shelby Mustang in the 1960s, once said, “I’ve always been asked, ‘What’s my favorite car?’ ” For futuristic motorists, “the next” is here. Hyperion, California, unveiled its XP-1 hydrogen supercar at a digital unveiling on Wednesday, bringing the future one round closer with its …

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