Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Beto O'Rourke's campaign for the 2020 election raised just $3.6 million in the second quarter of this year, putting him in the lower tier of candidates who have struggled to...2020 Electionsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
Shanghai will officially welcome its first "seven-star" hotel on Saturday, located smack dab on the famed waterfront known as The Bund, news site Shanghaiist.com reported this week.
Built by 28-year-old Wang Sicong, better known as the son of Chinese real estate billionaire Wang Jianlin, the 3.4 billion yuan ($516 million) Wanda Reign on the Bund hotel was designed by award winning British architect, Norman Robert Foster.
While Wang the younger has long been in the public eye, it wasn't necessarily for any previous signs of business acumen.
The junior Wang and his dog became social media celebrities for engaging in extravagant antics of the type commonly associated with China's second-generation rich kids, known as fuerdai. Wang blew 2.5 million yuan in a night out at a Beijing KTV earlier this year.
In May of last year, the junior Wang went viral, managing to outrage Chinese social media users by posting photos to his dog's Weibo account after he strapped two gold Apple watches to the pet's legs.
To be fair, junior Wang is also the chairman of private investment firm Prometheus Capital.
The hotel, which officially opens on Saturday, featured opulent installations and a French fine-dining restaurant by Michelin chef Marc Meneau.
Global hotel rating systems, including China's official ranking, stop at five stars, but hospitality marketers and commentators have been sticking extra stars on luxury properties they think outdo prevailing standards.
Dubai's Burj al Arab hotel, among the world's tallest hotels, has also garnered the seven-star status. Its features include revolving beds and a fleet of chauffeur-driven Rolls Royces and it reportedly charges as much as $20,000 a night.
To read the full Shanghaiist.com story, click here.
Follow CNBC International on and Facebook.