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Thomas Cook Seeks Bailout Package From The UK Government As Last-Ditch Effort

Travel firm Thomas Cook has sought the help of the United Kingdom government for a bailout package as the company is desperately trying to avoid a collapse after threats from its lenders about not supporting a proposed deal for merger with a Chinese firm, according to a report published in the...

New Portal Video Chat And TV Streaming Devices Launched By Facebook

Facebook Inc made its first navigation into TV streaming hardware as it unveiled its new models of Portal video chatting devices on Wednesday. The social media giant however offered a small selection of subscription services.   According to analysts, the latest move by the company is being...

Despite US Ban And Google Unavailability, Huawie Unveils Its Mate 30 Series Phones

Chinese tech giant Huawei has revealed its latest flagship phones of its Mate 30 series  - the Mate 30 Pro and the Mate 30, in a grand event in Munich, Germany on Thursday.   However the phones would not have the support of Google and its apps because of the ban on the Huawei by the...

Weak Investor Response Force WeWork To Delays IPO

A not so encouraging response from investors to the plans of the launching of initial public offering (IPO) of WeWork owner The We Company has forced it to postpone the plans which were slated to be initiated this month itself, according to reports.   The United States based office-sharing...

Settlement In Emission Scandal Worth Millions Reached By Volkswagen In Australia

Two very important Australian class actions filed related in relation to the global diesel emissions scandal have been settled by the Volkswagen Group (VW) and Audi.   According to reports, the payout according to the deal will be between $87 million and $127.1 million, or about $1,400 per...

US Opioid Case: Purdue Pharma Files For Bankruptcy In Its Attempt For A Settlement

Purdue Pharma, one of the companies allegedly behind the opiod crisis in the United States and one that has allegedly minted billions through sale of prescription painkiller OxyContin, has ultimately filed for bankruptcy at White Plains, New York, after thousands of cases related to the opioid...

Huawei Founder Offers Sharing Of Its 5G Tech With Western Companies For A Fee

Huawei has proposed selling off its current 5G know-how to a company in the West so that the security concerns surrounding the company among some of the Western countries and those that have been voiced by the United States president Donald Trump could be addressed. This proposal was made by the...

Hong Kong Stock exchange's $39 billion acquisition offer bluntly rejected by London Stock Exchange

The unilateral offer by the Hong Kong Stock Exchange for purchasing the London Stock Exchange (LSE) for $39 billion was rejected by the LSE on Friday and has decided to continue with its planned acquisition of data and analytics group Refinitiv.   Following the rejection, the path open to...

Walt Disney Studios To Move Cloud In Partnership With Microsoft

Some of the most important parts of its movie making and distribution process of the Walt Disney Studios will be moved to the cloud in partnership with Microsoft.   Disney’s StudioLab, and internal innovation incubation lab, will be heading this transformation that is supposed to take place...

London Stock Exchange Likely To Reject Merger Offer By Hong Kong: Reports

Amidst questions being raised about political risk and deal structure, the London Stock Exchange (LSE) is set to denounce the acquisition offer of £32bn made by the Hong Kong Stock Exchange, claimed reports quoting unnamed sources informed about the matter.   Investors at the LSE were...

Controlling Stake in Leading Japanese Fashion E-Retailer Zozo To Be Bought By Yahoo Japan For $3.7 Billion

Japan’s largest online fashion retailer Zozo Inc will be taken over by Yahoo Japan Corp in a deal worth 400 billion yen ($3.7 billion),, the later said. This move will help the online fashion retailer to make additions and innovations to its business in order to compete with the companies such as...

Its Huge Hong Kong IPO To Be Resurrected By The World’s Largest Brewer

The global brewing giant Anheuser-Busch InBev is set to revive its earlier announced and later stalled plans of launching of an initial public offering for its Asia business at the Hong Kong stock exchange. The company has resumed its application for the listing after it had stalled the process two...
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