It is likely that a reduced antitrust fine for the German car makers BMW and Volkswagen will be settled for by the European Union over use of clean air technology. According to reports quoting sources familiar with the matter, this likelihood surfaced following the EU narrowing down the scope of an...

The designation of the Chinese firm China's Xiaomi Corp of being a Communist Chinese Military Company (CCMC) as was imposed by the United States administration, was removed by a US court, the company said on Wednesday while also lifting all the restrictions imposed on the company including buying...

After a federal government investigation in the United States raised questions about the initial findings of a fatal crash involving a Tesla self driving car in Spring, Texas, last month, the US based electric car maker is seemingly still pushing ahead with a broader roll out of its autonomous...

Pfizer Inc has launched a new study involving adults over 65 years of age who have been vaccinated with its Coivid-19 vaccine that makes use of the company's 20-valent pneumococcal conjugate vaccine (20vPnC) candidate with a third dose of the Pfizer-BioNTech vaccine shot. This was announced by the...

The Chief Executive of HSBC, Noel Quinn, said that the lender does not have any plans of launching any crypto currency trading desk or offering customers the digital coins as an investment because the bank believes that such digital currencies are too volatile and do not have transparency.  ...

While a mass vaccination drive was launched by the Japanese government to catch up with other countries and to ensure a "safe and secure" Olympics Games, the significant dangers of holding the Games in Tokyo were highlighted by the Japanese tycoon Masayoshi Son.   Bewilderment and concern...

The race to offer fuel-cell trucks in Europe has been heated up by South Korea's Hyundai Motor and test the viability of hydrogen-powered heavy goods transportation modes by setting up plans to ship a new series of fuel-cell trucks to the continent later this year.   Mark Freymueller, CEO of...

Electrification was described as the new lynchpin of the new partnership between Japan’s Nissan Motor Co and French car maker Renault SA, said the Japanese automaker's chief operating officer (COO) Ashwani Gupta. `   Nissan will standardise and share electric-vehicle components with Renault,...

The Japanese cat making majors Nissan Motor Co and Suzuki Motor Corp are being forced to temporarily halt production at some of their factories because of the global chip shortage, said reports quoting sources with direct knowledge of the plans.   Multiple sources were quoted in the reports...

According to recent reports quoting sources with knowledge of the matter, a bid to buy Liberty Steel in Britain as well as mills elsewhere is being considered by JSW Steel, the largest steel producer of India.   Reports suggested that the expansion plans of JSW also includes Adhunik steel...

The Covid-19 pandemic severely hit the clothing sale last year of Britain's Marks & Spencer resulting in the brand to report a 90 per cent drop in its profits for the full year of 2020.   A pretax profit before one-off items of 43 million pounds ($61 million) for its year to April 3 is...