Despite the collapse in the demand for oil in 2020 because of the Covid-19 pandemic, earnings of almost $4 billion was made by the trading unit of British Petroleum which is almost equal to the record trading profit it had made in 2019m reported news agency Reuters citing information and data from...

The German luxury car maker BMW has managed to stage recover from the shutdowns and a significant hit to its sales last year because of the Covid-19 pandemic during the first half of last year and is now on track to regain profitability for 2021, the car maker said on Thursday.   The company...

The first ever strike by workers of the largest online retailer of the world Amazon.com is being called out by the company’s employees in Italy.     Workers of the United States based online giant in Italy were holding talks with the management of the company over working conditions...

As a part of its new policy of promoting greater inclusivity, the word “normal” will be dropped from all of its beauty and personal care products by the maker of the Dove soap brand Unilever. The company will also stop digitally altering body shapes and skin colour of the models that the company...

The value of the shares of Tesla has dropped by a third of what it was at its record high in January which also marks the third time that there has been a dramatic correction in the price of the stocks of the United States based electric car maker in about a year.   In recent weeks,...

The Japanese car maker Toyota Motor Corp is making large investments in startups through its first venture capital fund and the car maker hopes that it will be able to refine its everyday processes by implementing sharper supply-chain management and robotics to the manufacturing process of the...

Ford's Mustang Mach-E is apparently eating into the market for electric car maker Tesla in its home market of the United States in the electric car segment.   In February, the market share of Tesla in the EV segment in the US dropped from 81 per cent a year ago to 69 per cent, according to...

The apparel retailer Gap Inc expects demand and sales of products under its Athleta brand to double within the next two years, and along with the roll out of Covid-19 vaccines will bring in more customers to its stores which prompted the company to forecast a return to sales growth this year....

United States based auto giant General Motors Co is considering plans to setting up of its second battery making unit in the US in partnership with South Korea’s LG Chem Ltd, the auto maker said.   It is "exploring the feasibility of constructing a second, state of the art battery cell...

The focus of Exxon Mobil Corp is now on cutting down on costs and preserving dividends to win back investors who have not been impressed with the strategies of the company which has been allegedly overspending for years. This strategy change has forced the company to scale down its targets and...

The first ever physical store outside of its home market of the United States was opened by the largest online retailer of the world Amazon.com Inc in the United Kingdom on Thursday.   The new state of the art cashierless store, which the company has christened as "Amazon Fresh" will be...