Toshiba Corp shareholders rejected opposing proposals on Thursday, one proposed by management and the other backed by dissident shareholders, casting doubt on the company's future course.   Both management's intention to spin off Toshiba's devices segment and a second request for buyout...

Chinese tech giant Tencent posted its worst quarterly revenue increase in history for the fourth quarter of 2021 on Wednesday, as the Chinese digital behemoth continues to suffer the effects of Beijing's regulatory tightening on the domestic tech sector. The company, on the other hand, had a...

Sports apparel maker Nike Inc has announced that it has managed to resolve the manufacturing challenges that had hampered the company’s sales in recent months which has allowed the company to capitalise on rising demand for sports shoes and gear.   In extended trading, shares of the world's...

Volkswagen is forming joint ventures with Huayou Cobalt and Tsingshan Group to ensure nickel and cobalt supply for electric vehicles in China, the world's largest automobile market, and to save costs at a time when raw material prices are rising.   The plan is part of a 30-billion-euro...

Securities settlement company Euroclear announced on Monday that it would be partnering with a group of banks to create a new payment system for tokenized assets, in what is being seen as the latest sign of well-established and traditional companies and institutions are choosing...

German car maker Volkswagen has decided to joined an organisation that sets environmental and social criteria in mining. This move is a part of the strategy of the second-largest automaker of the world to ramp up efforts to ensure that its raw materials, particularly in electric...

Following pressure from activists who claimed they would abandon a resolution set to be placed for the bank's next shareholder meeting, British bank HSBC strengthened its climate targets and promised greater transparency about its progress on the issue.   HSBC announced that it...

A law suit against the directors of Shell was being prepared by environmental lawyers ClientEarth, the organization has said. The legal action is being brought in over the climate transition plan of the company. This would also be the first law suit of its kind if it materializes.   The...

Oil giant Chevron Corp. is getting ready to take over complete control of the operations of its joint ventures Venezuela in the event of the United States relaxing its sanctions on Venezuela so that there is increase in supply of oil into the US to make up for the ban on imp[ort of Russian oil and...

Deutsche Bank, which has been chastised by some investors and lawmakers for its continued links to Russia, announced on Friday that it will be winding down its operations in the nation. This is a u-turn for the bank which had announced a few days ago that it would continue to offer some of its...

Volkswagen AG, Europe's largest automaker Volkswagen announced a surge in its profits for 2021 but also issued a caution that Russia's invasion of Ukraine and its impact on the company’s supply chains might have an unanticipated impact on the business of the company this year.   As Russia's...