With restrictions imposed because of the Covid-19 pandemic being eased in many markets and with continued strength in online demand for its products, the fashion brand H&M reported a jump in sales in the period between March to May compared to a year earlier even though the revenue of the...

Within a global shortage of chips, the South Korean auto giant Hyundai Motor Group is talking with domestic chip companies for reducing its reliance on foreign supplies of chips, said reports quoting sources with knowledge of the matter. The chip shortage globally has forced many auto makers to...

The United States based private equity firm Blackstone Group Inc. is close to striking an agreement for the acquisition of the office developer Soho China Ltd., said reports quoting sources familiar with the matter, in what would make the deal, if successful, the biggest real estate investment by...

Chinese authorities have granted permission to start its business in the country as Beijing starts to open up its $3.5 trillion industry. That makes BlackRock the first global asset management company to start business in China as a wholly-owned onshore mutual fund company.   Approval to...

"This car crushes," said Elon Musk, CEO of the United States based electric car maker Tesla Inc as it launched a version of its Model S at an event organized at Tesla's US factory in Fremont, California.   Through this launch, the company aims to tackle competition from rivals such as...

United States based electric car maker Tesla Inc launched a version of its Model S, which will be a high performance vehicle, as the company aims to tackle competition from rivals such as Porsche, Mercedes-Benz and Lucid Motors in the luxury electric vehicle market and to potentially reignite...

There was a 29 per cent surge in the sale of China made cars from the United States based electric car maker Tesla Inc in May as the company sold 33,463 electric cars made in China in the month, showed data from the China Passenger Car Association (CPCA) on Tuesday.   CPCA said that on a...

Negotiations between the iPhone maker Apple Inc and the Chinese firms CATL and BYD over the supply of batteries for the planned electric vehicle of the American company is currently undergoing and is in the early stages, claimed a report published by the News agency Reuters citing sources with...

According to recent reports, the Indian e-commerce firm Flipkart, which is owned by the United States based retailer Walmart Inc, is currently negotiating with potential investors to raise at least $3 billion.   The reports highlighted that the potential investors that are being targeted...

Alphabet's Google has reached an unprecedented settlement with France's antitrust watchdog as the company agreed to bring in changes to a part of its widely-used online advertising services globally.   The French antitrust authority had slapped a fine of €220 million ($267.48 million) to the...

China’s Huawei Technologies started to roll out its newly made and proprietary operating system called the Harmony operating system (HarmonyOS) for smartphones starting Wednesday. This is a part of the efforts of the embattled company to recover from the hit to its smartphone business because of...