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Ford’s COO Says It Wants To Second World’s Largest Electric Vehicle Maker In Two Years

Ford Motor Co intends to become the second biggest electric car maker of the world within the next two years, the American auto giant said.   A top official of the company said that this is aimed to be achieved using a manufacturing capacity of more than 600,000 electric vehicles at its...

Didi’s Decision To Delist From NYSE Prompts A 20% Plunge In Its US Listed Stocks

Didi Global, the Chinese ride-hailing behemoth, announced its intentions to withdraw from the New York Stock Exchange and pursue a Hong Kong listing, just five months after its debut. This marks a remarkable turnaround in the strategy of the company which has arguably bowed down to pressures from...

EU Fines HSBC, Credit Suisse, Other Lenders Fined By EU On Charges Of Running A 'Sterling Lads' Forex Cartel

Barclays, Credit Suisse, HSBC, and NatWest were slapped fines totalling 344 million euros ($390 million) by antitrust officials of the European Union on Thursday over charges of manipulating the foreign exchange spot trading market.   UBS narrowly managed to avoid a 94 million euro penalty...

EU Court Adviser Says Consumer Groups Could Sue Facebook

In a German online gaming case that might pave the way for similar action throughout the EU, an advisor to Europe's highest court suggested on Thursday that Facebook could be sued by consumer organisations for privacy infringement.   The complaint dates back to 2012, and it is one of...

A Potential £17m Over Data Privacy To Be Slapped On Australian Facial Recognition Company

Australian firm that claims to possess a database that includes over 10 billion face pictures is likely to face a £17 million fine for the handling of personal information across the UK.   The Information Commissioner's Office of the United Kingdom said it was concerned regarding Clearview...

With Twitter Burden Off His Shoulder, Jack Dorsey Can Now Focus On His Passion For Bitcoin

The business was "ready to move on from its founders" said Twitter's co-founder and CEO, Jack Dorsey, as he resigned as the head of the company.   Now that he does not have the burden of heading one of the most popular social media companies of the world, Dorsey presumably will have more...

Costly Flaw Of Paint On Airbus Planes Expands Beyond The Gulf

There is a disagreement with Airbus as well as Qatar Airways over paint and imperfections on the surface of A350 aircrafts extends over the Gulf as well, with at most five other airlines expressing concerns since the model's high-tech was launched, according to documents obtained by Reuters as well...

Nissan Announces Electrification Program Worth $18 Bln To Compete With Rivals

Nissan Motor Co announced it will invest 2 . trillion yen ($17.59 billion) over the next five years in order to speed up the process of electrifying vehicles to keep pace with rivals within one of the fastest-growing areas for automakers.   It's the first time that Japan's No.3 automaker,...

Appeal To Cancel Reliance-Future Deal Approval Made To India Antitrust Body By Amazon

Amazon has approached India's antitrust regulator to cancel its approval of Future Retail's $3.4 billion deal to sell its retail assets to Reliance and Reliance, saying that they were "illegally obtained", violating an order that suspended the deal as a letter obtained by Reuters documents.  ...

Snam To Clear Path For Hydrogen Highway To Italy, Takes Stake In Algerian Gas Pipelines

Italy's Snam has agreed to purchase an stake in pipelines that transport Algerian gas to Italy in an effort to open the way for the import of hydrogen from Africa to Europe.   Europe's largest infrastructure group for gas announced that it would pay energy giant Eni $385 million ($436...

Amazon Buildings Scene Of Protests On Black Friday

Protests are planned in Amazon locations across Europe, the UK, US, and Europe during Black Friday.   The day for sales and shopping is among the busiest days on Amazon all year long.   An international alliance of equality, unions and environmental organizations called "Make Amazon...

Boeing Negates New Concerns About Its 737 Max Planes

It's been described as "the most scrutinised transport aircraft in history" however, many critics think the Boeing 737 Max is still not completely safe.   It was allowed to fly passengers once more by US regulators in the year 2000 after it was grounded due to two tragic accident.  ...
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