Following estimate beating performance for the second quarter, Goldman Sachs Group Inc expects to make large profits for the whole year because of a record backlog of deals which will happen during the rest of the current year.   According to Refinitiv data, despite slowing activity among...

Billionaire entrepreneur and co-founder of United States based electric car maker Tesla, Elon Musk, said in court that if he wasn’t the chief executive of Tesla, the company would "die", even though he insisted that the control of the electric car maker is essentially controlled by the company’s...

Japan’s investment form SoftBank Group Corp returned back as an investor in Walmart Inc owned Indian online retailer Flipkart as the company announced on Monday of a successful funding round in which it raised $3.6 billion following which the Indian retailer will get a market value of $37.6...

A rally in global financial markets and the public listing of some of the holdings of Singapore’s state investor Temasek Holdings helped the firm to likely propel its portfolio value to touch a record in the year ending March.   In the year ending March, the value of Temasek's assets is...

A total of fourteen Chinese companies and other entities were added to its economic blacklist by the Biden administration on Friday over allegations that they were involved in alleged human rights abuses and high-tech surveillance of in Xinjiang province of China.   The companies had been...

The independent oversight board at the social media company Facebook said that the company had "misplaced" its guidance on an important exemption to the rules on its platform on dangerous individuals and organizations for a period of three years.   An original removal by Facebook of an...

The demand for its jeans, tops, and jackets saw rebound that was faster than expected over all of its market which prompted Levi Strauss & Co to forecast a strong full-year profit. The announcement was made after the company comfortably beat estimates for quarterly earnings for its latest...

The stock price of London's largest ever tech listing, that of the financial technology company Wise, ended the first day of trading at a 10 per cent rise and according to analysts, the success of this listing could also encourage other companies seeking to go public without the help of...

After a bailout by the government to rescue the company from the hit it faced because of the Covid-19 pandemic, the German airline Lufthansa made use of a corporate bond sale on Wednesday to raise as much as 1 billion euros ($1.2 billion), the company said.   The Covid-19 pandemic induced...

Strong chip prices and high demand because of a pandemic-led consumer appetite for electronics, in addition to recovering investment in data centres helped South Korea’s Samsung Electronics Co Ltd to likely propel a 38 per cent growth in its profits for the April-June quarter.   According to...

Smartphone app stores in China have been ordered not to offer Didi Global Inc's apps following findings by China's cyberspace regulator that users' personal data had been illegally gathered by the ride-hailing giant, the regulator has said.   Didi had been told to bring in changes in the...