The initial public offering of the second largest maker of packaged coffee JDE Peet was reportedly all lapped up within just three days. Analysts said that this tremendous enthusiasm among investors was because of a dearth of opportunities of IPOs because of the economic impact of the novel...

A recommendation for the approval of the two-dose experimental vaccine for Ebola in the European Union from Johnson & Johnson was made by a panel of the European health regulator on Friday.   An application for approval for the vaccine was submitted with the European Medicines Agency...

In a major strategy rehash, the French auto giant Renault announced a total planned job cut of about 15,000 in addition to reduction in production and restructuring of its French plants, as the company acknowledged that it had previously set global ambitions that were unrealistic. Analysts see this...

There was a surge in the business of Costco in the early weeks of the pandemic with consumers rushing to stick up essentials in bulk in anticipation of lockdowns.   However there was a drop in sales of the retailer in the month of April because of the stay-at-home orders and social...

Germany’s premier and world largest auto maker Volkswagen AG is set to make an investment of 2.1 billion euros in two Chinese electric vehicle players as the company attempt to boost up its presence in the electric car market of China – the largest in the world.   This move by Volkswagen...

A fundraising round of over $500 million has just been successfully completed by China's ride hailing company Didi Chuxing. This round was led by SoftBank Group's Vision Fund 2 and is aimed for funding the autonomous driving subsidiary of Didi, the Chinese firm said on Friday.    This...

With the aim of manufacturing up to 1 billion doses of its Covid-19 vaccine candidate next year, the United States based Novavax Inc is set to purchasing a manufacturing plant from privately held Serum Institute of India which is the largest maker of vaccines by volume in the world.   Czech...

Allegations that the tech giant Alphabet Inc’s Google is abusing its market position are being looked into by India’s antitrust body. It has been alleged that Google has been unfairly promoting its mobile payments app in the country, claimed a report by Reuters citing sources with knowledge of the...

In a settlement with the Competition Bureau of Canada, the United States based social media giant Facebook Inc. will pay $9.5 million. But eh tech giant will not admit to any wrongdoing to the charges and allegations of breach of privacy claims the company made in connection to the Cambridge...

The last time that Renault SA, Nissan Motor Co and Mitsubishi Motors Corp had announced their combined strategy plan, for their Alliance in September 2017, the auto makers had set their targets at becoming the global leader in the industry by 2022.   This time however when the companies...

33 more Chinese companies and entities will be added by the United States to the so called blacklist of the Department of Commerce over allegations that those firms and institutions were engaged in aiding the Chinese government to spy on the Uighur population of China or were involved in any way to...