The California-based search engine giant Google and the Washington-based software firm Microsoft have daggers drawn at each other as the two companies are facing increasing pressure from lawmakers and regulators in relation to the extraordinary power that the two technology firms wield over...

While the company is under pressure from Chinese authorities as a regulatory driven overhaul of the business of the company is underway, the Chief Executive Officer of the Chinese technology giant Ant Group - Simon Hu, tendered his resignation unexpectedly.  This is first high profile exit of...

The United States based iPhone maker Apple Inc has confirmed that it would soon begin manufacturing of 5G-enabled iPhone model – the iPhone 12, in India and the retail packages of the company’s smrtphones would soon have the ‘Made in India’ title on them.   The iPhone 12 was launched by the...

Provided that kits shareholders were supportive of its strategy to ramp up its climate change policies, HSBC will stop financing all coal projects by 2040, the bank has said.   This move was made by the British bank following sustained pressure on it by a coalition of investment firms and...

Despite the collapse in the demand for oil in 2020 because of the Covid-19 pandemic, earnings of almost $4 billion was made by the trading unit of British Petroleum which is almost equal to the record trading profit it had made in 2019m reported news agency Reuters citing information and data from...

The German luxury car maker BMW has managed to stage recover from the shutdowns and a significant hit to its sales last year because of the Covid-19 pandemic during the first half of last year and is now on track to regain profitability for 2021, the car maker said on Thursday.   The company...

The first ever strike by workers of the largest online retailer of the world Amazon.com is being called out by the company’s employees in Italy.     Workers of the United States based online giant in Italy were holding talks with the management of the company over working conditions...

As a part of its new policy of promoting greater inclusivity, the word “normal” will be dropped from all of its beauty and personal care products by the maker of the Dove soap brand Unilever. The company will also stop digitally altering body shapes and skin colour of the models that the company...

The value of the shares of Tesla has dropped by a third of what it was at its record high in January which also marks the third time that there has been a dramatic correction in the price of the stocks of the United States based electric car maker in about a year.   In recent weeks,...

The Japanese car maker Toyota Motor Corp is making large investments in startups through its first venture capital fund and the car maker hopes that it will be able to refine its everyday processes by implementing sharper supply-chain management and robotics to the manufacturing process of the...

Ford's Mustang Mach-E is apparently eating into the market for electric car maker Tesla in its home market of the United States in the electric car segment.   In February, the market share of Tesla in the EV segment in the US dropped from 81 per cent a year ago to 69 per cent, according to...