The "Shops" feature of Facebook Inc is being expanded for the company’s messaging app WhatsApp in a number of countries and for Facebook Marketplace in the United States, the social media giant has announced recently as a part of its efforts to bring in changes to its commerce tools.   The...

The British bank HSBC will be selling its French retail bank to Cerberus-backed My Money Group. The deal would result in a loss of about $2.3 billion for the British lender but will also bring an end to its lengthy effort of disposing this European business unit as it is now more focused on the...

There has been a worryingly slow start in China for Volkswagen AG's ID series which is at the core of the electric vehicle ambitions of eh German company.   Launched almost two months ago, the sales of two ID.4 electric SUV models for the month of May was only at two 1,213 combined and...

Following the end of its current work from home policy in December this year, the Finnish telecommunication giant Nokia would allow its employees to choose to work from home or remotely to up to three days a week as the company steps up increased support for flexible working hours starting January...

Even though BP is reducing its output for fossil fuels as a part of its strategy to shift to low-carbon energy, the Chief Executive of the company Bernard Looney still believes that the oil and gas major will continue to produce hydrocarbons for decades to come and will also benefit from increase...

The legal effort of the European Union in Brussels to force the Anglo-Swedish drug maker AstraZeneca to supply the bloc with 120m doses of Covid-19 vaccines by the end of June has been lost by the bloc.   Following the delay by the company to ship the vital vaccines after the company had...

Social media platform Facebook plans to use artificial intelligence to help control conversations on its platforms form going out of control. The company is currently trying out the use of AI for spotting online fights in its many groups which will allow the group administrators to get things to...

United States based auto major General Motors Co plans to increase its spending globally on electric and autonomous vehicles through 2025. The company will spend 30 per cent more on these compared to what it had forecast most recently which will be about $35 billion, said reports quoting sources...

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...