While this holiday season in the United States has been a record breaking one in terms of shopping and consequent shipping of products, the courier giant United Parcel Service (UPS) now also expects that the number of shipped returns will also reach a record high this year.   The company...

Nissan’s efforts and plans to stage a turnaround of its business fortune which had slumped following the arrest and ouster of its former chief Carlos Ghosn were dealt a blow after the announcement of the departure of Jun Seki, Nissan's vice chief operating officer and a former contender for chief...

The co-founder of Uber, Travis Kalanick, has ultimately decided to quit form the board of the ride hailing company. It was also announced that he would be selling all of his shares in the company. Kalanick will now focus his attention to setting up a new venture that would create “ghost kitchens”...

The Chinese app TikTok that was launched just about a year ago in the United States is being used extensively by major brands for promotions of their products for the holiday season on the platform making use of influencers on the app.   In recent months, a string push has been made to...

The exclusive rights to commercialization rights to SRP-9001, the United States based pharma biotech company Sarepta’s investigational gene therapy for Duchenne muscular dystrophy (DMD), will be bought by Basel, Switzerland-based Roche in a $1.15 billion deal. The deal will allow Roche to launch...

Following the observation of a German court that some of the business processes of the ride hailing company Uber did not respect local law, the US based firm has said that it will make the necessary changes so that it can avoid being banned from the German market.   The business process...

The sanctions by the United States on companies that are currently constructing a Russian natural gas pipeline to Germany have been criticized by Germany and the European Union.   US president Donald Trump was accused of interfering in national and bloc sovereignty by both the parties....

After a press report about foreign prisoners who were victims of forced labour, were used for packaging Christmas cards made by a Chinese factory, the British supermarket giant Tesco suspended ties with the Chinese supplier on Sunday. The matter came to light after a customer of the cards found...

An investment plan of 5 billion euro ($5.54 billion) in Italy along with assurances for job security has been given by the Italian carmaker Fiat Chrysler after its merger with the French rival PSA, said the workers’ union at Fiat following a meeting with the management of the company.   The...

The first test flight of Boeing’s Starliner spacecraft did not manage to achieve its mission – successfully reaching the International Space Station. The launch which took place from Cape Canaveral in Florida according to schedule on 20 December did make it successfully into an orbit around Earth...

Nike investors are apparently not happy with the company’s earnings even after the share price of the company touched a record high on Thursday.   After the company announced fiscal second quarter results that easily beat the market estimates, the shares of the company went down in late hour...