The founder and chief executive of the office renting company WeWork, Adam Neumann, will be stepping down from the post because it's in the "best interests" of the company.   The company said that this resignation would be applicable with immediate effect. He would however continue to hold...

The Saudi Arabia based oil giant Saudi Aramco is reportedly seeking debt to finance some business plans and it has already requested banks to make offers for a debt financing of a project which is believed to be worth more than $1 billion, claimed a report published by the news agency Reuters on...

Following one in every ten workers of Lloyd's of London reported that they were witness to incidents to sexual harassment, the institution has promised to change the male dominated culture at the company.   Almost 8 per cent of the employees of the institution said that they had been witness...

The proposed initial public offering (IPO) of the largest brewer of the world Anheuser-Busch InBev NV (AB InBev) was launched this month after the company had decided to postpone it in July because of “several factors, including the prevailing market conditions”.   However this time the...

According to a report published in the O Globo Newspaper, the possibilities for a joint bid for the Brazilian phone company Oi SA is being mulled by Chinese etch giant Huawei Technologies Co. and China Mobile Ltd.   Huawie is the largest telecommunications equipment making company in the...

Travel firm Thomas Cook has sought the help of the United Kingdom government for a bailout package as the company is desperately trying to avoid a collapse after threats from its lenders about not supporting a proposed deal for merger with a Chinese firm, according to a report published in the...

Facebook Inc made its first navigation into TV streaming hardware as it unveiled its new models of Portal video chatting devices on Wednesday. The social media giant however offered a small selection of subscription services.   According to analysts, the latest move by the company is being...

Chinese tech giant Huawei has revealed its latest flagship phones of its Mate 30 series  - the Mate 30 Pro and the Mate 30, in a grand event in Munich, Germany on Thursday.   However the phones would not have the support of Google and its apps because of the ban on the Huawei by the...

A not so encouraging response from investors to the plans of the launching of initial public offering (IPO) of WeWork owner The We Company has forced it to postpone the plans which were slated to be initiated this month itself, according to reports.   The United States based office-sharing...

Two very important Australian class actions filed related in relation to the global diesel emissions scandal have been settled by the Volkswagen Group (VW) and Audi.   According to reports, the payout according to the deal will be between $87 million and $127.1 million, or about $1,400 per...

Purdue Pharma, one of the companies allegedly behind the opiod crisis in the United States and one that has allegedly minted billions through sale of prescription painkiller OxyContin, has ultimately filed for bankruptcy at White Plains, New York, after thousands of cases related to the opioid...