Three of its business units will be divested by the Swiss engineering company ABB which together generates an average of $1.75 billion in sales annually which is equivalent to about 6 per cent of its total global annual revenues, the company said on Thursday.   Days prior to the first...

The first major European bank that has paid the full dividend for last year despite the upheaval to economics and businesses cause by the novel coronavirus pandemic was UBS. On Thursday, shareholders of the lender   approved payment of dividend of the second half of its 2019.   A...

The American retailer Target Corp’s quick delivery services attracted a large number of customers who purchased everything from electronics to home goods during the Cvoid-19 pandemic which helped the company to easily surge past the expectations of analysts for same-store sales for the latest...

The peer to peer home rental startup Airbnb Inc had turned up a profit in the third quarter despite the pandemic hit to the travel and tourism industry, showed data from the company’s initial public offering (IPO) registration.   Its IPO is amongst the most anticipated stock market debuts in...

With the aim of identifying and addressing the delivery and distribution challenges for its ultra-cold storage requirements, a pilot delivery program for its experimental Covid-19 vaccine has been launched by the United States based drug maker Pfizer Inc in four US states.   The temperature...

After struggling for years to make profits amid stiff competition, a majority stake in Japanese supermarket chain Seiyu is to be sold to investment firm KKR and e-commerce company Rakuten in a deal worth more than $1 billion.   There were speculations over the possibility of the United...

The US business of Spanish lender BBVA will be acquired by PNC Financial Services Group Inc in a deal worth $11.6 billion in cash which would help the company to further strengthen its position in the United States market, PNC said on Monday.   Since the 2008 financial crisis, this will be...

Negotiations are currently on going between the ride hailing firm Uber Technologies Inc and self-driving car startup Aurora for selling of the formers’ autonomous driving unit called Uber Advanced Technologies Group (ATG), according ot reports in the media quoting sources who have knowledge of the...

A rolling review of Moderna's Covid-19 vaccine candidate has been started by authorities in Switzerland so that the regulators are able to grant a speedy approval of the vaccine if the vaccine candidate reveals good results in the clinical trials, said the country's drug regulator on Friday....

With a renewed surge in novel coronavirus infections in the United States and amidst the setting of "COVID fatigue" among the population, fast food chain McDonald's Corp will inspect all its restaurants in the country to make sure that the safety standards and protocols to prevent the spread of the...

According to a report published by the Wall Street Journal reported on Thursday about the Chinese tech giant Ant Group's record $37billion initial public offering, the decision to prevent the floating was personally taken by China's President Xi Jinping.   The public listing of the company...