Prosecutors in Munich said that the former CEO of German payment service provider Wirecard has been put under arrest in an accounting scandal that has sent ripples throughout the global financial industry in recent times.   Markus Braun had resigned from his position in the company last...

Consumers are still constantly stocking up on food items at home and reports suggest that the variety of grocery stocks on store shelves is not what it was before the pandemic hit the world.   While one of the reasons is the faster than usual sale of such products, it is also because of...

Following the completion of the planned launch of its shares through an initial public offering (IPO) later this year, Japan’s Toshiba also plans to unwind its 40 per cent stake in Kioxia Holdings in a phased manner, said reports quoting sources with knowledge of the matter.   The...

The novel coronavirus pandemic has sent a large number of pharma companies to rush to find a vaccine for the virus. However one distinct name seems to be missing from this list of major drug makers of the world in the race to test and develop experimental immunizations against Cvoid-19, the disease...

The global slump in demand for cars which existed for the last few years and which was accentuated by the novel coronavirus pandemic has pushed the French car maker Renault to take on major steps to reduce costs and a change in its leadership.   Luca de Meo, the incoming chief executive of...

In order to address racial issues at its office, Alphabet's Google has announced implementation of a new hiring goal and security policy in the wake of the protests all over the United States over police brutality against African Americans that have also ignited debates and discussions about racial...

Despite a dispute between the Saudi Arabian authorities and the Amazon chief executive Jeff Bezos, the largest e-commerce platform of the world launched dedicated website for the shoppers of the country reflecting the intent of the company to do business in the kingdom irrespective of the personal...

Customers of Oracle Corp in the hospitality, retail and transportation sectors were forced postpone purchases because of the novel coronavirus pandemic which resulted in the company to report lower than expected revenues for the latest completed quarter. The performance forced the company shares...

A very positive note about the demand for new vehicles in the United States despite the raging novel coronavirus pandemic by the top executive of the US auto giant General Motors Co on Monday. The company also expressed its confidence of selling electric vehicles at a profit – particularly in the...

The prohibitions that were imposed on companies of the United States in doing business with Huawei Technologies of China will be amended by the Trump administration so that the American companies can work together with the Chinese company to set standards for the development of next-generation 5G...

The virtual video conference meeting service provider Zoom Video Communications that shot to fame during the novel ocornavirus pandemic as millions hooked on to its services during the lockdowns and work from home orders all across the world, is facing political hurdles in the many countries now...