The ban on the Chinese telecom company Huawei by the United States and a surge in demand and sale for its 5G telecom equipment helped Ericsson to comfortably beat its fourth quarter core earnings forecasts on Friday.   The better than expected performance of the Swedish company helped a...

An increase in demand globally for its electric cars propelled the United States based Tesla to report record deliverie3s o fits vehicles in the fourth quarter.   However after the company reported a lower than expected profits for the quarter, shares of the company dropped in after-hours...

The Indian government had banned the Chinese owned TikTok in the country in June last year.  The short video sharing app owned by China’s ByteDance is not reducing its staff size in the country as the company is apparently unsure about whether the government will revoke the ban on the app in...

The fees that companies of the European Union pays to Mastercard against payments from online shoppers from the United Kingdom will be increased by at least 400 per cent which would mean that the ultimate price for consumers of European companies would increase significantly.   A percentage...

The United States based Tesla is considered to be an anomaly in the buzzing world of autonomous driving. This is because the company has been trying to develop everything needed for self-driving cars are being developed in-house starting from hardware to chips and processors to artificial...

The German car manufacturer and the largest auto making company of the world by Volume – Volkswagen is discussing with its major suppliers about the possibility of making a claim for damages to it because of the shortage of semiconductors, said reports quoting a company spokesman.    A...

Despite the novel coronavirus pandemic in 2020 caused huge disruption to the global auto industry and upended supply chains of auto companies, the German car maker Volkswagen has ended the tormenting year with a profit of more than $12 billion.   Volkswagen is expecting to achieve operating...

German auto maker Audi will make luxury electric vehicles in China in a joint venture with China's oldest carmaker FAW.   Hongqi - or Red Flag – limousines that are used by the China's communist party leaders, are among the pride products of FAW, the third largest carmaker of China. In...

The ownership restructuring plans of the South Korean electronics giant Samsung Electronics could get delayed because of a court sentenced passed against the vice chairman of the company Jay Y. Lee for a jail term of two and a half years on Monday. The patriarch of the company and Lee’s father had...

The first foreign company in China to own a 100 per cent control of a payment platform in the country is Holding Inc, according to data available from the Chinese government.   This is a boost to the aim of the United States based fintech giant to make larger inroads into the booming Chinese...

With people in lockdown in the United Kingdom because of the second wave of Covid-19 pandemic ordering more deluxe range products online, "record" sales over Christmas was reported by the largest retailer of the UK – Tesco.    In the six weeks to 9 January, there was an 8.1 per cent...