There was a sharp rise in fourth-quarter core earnings for Ericsson as reported by the Swedish telecoms equipment group. It however said that this quarter is traditionally its best season which was hit by a slowdown in its business in the United States despite it doing good in the market in recent...

The largest maker of PC and datacenter processors Intel had gained market share during the fourth-quarter as its earnings and revenues beat Wall Street’s expectations.   The CEO of the company Bob Swan also expressed confidence that the company will do well in the short term.   For...

British retailer Morrisons has announced that it will cull about 3,000 managerial jobs throughout its stores as the company implements its plan of restructuring of its business which also entails creation of more shop floor jobs.   The restructuring plan of the company also includes a plan...

 Netflix Inc. ended 2019 in a strong note as the video streaming company reported an increase in revenue as well as in its global net subscriber growth. However the company did not provide an encouraging forecast for 2020 as the company is getting increasingly concerned about the the...

A third profit warning for 2019 was issued on Wednesday by the German luxury car maker Daimler as the company struggles with the costs it is having to incur because of the diesel emission scandal that has resulted in record fines and litigation across the world, along with the huge investments that...

With an expected increase in tourists to Japan in the wake of the Tokyo Olympics later this year and to address a growing demand for sustainable seafood, eco-certified sushi will be available starting this year by Japanese supermarket chain Aeon Co Ltd – the largest retailer by sales in Asia....

In its efforts to divest its loss making business operations and turn profitable by next year, the United States based ride hailing company Uber has sold out its food delivery business Uber East in India to its local rival Zomato.   About 10 per cent of Zomato would be owned by Uber Eats as...

No companies – be it the Chinese tech giant Huawei or any other company selling 5G equipment, will be banned from participating in the 5G network development work within the European Union. This is likely to be the position of the block when it unveils its guidelines for its member states over the...

A section of Germans are not happy with Tesla’s plans of construction of a gigafactory on the outskirts of Berlin. A section of people in the German capital fear that the construction of the factory will adversely impact the water supply and the wild life in the area . This prompted some to...

As a part of its business restricting process in North America, Japanese auto major Toyota has said that it will shift of production of its Tacoma midsize pickup to Mexico from Texas. The company is also set to invest $13 billion through next year in development of manufacturing operations in the...

With the aim of pushing itself further into the Chinese market – the largest auto market of the world, German car maker Volkswagen AG is slated to strike a partnership with Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd through taking up a 20 per cent stake in the Chinese firm,...