One of the major competitors for the loss making US ride hailing startup Uber – the Estonian ride-hailing firm Bolt, claimed that in the majority of the countries it operates in, it is starting to break even.   The CEO of the company Markus Villig said in an interview to a television channel...

The multibillion dollar advertising business of Google and Facebook is once against put under the scanner as the top antitrust regulator of the European Union is set to investigate how these two companies utilize user data.   A preliminary probe into the manner in which Google and Facebook...

The Chinese telecom equipment maker Huawei was planned to be completely banned from the financial system of the United States earlier this year as a part of the policy of the US government to prevent the company, which had been blacklisted by the US government, from doing business in the US, said a...

A switch to manufacturing of electric cars will see the German carmaker Daimler, ownwer of the global brand Mercedes-Benz, will lay off at least 10,000 jobs, the company has said, it said tat the money saved from the job cuts will help to finance its electric car production efforts.   The...

The already delayed fir certification process for Boeing’s 737 Max planes was hit another blow after the United States Federal Aviation Administration was reported to be planning to conduct individual checks and reviews of hundreds of new Boeing 737 Max planes before they are delivered to...

Multiple reports citing regulatory filings say that criminal investigations have been initiated by the United States federal prosecutors over the alleged shipping of large quantities of opiod painkiller drugs into and within the country which ultimately led to a health crisis with many deaths...

With the aim of helping its customers to make better purchase choices based on the healthiness of the food of consuming, Nestle has decided to print its food products ratings based on the nutritional value of the food, the packaged food company has said.   This new packaging strategy will...

One of the closely kept secrets of ride hailing companies Uber and Lyft is how much the companies charge from customers availing their services throughout the day.   However revelation of that internal data by Uber because of a law in Chicago, which mandates the companies to disclose fare...

A law suit has been filed against the United States Defense Department by Amazon.com Inc in a federal court in the US against the decision of defence department that was taken last month to award a contract for cloud computing for the Pentagon worth $10 billion to another US tech giant and rival...

According to an earnings statement Airbnb filed in Dublin, Ireland, and made public on Friday showed that the company managed to generate a net profit of $46.47 million in 2018 from its business activities outside of the United States and China. The same figure for the same region was a loss of...

An investment of around 4 billion euros ($4.43 billion) to be made in China is being planned by the German auto major Volkswagen Group, together with its Chinese partners. The German auto major said that the focus of the largest portion of the investment will be development of e-mobility...