Deutsche Bank, currently implementing a strategy to stage on a turnaround missed analysts forecast for loss for the last quarter with a reported loss of 3.15 billion euros ($3.5 billion). The quarterly performance also highlights the challenges that the lender faces in the path to the turnaround....

Global auto maker Volvo is set to recall more than 500,000 of its vehicles throughout the world due to a risk of firer in the engines of the vehicles. The recall will include about 70,000 vehicles in the United Kingdom alone.   Explaining the fault that has compelled the auto maker to recall...

The Swiss-lender UBS reported the highest net profit in the second quarter since 2010 at $1.4 billion. That was much higher that the net profit of 1.28 billion Swiss francs ($1.29 billion) that the company reported in the same period a year ago. This increase in net profits was clocked by the bank...

South Korea's auto giant Hyundai Motor Co will bring in an expanded line-up of sport-utility vehicles (SUV) to rejuvenate its business prospects in the United States even as the company reported a second quarter profit that was highest quarter on quarter growth in over seven years.   The...

A record fine worth $650 million for settlement of charges of a massive data breach of users’ personal information against it back in 2017 brought in the United States federal and state agencies will be paid by credit reporting company Equifax Inc to get itself absolved of the investigations and...

United States based tech giant Microsoft reached a record market value of more than $1 trillion for the first time in its history after the company forecast steady growth in revenues from its cloud computing business.   The company easily surpassed Wall Street expectations in profits and...

The estimated disruption of the grounded Boeing 737 Max planes globally has forced the United States based plane maker to take an after-tax charge of $4.9 billion in the second quarter. All 737 Max planes of the company –one of its fastest selling ones, ground were grounded all across the world...

The European Union has given the green signal to the $22 billion acquisition of Liberty Global’s cable networks in Germany and central Europe by Vodafone. This now removes most of the roadblocks for the British company to complete the acquisition that would make it the largest mobile, broadband and...

Streaming giant Netflix missed analysts estimates for paid streaming subscribers for the second quarter sending its shares down by as much as 11 per cent.   The company able to add just 2.83 million international paid streaming subscribers globally in the second quarter compared to the...

A local supplier in South Korea that makes a critical chemical in the chip manufacturing process has been asked by South Korea's Samsung Electronics and SK Hynix to ramp up production so that the companies are able to create a safeguard for any possible production disruptions because of an export...

Following an investigation over alleged acts of misleading customers by the Australian Competition and Consumer Commission (ACCC), Vodafone Australia – the latest telecom company operating in the country had admitted to the charges of misleading customers over direct billing services the company...