The first ever earnings report delivered by the tech company Pinterest since its listing in the stock exchange in the United States delivered a blow to the tech market which had kicked off the year on bullish note. The stock price of the company had increased significantly in the last one month...

The much expected software update for the 737 Max aircrafts has been completed by Boeing, the company announced on Thursday. The entire aviation industry had been expecting this upgrade following the grounding of all of the 737Max aircrafts throughout the world after two deadly crashes involving...

American telecom companies have now been banned from using telecom equipment form foreign companies that could be a threat to national security after the signing of an executive order by United States President Donald Trump even as the trade war between the US and China is escalating with new...

After the anti competition regulators in the United Kingdom turned down an attempt for the combination of British supermarket arm Walmart, the world's biggest retailer – Asda, with rival Sainsbury's, last month, the US retailer now plans to take the British subsidiary public into the stock market,...

The slowing down of the Chinese economy was offset by the Chinese tech and e-commerce giant Alibaba Group Holding Ltd in terms of sales and earnings driven by an overhauling of its shopping recommendations.   In the three months ended in March, the company revenues reported was 1.8% more...

The phones of users of online messaging app WhatsaApp were exposed to targeted spyware which could be installed on phones through voice calls because of cyber security breach, admitted the company on Monday. Both the iPhone and Android devices are affected by this breach. It is being alleged that...

A record 1.25 billion euros ($1.40 billion) would be paid to the 1.25 billion euros ($1.40 billion) by the French luxury goods group Kering for the settlement of a case that is related to the fashion brand Gucci of the company.   According to analysts, the cash reserves available with Kering...

India’s Reliance industries has agreed to take over the British high street icon Hamleys, which is the oldest toy retailer of the world and which is currently owned by the Chinese.   The 250-year-old toy chain is currently owned by Hong Kong-listed C Banner International Holdings Ltd and an...

The German government is likely to be sued by the European aircraft manufacturer Airbus over the decision of the German government to put a freeze on exports of arms to the Kingdom of Saudi Arabia. According to reports quoting sources, this decision would impair Airbus from completing a border...

Kraft Heinz Co., which is being investigated by the United States Securities and Exchange Commission in relation to its procurement activities, would be restating its annual financial results for the financial years 2016 and 2017, as well as for the nine months of 2018 because of misreporting of...

Citing allegations of conducting their business in an illegal manner in Australia which is resulting in financial damage to the local taxi industry workers and operators, a class action lawsuit has been filed in the country against the United States based ride hailing company Uber Technologies....