After acknowledging that there is an increasing impetus towards climate change, one of the world’s largest coal companies announced that due to its environmental stances, it would ultimately opt out a major industry group.   The cropping up of differences in climate change and energy...

In just a dozen years, the French company Wonderbox has become the European market leader by providing customers a new way of consuming in their spare time. Since then, the gift box concept has been widely duplicated but seldom matched by newcomers, if at all. By the way, the job does not only require marketing skills. Gift box designing is a job that would no longer exist without a sense of financial and operational discipline. Fabrice Lepine, the CEO of Wonderbox, relates how his company remains at the top.

Reports of a secret unit within Uber have emerged that was used by the company to poach trade secrets of rivals and carry out surveillance on them, with the help of self-destructing message to fool the government regulators.   It was earlier this year that the allegations were made in a 37...

The decision was taken in Germany and impact felt in the U.S. defense manufacturing sector.   Two of the largest manufacturers of weapons in the U.S. have got into tough competition with each other after Germany’s military announced plans to purchase 45 to 60 new heavy-lift helicopters for...

The downstream expansion strategy of Saudi Aramco is planned to be put at par with Big Oil as the largest Saudi oil company hopes to regain lost market share following the end of the oil supply cut led by OPEC, said its chief executive, reported Reuters.   Talks with a number of possible...

Facebook is looking to bring in some major changes in its tax structures and its advertisement generation strategies.   While the social media platform is planning to relocate its base for global tax and revenue away from Ireland, it is also exploring avenues of booking advertising...

PepsiCo Inc has been attempting to reduce transportation and fuel costs as well as emissions from its fleet of transportation. For this purpose, the software and chips maker has placed an order of 100 new electric Semi trucks with Tesla Inc which is the largest order till date for the auto maker...

A block chain platform that would be able to address the impeding trade data standards that the European Union wants to bring in next year is being tested by multiple financial companies are is being led by Swiss bank UBS.   Essentially a shared and incontrovertible database that is...

A Philippines bank had been put to use for channeling about $81 million of stolen money that was taken away by hackers from the Bangladeshi central bank’s account lying with the Federal Reserve Bank of New York about two years ago. and the Bangladesh government wants to “wipe out” the Philippines...

Shares of Tiger Global, Accel, Kalaari Capital and IDG Ventures, and employees in the Indian e-retailer Flipkart is being sought to be bought over by Japanese telecom and internet conglomerate SoftBank for $85-89 a share. The total valuation for the deal has been pegged at $9-10 billion, according...

The Cenntro Automotive Corporation METRO compact utility vehicle (CUV) will be soon brought to the U.S. market. as Troops Technologies managed to secure investments of $1.2 million, aimed at developing the dealer network for the company’s electric low-speed vehicle (E-LSV).   This...