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...

Tesla is putting in all efforts to boost up sale of its electric vehicles by adjusting prices of its cars throughout its product range as well as dropping out the standard-range variants of its Model X and Model S from its product offering. This move comes close to heels of the United States based...

Following a troubled second quarter that was marked by multiple product recalls, a host of court cases and legal expenditures and a slowing down in demand for new cars, warning of a major drop in its profits for the current year was issued by the German auto giant Daimler – the owner of...

The seven month old alliance between Ford and Volkswagen would now include autonomous and electric vehicles according to an announcement made by the companies on Friday.   Even though the forwarding of the deal itself between the two companies was nothing unexpected, what surprised many...

Apple Inc has an announced strategy of further developing its services business in China – one of the company’s most important overseas market, and has now initiated a program in its Shanghai campus to help Chinese app developers to come out with more apps.   According to the details of the...

According to an analysis from Evercore ISI, there would be an increase in the revenues generated by Apple from its services business in the third quarter – driven by revenues from app store developer and regaining of growth in China – which are both critical area for the future growth of the iPhone...

Virgin Galactic – the space-tourism company of British billionaire Richard Branson is planning to get itself listed at a stock exchange, said the company on Tuesday.    The listing, which is scheduled to take place in the second half of 2019,  would be a part of a merger deal that...

Germany’s Volkswagen Group wants to get the support of battery suppliers for its aggressive plans for mass production of electric vehicles and would be willing to develop joint ventures and make investments in battery production to gain the confidence of battery suppliers   “VW will buy 50...

A record fine of $230 million is staring at the face of the British Airways-owner IAG over the cyber theft of data from 500,000 customers which had been kept on the company website last year. The incident was judged according to the regulations of the new data-protection rules in the United Kingdom...

The British supermarket group Asda, which is currently owned by the US retailing giant Walmart, could be put up for public listing in about two or three years, said the chief of Asda.    Asda was attempted to be taken over by its rival Sainsbury’s in a proposed deal with 7.3 billion...