With the aim of expanding its operations further across Asia and North America, Fintech app Revolut has raised $66 million in a venture capital investment.   Bringing its total investments up to $83 million by raising money through a Series B venture capital, the London-based business plans...

U.K. based Imagination Technologies Group Plc, one of Apple’s graphic chip suppliers was announced to be replaced by the iPhone maker recently and the U.K. chip maker had put forward a timeline of events leading up the disclosure. However, Apple Inc has now disputed that timeline by Imagination...

In what is a deal that would be worth a total of almost $23 billion at list prices, aircraft maker Airbus announced on Wednesday that it has signed an agreement to sell 140 aircraft to China.   Airbus said that a total of 100 A320 family aircraft and 40 A350 planes would be included in the...

With soaring memory chip sales pushing it past Intel Corp as the biggest semiconductor maker by revenue for the first time. Samsung Electronics Co Ltd is expected to report its best-ever quarterly profit in the second quarter.   The chip industry has seen a super-cycle amid limited supply...

The first major traditional automaker to set a date for phasing out vehicles powered solely by the internal combustion engine is Volvo as the Chinese owned company announced that all of its car models launched after 2019 will be electric or hybrids.   While its move signals the eventual end...

The prospect of a Washington-supported sale or bailout for the nuclear firm was raised as the U.S. administration has told India that Westinghouse Electric Co will emerge from bankruptcy and be sold by the year end, sources have said.   A shadow over the nuclear industry was cast after...

Days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company, Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said.   When it started pushing for Nestle to more aggressively boost...

Following the state-owned Gulf airline – Qatar Airline's overture to buy shares in American Airlines, the chief executive of American, in a letter to the employees, said that he is not "particularly excited" about Qatar Airways' interest in buying up to 10 percent of the U.S. carrier's shares....

In a move that not many people could have predicted, an unsolicited offer from Qatar Airways about the Middle Eastern airline's intention to acquire at least a 10 percent stake in American Airlines was received recently, the airliner said on Thursday.   American said in a statement that...

In a disappointing end to a once-great European tech success story, putting itself up for sale was Imagination Technologies, the British firm that lost 70 percent of its value after being ditched by its biggest customer Apple.   It was developing its own graphics chips and would no longer...

In what is considered to be the Swiss food group's latest effort to improve the health profile of its sprawling portfolio, Nestle may sell its roughly $900 million-a-year U.S. confectionery business, which includes Butterfinger and BabyRuth, reported Reuters.   Including a possible sale, for...