Samsung Electronics Co Ltd warned investors of tough times because of increased competition for the mobile sector after it reported its worst quarterly profit growth rate in over a year partly because of slow sales of its Galaxy S9 smartphones.   Compared to a year ago, there was a 34 per...

According to a report published in the Wall Street Journal, Starbucks is entering the food and beverage market in China through a partnership with Chinese e-commerce giant Alibaba Group Holding Ltd. This move follows a slowdown in the earning in the second quarter.   The newspaper reported...

There is a possibility that the 177-year old travel company Thomas Cook could be broken up as the firm has been reportedly holding talks for selling off a part of the airline that it operates according to media reports   According to a The Times newspaper of the United Kingdom, the company...

Ukrainian plane maker Antonov will be rescued by Boeing as announced by the company. The Ukrainian plane company is known to manufacture the largest air planes in the world.    The company had earlier significantly depended on import and usage of plane parts form Russia. However, that...

Twitter Inc warned that the number of monthly active users would fall in the coming days because the company would be deleting fake accounts. The company also announced that this number had been lower than what analysts expected for the second quarter. This resulted in the share so the company...

Mercedes-Benz is ramping up its battery production with an eye on the future.  In this effort the company is set to create two more battery production factories in Germany. The two cites that have been selected are locations in Singelfingen and Untertürkheim where the newest facilities would...

Following reports published in the media that the US based electric car maker Tesla had asked some of its US suppliers to return money back to the company because it was experiencing a cash crunch, shares of the company fell by7 5 per percent.   The report was published ion the Wall Street...

Facebook announced on Tuesday that it would set up a “innovation hub” in China through a subsidiary that it has already created in the country which would be geared to provide support local start-ups and developers. This is an attempt by the largest social media platform in the world to increase...

Wages for 10 per cent of the global workforce or about 7000 employees of Nike would be raised by the company.   An internal memo by the company made this announcement.   The company wants to "support a culture in which employees feel included and empowered", said company spokeswoman...

A big tent is the solution that has helped Tesla to achieve its announced weekly target of manufacturing 5,000 Model 3 electric car.   It has been reported that the target was met on July 1 when the company rolled out its 5001th Model 3 from the production line in California in seven days....

A big bottom line of Google parent Alphabet which comfortably beat market estimates saw its shares surging after the company reported good second quarter results.   The company reported adjusted earnings per share at $11.75 compared to market expectations of $9.59 while it reported revenues...