In what is the latest clamp-down on the risks involving virtual money, Switzerland’s financial watchdog is investigating around a dozen other possible fraud cases after the agency closed down what it said was the provider of a fake cryptocurrency.   A few days ago, Chinese authorities had...

Alliance 2022, the group's new six-year plan was announced on Friday by Carlos Ghosn chairman and chief executive of the Renault-Nissan-Mitsubishi Alliance.   While a robo-vehicle ride-hailing service is also in the works, 40 vehicles with varying levels of autonomy are planned to be...

Described in the words of Apple Inc. Chief Executive Tim Cook called as “the biggest leap forward since the original iPhone”, the much-anticipated iPhone X with a glass and stainless steel device with an edge-to-edge display was rolled out by the iPhone maker.    Since the leaks about...

The diesel engine has a "great future" ahead even though the current discussion regarding diesel cars is unjustified, says the chief executive of German automaker Volkswagen.   "The diesels we are offering today are clean. They comply with the Worldwide Harmonised Light Vehicle Test...

Oil giant Saudi Aramco must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO) when it discloses its financials for the first time next year.   Saudi Crown Prince Mohammed bin Salman wants to raise...

Deciding to go head-to-head with Tesla Inc’s Model 3 and hoping to blunt criticism of limited driving ranges undermining EVs’ mass-market appeal, Nissan Motor Co Ltd launched a revamped Leaf electric vehicle (EV) on Wednesday.   By packing new technologies to make up for a shorter driving...

After the U.S. firm - Western Digital Corp, sued to keep their chip joint venture from being sold to rival bidders, the company’s CEO apologized to his counterpart at Toshiba Corp for strained ties, according to an Aug. 11 letter.   As it scrambles to cover liabilities at its bankrupt U.S....

As the number one social media network – Facebook, vies with Alphabet Inc’s YouTube for advertising revenue, it launched its Watch video service to U.S. users on Thursday with plans to allow people to submit shows.   In recent years, there has been a shift among viewers who have migrated to...

In a push by the world’s biggest listed tobacco company to help cigarette alternatives go mainstream, British American Tobacco has reorganized its regional management structure to integrate its vaping products with its core business.   While the BAT portfolio that includes Lucky Strike...

In an effort to cut spending and boost profits under its new chief executive, General Electric Co is making plans to significantly reduce corporate staff. The media reported quoting sources that were familiar with the situation that the company already has halted hiring in certain technology...

Ford Motor Co is working with multiple partners to put its autonomous vehicles on the road nd the company is considering deploying self-driving vehicle technology in larger commercial vehicles, reported Reuters quoting, a senior Ford executive on Tuesday.   ”We’ve been talking with different...