Anglo American on Wednesday turned down BHP Group's desperate plea for an extension to review its $49 billion acquisition bid, calling it too complicated and probably signalling the end of the larger rival's five-week chase.   Anglo had rejected a third acquisition bid, which it deemed too...

Data from a research organisation associated with the Chinese government shows that Apple's smartphone sales in China increased 52% in April compared to the same month last year, continuing a recent upward trend.   The increase comes after the American tech giant underperformed in the...

The commercial subsidiary of Alibaba said on Monday that football player David Beckham will serve as a brand ambassador for AliExpress, the company's worldwide e-commerce platform, in the largest global relationship to date.   The agreement is made against the backdrop of the fast worldwide...

The $56 billion compensation proposal for Tesla CEO Elon Musk, if approved, would be the highest pay package for a CEO in corporate America, according to a statement made on Saturday by proxy consulting company Glass Lewis.   The "excessive size" of the compensation package, the dilutive...

Saudi Arabia is preparing to sell billions of dollars' worth of shares in the energy giant Aramco as early as June in what would be one of the largest stock sales in the area, according to a Reuters report based on information from two persons familiar with the situation.   One of the...

Lobbying organisations that speak for airlines, lodging facilities, and stores have asked European Union tech authorities to make sure that Google considers their opinions as well as those of big middlemen when making modifications to conform with historic tech regulations.   Concerns over...

Due to concerns with heat and power consumption, Nvidia has not yet approved Samsung Electronics' most recent high bandwidth memory (HBM) chips for use in the American company's AI processors, according to three persons briefed on the matter.   According to them, the issues impact both the...

The $31 billion market valuation of HubSpot, a U.S. provider of marketing software, might enable Google parent Alphabet to more effectively compete with Microsoft in the business cloud application market.   According to Reuters last month, Google was considering making a deal for HubSpot....

International Business Machines (IBM) said on Tuesday that it will assist Saudi Arabia in training an artificial intelligence system in Arabic and that it will make a family of AI models available as open-source software.   When it comes to monetizing AI, the Armonk, New York-based business...

After the chipmaker Nvidia releases its earnings on Wednesday, traders are pricing in a significant rise for Nvidia's shares, although U.S. options markets indicate that expectations for volatility are lower than in the past.   Options research company Trade Alert indicates that...

Retailing giant Target said on Monday that it will be cutting prices on at least 5,000 commonly purchased items, ranging from milk to diapers, as it aims to draw in shoppers on a tight budget.   Retailers have been forced to decrease prices in order to attract more customers to their...