Airbus had been expecting to expand sale of its wide-body aircraft in the U.S. and that ambition was given a jolt after an order for forty-seven 787 Dreamliners of Boeing were placed by American Airlines Group which would be used for long-range flying and this will also expand the fleet of the...

London is soon to have another shared ride hailing service called ViaVan. This is a joint venture Via and Mercedes-Benz Vans.   The new ride sharing services can be accessed through an app which can be used by passengers to call for a shared ride. The app would match the user seamlessly with...

The online music streaming company Spotify has been valued at $26 billion as the shares of the company started trading in the New York exchange.   No new shares have been issued by the company but those that had been held by the private investors of the company have been put up for sale...

The online music streaming company Spotify has been valued at $26 billion as the shares of the company started trading in the New York exchange.   No new shares have been issued by the company but those that had been held by the private investors of the company have been put up for sale...

The US. Based largest e-retailer of the world – Amazon.com has made its largest ever UK TV sponsorship deal though a headline sponsor of Channel 4 program The Great Britain Bake Off. The e-retailer seeks to benefit from the popularity of the program.   The show is now amongst the most valued...

In what is being equated with one of the largest data breaches in history, private information of about 150 million users of MyFitnessPal diet and fitness app were compromised in February, said Under Armour Inc said on Thursday. The news led to a fall of 3 per cent in the market share of the...

The charges against Barclays Plc of irregularities in the marketing of residential mortgage-backed securities in the U.S. between 2005 and 2007 – being investigated in the US., would be settled against a payment of $2 billion in civil penalties.   The investigations and the rare lawsuit was...

A controlling stake in the loss making national carrier of India- Air India had earlier been announced to be sold off by the Indian government.   This sale – which would see about 76 per cent of the stake in the airline being put up for sale, would be amongst the most high-profile asset...

Amazon has managed to sing up the first trader in France for its grocery business as the U.S. online retailing giant took another step in the grocery market in the country. Casino’s upmarket Monoprix chain will now sell its grocery products on Amazon.    The two companies together may...

The German government said that stricter regulations would be faced by the U.S. social media giant Facebook, announced the German Justice Minister Katarina Barley following a meeting with the representative of the largest social media company in the world.   Barley said that Facebook has...

Continuous declining sale of its arms has forced Remington Outdoor – the oldest gun manufacturer in the United States to file for bankruptcy.   With thee intention to come to a settlement with its creditors, the company set up more than 200 years ago had to file for protection from...