Sceptics from both inside and outside of the Italian energy giant EniSpA were defied when the company oil started pumping oil form the Mediterranean’s largest gas field situated approximately 200 kilometers (168 miles) off the Egyptian coast.   The Italian company had said that it would...

Following the identification Uber Technologies as a taxi company and not an IT company by the European Union’s top court, other similar online businesses in Europe are likely to be impacted. The court ruled that Uber should bee treated and regulated as any other taxi operator because it is a...

The way for Apple Inc. to bring bac home about $252.3 billion foreign cash pile has been cleared by the U.S. Republican tax overhaul that was passed by Congress this week. the IT giant will not have to face any significant tax burden by returning of the cash back to the U.S. – which was the primary...

Tesla received the largest order for its all-electric semi-trucks from package delivery company United Parcel Service Inc which announced on Tuesday that it would purchase 125 Tesla semi-trucks. The package delivery company is sin the process of augmenting its fleet off delivery vehicles that run...

After acknowledging that there is an increasing impetus towards climate change, one of the world’s largest coal companies announced that due to its environmental stances, it would ultimately opt out a major industry group.   The cropping up of differences in climate change and energy...

In just a dozen years, the French company Wonderbox has become the European market leader by providing customers a new way of consuming in their spare time. Since then, the gift box concept has been widely duplicated but seldom matched by newcomers, if at all. By the way, the job does not only require marketing skills. Gift box designing is a job that would no longer exist without a sense of financial and operational discipline. Fabrice Lepine, the CEO of Wonderbox, relates how his company remains at the top.

Reports of a secret unit within Uber have emerged that was used by the company to poach trade secrets of rivals and carry out surveillance on them, with the help of self-destructing message to fool the government regulators.   It was earlier this year that the allegations were made in a 37...

The decision was taken in Germany and impact felt in the U.S. defense manufacturing sector.   Two of the largest manufacturers of weapons in the U.S. have got into tough competition with each other after Germany’s military announced plans to purchase 45 to 60 new heavy-lift helicopters for...

The downstream expansion strategy of Saudi Aramco is planned to be put at par with Big Oil as the largest Saudi oil company hopes to regain lost market share following the end of the oil supply cut led by OPEC, said its chief executive, reported Reuters.   Talks with a number of possible...

Facebook is looking to bring in some major changes in its tax structures and its advertisement generation strategies.   While the social media platform is planning to relocate its base for global tax and revenue away from Ireland, it is also exploring avenues of booking advertising...

PepsiCo Inc has been attempting to reduce transportation and fuel costs as well as emissions from its fleet of transportation. For this purpose, the software and chips maker has placed an order of 100 new electric Semi trucks with Tesla Inc which is the largest order till date for the auto maker...