Tesla faced a barrage of questions related to its continuous cash burning and about when and how it will be forced to ask its creditors and shareholders for more money. All this following the unveiling of its latest electric vehicles.   At a glitzy event in California, Tesla unveiled its new...

Volkswagen Group is attempting to completely comply with the forthcoming stringent electric vehicle rules in China and for this purpose the German car maker is planning on an investment to the tune of 10 billion euros ($11.8 billion) by 2025 for the development and manufacture of all-electric and...

Due to its inherent “sexual” and “adult” nature, the sale of a pack of Christmas cards that has a robin redbreast has been blocked by Facebook.   Last month, when she discovered the reason that the social media company had refused approval of the product, she “could not stop...

A bill of materials (BOM) of $370.25 is carried by the new iPhone X, according to His Markit whose teardown engineers made a preliminary physical dissection of Apple’s latest creation. The engineers found that the model A1865 version of the smartphone has 64 gigabytes (GB) of NAND memory.  ...

Marking an average increase of 39% in comparison to the gross merchandise volume (GMV) settled in 2016, Alibaba Group Holding Limited settled US$25.3 billion (RMB168.2 billion) of (GMV) through Alipay on November 11, 2017, the company announced. More than 90 percent of the total GMV was settled...

Duff & Phelps, the global leader in valuation services and corporate finance recently appointed Yann Magnan Head of EMEA markets, with the aim of growing the company’s business in Europe. Formerly a Partner at E&Y, Magnan joined Duff & Phelps in 2007 as founder of Paris Office. These days,...

Earlier this year, Rio Tinto abandoned a diamond project in India following which that project is being planned to be bided for by Indian resources conglomerates Adani and Vedanta for a total value of $9 billion, reported Reuters citing information from multiple sources with knowledge of the...

In what is being described as the latest changes affecting popular menu items like McNuggets, new standards for raising and slaughtering chickens served in its restaurants will now have to be followed by the suppliers of McDonald’s Corp, the company said on Friday.   The mandates failed to...

Struggling to predict when revenues will improve is Germany's flagship lender.   Amid a weak market and the ongoing turmoil of a major restructuring program, Deutsche Bank reported an almost 10 percent drop in revenue in the three months through September on Thursday, versus the year before....

Paving the way for a potential $15 billion-plus sale of the headache pill to lip balm business, Pfizer plans to kick off an auction process for its consumer healthcare business in November, according to Reuters.   Interest in bidding for the unit, which had sales of about $3.4 billion in...

Cisco’s technology was in danger of losing relevance when Chuck Robbins was promoted to CEO of Cisco in 2015.   In the same year, Diane Greene’s unit was desperate to close the gap with Amazon Web Services when Google named her as head of its cloud...