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Japanese Investment In US Feels ‘Unwelcome’ Due To Trump’s Auto Tariff Threat, Says Toyota

The strategy of international trade war that is being followed by the administration of the United States President Donald Trump was a “major setback” for American consumers, opined Japan’s largest auto maker Toyota Motor. It also said that the moves also make the company feel that the investments...

Johnson & Johnson, Siemens, GE, Philips Being Probed By FBI In Brazilian Corruption Case: Reuters

According to claims made in a Reuters report, allegations of kickback payments related to a scheme of medical equipment sales in Brazil by corporate giants Johnson & Johnson, Siemens, General Electric and Philips is being investigated by the FBI.   The report claims, based on information...

Amazon Invests In British Food App Deliveroo, Rivals Uber Eats

Amazon is taking on Uber east globally through leading a $575 million fundraising and taking up a stake in the British online food delivery company Deliveroo as the race for gaining a dominant position in the market for takeaway meals heats up.   There were ripples through the sector over...

Pinterest Q1 Earnings Disappoints Investors, Stock S Fall 19%

The first ever earnings report delivered by the tech company Pinterest since its listing in the stock exchange in the United States delivered a blow to the tech market which had kicked off the year on bullish note. The stock price of the company had increased significantly in the last one month...

Software Update On Its 737 Max Aircrafts Is Complete, Says Boeing

The much expected software update for the 737 Max aircrafts has been completed by Boeing, the company announced on Thursday. The entire aviation industry had been expecting this upgrade following the grounding of all of the 737Max aircrafts throughout the world after two deadly crashes involving...

Trump Executive Order Blacklists Huawei

American telecom companies have now been banned from using telecom equipment form foreign companies that could be a threat to national security after the signing of an executive order by United States President Donald Trump even as the trade war between the US and China is escalating with new...

Walmart Considering Talking Is UK Arm Asda Public

After the anti competition regulators in the United Kingdom turned down an attempt for the combination of British supermarket arm Walmart, the world's biggest retailer – Asda, with rival Sainsbury's, last month, the US retailer now plans to take the British subsidiary public into the stock market,...

Alibaba Beats Slowdown In China; Beats Estimates For Sales And Earnings

The slowing down of the Chinese economy was offset by the Chinese tech and e-commerce giant Alibaba Group Holding Ltd in terms of sales and earnings driven by an overhauling of its shopping recommendations.   In the three months ended in March, the company revenues reported was 1.8% more...

Billions Of Whatsapp Using Phones Whatsapp Exposed To Malicious Spyware; Firm Suggests Upgrading

The phones of users of online messaging app WhatsaApp were exposed to targeted spyware which could be installed on phones through voice calls because of cyber security breach, admitted the company on Monday. Both the iPhone and Android devices are affected by this breach. It is being alleged that...

Record Fine In Italian Tax Settlement To Be Paid By Gucci Owner Kering

A record 1.25 billion euros ($1.40 billion) would be paid to the 1.25 billion euros ($1.40 billion) by the French luxury goods group Kering for the settlement of a case that is related to the fashion brand Gucci of the company.   According to analysts, the cash reserves available with Kering...

India’s Reliance Industries To Purchase Hamleys Toy Stores From Chinese Group

India’s Reliance industries has agreed to take over the British high street icon Hamleys, which is the oldest toy retailer of the world and which is currently owned by the Chinese.   The 250-year-old toy chain is currently owned by Hong Kong-listed C Banner International Holdings Ltd and an...

Airbus Contemplating Legal Suit Against Germany’s Arms Ban To Saudi Arabia; Reports

The German government is likely to be sued by the European aircraft manufacturer Airbus over the decision of the German government to put a freeze on exports of arms to the Kingdom of Saudi Arabia. According to reports quoting sources, this decision would impair Airbus from completing a border...
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