According to persons with knowledge of the situation, Nissan and Renault will announce their restructured alliance soon and have finalised the agreement, ending 10 months of occasionally contentious negotiations.   The automakers had intended to close the deal by the end of March after...

The open-source artificial intelligence model Llama from Meta will soon be available in a commercial version, the firm announced on Tuesday. This will provide start-ups and other companies with a strong free alternative to the pricy proprietary models offered by OpenAI and Google.   In a...

China's Xiaomi, which has lagged behind South Korea's Samsung in smartphone sales, will concentrate on growing its retail sales in India after years of significant investments on e-commerce, according to the country's president.   With 600 million smartphone users, India is one of the...

According to Adobe Analytics statistics released on Wednesday, the first day of Amazon.com's two-day Prime Day shopping event saw U.S. online sales increase by over 6% to $6.4 billion from a year earlier as buyers attracted by steep discounts splurged on toys and appliances.   Since they...

According to research firms, China's Huawei Technologies is planning to enter the 5G smartphone market by the end of this year, marking a comeback after a U.S. ban on equipment sales destroyed its consumer electronics sector.   According to three independent technological research...

An Indian court dismissed PepsiCo Inc.'s appeal against a decision to revoke a patent on a potato variety bred specifically for the well-known Lay's potato chips produced by the New York-based business.   The FC5 potato variety owned by PepsiCo had intellectual property rights that were...

Threads, the Twitter competitor of Meta Platforms, attracted 100 million sign-ups in just five days of launch, according to CEO Mark Zuckerberg, ousting ChatGPT as the fastest-growing website to accomplish the feat.   Since its Wednesday launch, Threads has had record-breaking user growth as...

The European Medicines Agency is investigating Novo Nordisk's weight-loss medications after the watchdog received multiple reports of potential suicide risks, the agency announced on Monday.   According to the European Medicines Agency, two cases of suicide thoughts connected to Novo...

Mark Zuckerberg has positioned Threads, Meta's Twitter clone programme, as a "friendly" haven for online public dialogue, setting it apart from Elon Musk's more antagonistic Twitter.   "We are definitely focusing on kindness and making this a friendly place," Meta CEO Zuckerberg said on...

Mukesh Ambani's Indian company Reliance Retail, which is valued at $92-96 billion by two international consultants, may be preparing for an eventual IPO, said reports quoting information from sources with direct knowledge of the situation.    According to the source, who declined to be...

Tesla on Friday offered a new incentive to increase the sales of electric vehicles in China as it informed certain workers building battery packs at its Shanghai complex of layoffs, according to reports based on a company release and a worker who received the notification.   After signing a...