Samsung Electronics Co Ltd is projected to report its biggest first-quarter profit since 2018, according to analyst forecasts, propelled by strong memory chip profits as strong demand kept prices firmer than expected.   According to a Refinitiv SmartEstimate from 13 analysts, operating...

US based electric car maker Tesla Inc reported record electric vehicle deliveries in the first quarter, generally surpassing analyst expectations, while production decreased from the previous quarter due to supply chain issues and the suspension of a China facility.   "This was an...

Long-time labour supporters were shocked and excited by Amazon workers' decision to organise its New York warehouse, and a new reality is dawning: it can be done, though it won't be easy.   The news that the nation's second-largest private employer will be getting its first-ever union...

For the first time in seven quarters, profits at the world's largest banks are likely to shrink, owing to a slowdown in mergers and acquisitions (M&A) activity and a drop in equity and debt issuance deals.   According to Refinitiv statistics, the combined net earnings of big global banks...

Blue Origin, Jeff Bezos' space tourism enterprise that offers short suborbital thrill rides to well-heeled thrill-seekers and celebrity visitors, was set to launch its fourth commercial flight on Tuesday from the company's launch site in rural west Texas.   Blue Origin's New Shepard...

A business executive told Reuters that SpaceX has stopped producing new Crew Dragon astronaut capsules, according to a report published by the news agency Reuters quoting information from an executive of the company, because the focus of Elon Musk's space transportation company is now to develop...

Spotify has announced its withdrawal from Russia, citing a new rule that threatens jail time for spreading "false news" against the country's armed forces.   The music streaming service said it had suspended its free service due to safety concerns for its employees and "perhaps even our...

Toshiba Corp shareholders rejected opposing proposals on Thursday, one proposed by management and the other backed by dissident shareholders, casting doubt on the company's future course.   Both management's intention to spin off Toshiba's devices segment and a second request for buyout...

Chinese tech giant Tencent posted its worst quarterly revenue increase in history for the fourth quarter of 2021 on Wednesday, as the Chinese digital behemoth continues to suffer the effects of Beijing's regulatory tightening on the domestic tech sector. The company, on the other hand, had a...

Sports apparel maker Nike Inc has announced that it has managed to resolve the manufacturing challenges that had hampered the company’s sales in recent months which has allowed the company to capitalise on rising demand for sports shoes and gear.   In extended trading, shares of the world's...

Volkswagen is forming joint ventures with Huayou Cobalt and Tsingshan Group to ensure nickel and cobalt supply for electric vehicles in China, the world's largest automobile market, and to save costs at a time when raw material prices are rising.   The plan is part of a 30-billion-euro...