Accenture's Thursday quarterly sales projection, which fell short of Wall Street expectations, fueled worries about declining IT investment and caused its shares to drop more than 5%.   Julie Sweet, the CEO, echoed comments made by Cognizant Technology Solutions earlier this month when she...

Elon Musk, the CEO of Tesla, claimed that India's Prime Minister Narendra Modi was pressuring the automaker to make a "significant investment" in the nation, and that an announcement of this like was shortly to come.   After meeting Modi on Tuesday during the Indian president's state visit...

PayPal announced on Tuesday that investment firm KKR has agreed to buy a sizeable amount of its buy now, pay later (BNPL) loans in Europe, up to 40 billion euros ($43.71 billion).   Even though BNPL is still widely used by millennials and Gen Z customers following the pandemic-driven...

As part of its push for expansion in Europe, Intel will invest more than 30 billion euros ($33 billion) in the development of two chip-making facilities in Magdeburg. Chancellor Olaf Scholz welcomed the agreement on Monday as the largest foreign investment Germany has ever received.  ...

According to the CEO of the South Korean automaker, Hyundai Motor, the company would think about making its vehicles more easily compatible with the charging standard that Tesla is promoting in North America.   About 60% of U.S. fast chargers are Tesla Superchargers, and Ford and General...

The $69 billion acquisition by Microsoft of gaming behemoth Activision ATVI.O is expected to result in two court battles with US antitrust officials in the coming weeks.   The purchase deal has a termination date of July 18, but such dates can be extended and sometimes are, so Microsoft has...

On Friday, Chinese President Xi Jinping spoke with Bill Gates about the worldwide expansion of artificial intelligence and expressed his support for American companies like Microsoft bringing their AI technology to China, according to two persons familiar with the conversation.   During...

In negotiations to sell itself for over $6 billion, English football club Manchester United is considering providing exclusivity to the consortium led by Qatar's Sheikh Jassim bin Hamad al-Thani, sources familiar with the situation said.   Although a transaction is still doubtful, the...

According to the chief executive of the Indian e-bike rental startup Yulu, which is attempting to go public, the company intends to become operationally profitable by September and has plans to increase its presence both in India and beyond.   Over the next 15 months, the firm, which is...

Sweden's H&M announced second-quarter sales that were steady in local currency on Thursday, slightly underperforming expectations as exceptionally chilly weather restrained demand.   After H&M warned already in late March that cold weather in many important regions was reducing...

As it doubles down on the region amid increasing international scrutiny over its data security, China's ByteDance, the owner of the short video app TikTok, announced on Thursday that it would invest billions of dollars in Southeast Asia over the coming years.   Southeast Asia, which has a...