According to two persons familiar with the situation, Uber Technologies sold its 7.8 per cent interest in Indian food delivery firm Zomato Ltd for $392 million in a block deal on local exchanges on Wednesday.   According to them, the transaction was completed at a price of 50.44 rupees per...

Electric vehicle batteries are in short supply, and elements such as nickel and cobalt are becoming increasingly expensive. Nonetheless, Ford Motor Company claims that it will be profitable to create millions of EVs per year in just four years.   This week, the Detroit carmaker provided...

Instagram has paused the deployment of new features on its app in response to online outrage from users, influencers, and celebrities. The new features included an increase in recommended video material, comparable to rival app TikTok.   People complained about the presentation and feeds...

Microsoft said an Austrian firm built malicious software that was identified on the computer systems of some of its clients in at least three countries, but the espionage tool "Subzero" was solely for official use in EU states.   Microsoft stated that the spying software, or spyware, capable...

BNP Paribas, a French bank, posted a better-than-expected profit in the second quarter as bad loan charges fell and activity remained strong in both investment and retail banking, despite volatile global markets and an economic downturn.   The net income of France's largest listed lender...

Hermes sales grew considerably in the second quarter, boosted by robust growth in Europe and the United States, as well as a solid resurgence in China in June.   Following Chinese lockdowns in April and May, the French leather goods company, which is particularly known for its silk scarves...

Some analysts warned on Friday that Apple should brace for a drop in Chinese demand as shoppers cut down on spending in anaemic conditions, following the iPhone maker's announcement that demand had risen in mid-June after COVID-19 lockdowns impeded sales.   The iPhone maker announced a 1 per...

Rio Tinto announced a 29 per cent decline in first-half profit and reduced its dividend for more than half on Wednesday, as the global mining giant was affected by lower iron ore prices owing to cooling demand from major client China, rising expenses, and labour shortages.   It is...

Amit Zeev, an Israeli businessman, claimed he has signed a preliminary agreement to bring the Dutch grocery retail chain SPAR to Israel, which would increase competition and potentially cut food prices, which have risen in recent months.   Zeev was previously the CEO of Yeinot Bitan, one of...

Orange and MasMovil have reached a contractual agreement to consolidate their businesses in Spain in a deal valued at close to $19 billion, the two telecom companies announced on Saturday.   The combination establishes a mobile and broadband heavyweight, posing a challenge to top competitor...

According to regional police of Montgomery, Alabama, the family of three minor workers, and eight former and present employees of the facility, a subsidiary of Hyundai Motor Co exploited child labour at a company that supplies parts for the Korean carmaker's assembly line in the...