In what is a partial concession by iPhone maker Apple Inc in its battle with those criticising the company’s policy of how it exerts power in its digital ecosystem, the company announced that it will reduce the commission it charges from smaller selling software through its App Store by 50 per...

For the first time in several years Warren Buffett's company has made a major stake in the pharmaceutical industry. It has invested almost $6 billion in four companies, including two developers of COVID-19 vaccines. Warren Buffett's investment company Berkshire Hathaway invested $5.7 billion in...

With two drug makers announcing very positive results based on interim data from their stage last stage trials for a Covid-19 vaccine, the hopes for the world to get a vaccine to fight the disease has been raised significantly.   Very positive results so far for their third and final phase...

Investors betting on the fall in shares of the American biotech company Moderna lost almost $ 2 billion this year. On Monday, Moderna announced that its coronavirus vaccine was nearly 95 percent effective, after which its shares rose by 15 percent. Investors who bet on the fall in shares of the...

Complaints against Apple's online tracking tool was filed with German and Spanish data protection authorities on Monday by a group led by privacy activist Max Schrems. The complaint alleged that the company does not take permission from users prior to storing users’ data on iPhones, which the group...

As a part of its plan to raise cash amid lower oil prices, the largest oil company in the world Saudi Aramco has hired a group of banks prior to its multi-tranche U.S. dollar-denominated bond issuance, the company said on Monday.   Bond issuers from the Gulf region have shown no signs of...

According to TechCrunch, Uber plans to sell its unmanned unit ATG to the start-up Aurora Innovation. In September, the media reported that conflicts have erupted within ATG and money problems have been recorded. According to TechCrunch, Uber is negotiating the sale of a subsidiary of the Advanced...

A day extension to the Chinese company ByteDance has been granted by the Trump administration for a divestiture order issued to the company by it for selling off the company’s short video sharing app TokTok by Thursday this week.   The extension was first disclosed earlier in a court filing...

Investments amounting to 2.75 billion yuan ($415.32 million) for building Mercedes-Benz-branded Actros heavy trucks for the first time in China will be same by Germany's Daimler AG and its China commercial vehicle partner Beiqi Foton Motor Co, according to reports quoting a company document....