According to the results of 2019, the German BMW Group again reached a record level of sales of 2.52 million cars, which is 1.2% higher than the previous year, the company said. This is the ninth consecutive year that the company has shown record sales. “The company has been confirming its position...

A new report by a research firm has claimed that there are “multiple” security vulnerabilities in the popular Chinese video sharing app TikTok which has gained huge popularity in many market such as the United States and India.    It would be possible for hackers to gain access and...

Shortly after the former boss of Nissan Carlos Ghosn, who had fled Japan jumping bail over charges of financial misconduct, made scathing criticism of the Japanese legal system, Justice Minister Masako Mori said on Thursday that the accusations made by Ghosn about the legal system of Japan are...

South Korean automaker Hyundai Motor and the United States based ride hailing firm Uber has decided to join resources to jointly develop electric air taxis, the companies said in a statement. This is another partnership between companies in the auto sector to leverage their position in the race for...

US Uber, an American taxi and food delivery service, closed a deal to buy Middle Eastern rival Careem Networks for $ 3.1 bln. Careem Networks has become a 100% division of Uber, while maintaining its brand. The business will be headed by Mudassir Sheikha, Careem Networks co-founder and...

The environment court of Chile has passed a verdict on SQM’s excess water use in Atacama Desert which might cost the company its expansion plans. The second biggest lithium producer in the world, SQM reported about its regrets on “a ruling by a Chilean environmental court” whereby the company...

BlackRock directly interacting with companies on climate risk is a “positive sign”. BlackRock Inc faces building up pressure and weighs on making its “interactions with portfolio companies” stricter given the effect it has on its climate related records. The largest asset manager in the world has...

A continued drop in the sale of cars and sliding profits had already forced Japan’s Nissan Motor Co to chalk out a strategy for cost savings. According to a recent report by the news agency Reuters quoting source information, the company has now asked its managers all across the board to cut down...

Chinese Internet company Alibaba has become Asia's largest capitalization company. Now it ranks seventh in the world in terms of value, according to Nikkei Asian Review. As of December 20, the company's capitalization increased by 60% compared to the end of last year - up to $ 570 billion. Among...