The Chinese owned shirt video sharing app TikTok is alleged to have violated the consumer laws of the European Union and has also allegedly failed to protect children from hidden advertising and inappropriate content, according to complaints filed by EU consumer groups with the regulator of the...

After the British lender HSBC announcing the sale of its mass market retail banking business in the United States, it reiterated the importance of the market as being hey to its growth plans even though it has for long struggled to make a strong profit in the market because of intense competition...

There is growing pressure on auto companies in the biggest car market of the world - China, over how these companies deal with information from vehicles and this has prompted foreign auto companies like BMW, Daimler and Ford to set up facilities in China for storing data generated by their cars...

Its production targets were increased by the European airplane maker Airbus on Thursday, reflecting signals of a global recovery and strengthening its position prior to a meeting with its suppliers about how to share investments that will be needed to take the aviation sector out of its pandemic...

While a Dutch court ruled that more needs to be done by the oil major Royal Dutch Shell to accelerate the reduction in greenhouse gas emissions, top two oil companies of the United States were rebuked by shareholders for delaying efforts to address climate change.   "Today was a stark...

US fintech start-up Acorns has announced that it will go public via a merger with a specialist target mergers and acquisitions (SPAC) company. Acorns has already reached an agreement with SPAC Pioneer Merger Corp. for $2.2 billion. The deal is expected to close in the second half of the year, after...

Washington Attorney General Karl Racine has announced the filing of an antitrust lawsuit against Amazon Corporation. He said the company's policies were driving up prices for consumers, CNBC reported. The grounds for the lawsuit were price agreements, which, according to the plaintiffs, prevent the...

UK retailer Marks & Spencer (M&S) reported its fiscal year 2020/21, which ended in early April. It posted a loss of £201.2m ($285.1m) for the period, compared with a profit of £27.4m a year earlier. Revenue for the year as a whole fell 11.9% to £9.2 billion ($13 billion), with revenue from the...

The world’s largest retailer Amazon is facing a court case filed by Washington DC over charges that the company regularly misuses its powerful market position in the retailing industry.   Consumers in the United States have to face higher prices because of the control of amazon on about 70...