Switzerland's Glencore has accepted an offer from partners in the world's largest Colombian coal mine, Cerrejon, to buy out their stake in the venture. Thus, the company will own 100% of the shares. Glencore, BHP and Anglo American owned the rights to develop the Cerrejon open pit mine in equal...

A claim that the social media company Facebook refused a request by a publisher to negotiate a licensing deal is being looked into by Australia's competition watchdog.   This is the first occasion that the implementation of the toughest online content law in the world will be put to the...

Charges that Johnson & Johnson had fuelled an opioid epidemic in New York state and in two of its largest counties would be settled by the company for an amount of $263, the company said on Saturday.   With this out of court settlement, the company will be able to remove itself from a...

Diesel powered cars would be banned by 20203 while petrol cars would be phased out completely by 20356 in the Brussels region, announced the regional government on Friday. It said that this was aimed to meet the carbon neutrality target of the European Union by 2050.   Vehicles running on...

The cloud computing business of Amazon - Amazon Web Services (AWS) has acquired the encrypted messaging platform Wickr as the company ventures into the encrypted messaging business segment.   Wickr has primarily engaged in providing services to government and military groups and enterprises...

Following the footsteps of the Chinese home appliance company Hisense, three other Chinese firms have struck partnerships for sponsoring the Euro 2020 this year. Hisense was the first Chinese sponsor for the UEFA European soccer championship in 2016.   The Chinese companies sponsoring this...

With the Japanese conglomerate Panasonic Corp seeking to reduce its dependence on the United State based electric car maker Tesla, the Japanese firm sold its stake in the US car maker for about 400 billion yen ($3.61 billion) in the year ended March, according to a spokesperson of the Japanese...

Doximity, known as the contact network for healthcare professionals, pumped its market value in its first trading day on the stock exchange. The company raised about $500mln during its IPO and closed with a market capitalisation of $9.4bn. Doximity, the U.S.-based company that has developed an app...

Visa has announced the purchase of Swedish fintech platform Tink. The deal will be valued at €1.8bn. Visa is buying the startup at a price significantly higher than its valuation in its last round of funding in December 2020, when it was valued at €680 million. Visa intends to retain the Tink...