One of the major impediments for the widespread use of electric cars is the absence of charging stations in many countries where there is a demand for such vehicles such as in Europe.   In order to solve this problem, the United States based electric vehicle maker Tesla has struck a...

Tencent, the largest gaming company by revenue, reported better than analysts' forecasts for the first quarter of 2021. The Chinese IT corporation's net profit rose 65 percent year-on-year to 47.77 billion yuan ($7.42 billion). Analysts polled by Refinitiv expected this figure to be around 35.5...

Germany's corporate sector crisis is far from over and one of Europe's key economies could face a spike in a string of bankruptcies in the next few months, according to a study by insurance firm Coface. Using a special predictive model, Coface analysts estimated that around 4,000 non-viable...

WarnerMedia's anticipated merger with Discovery would create a new $150bn streaming giant. The new company would be public, with AT&T and Discovery shareholders owning its shares. The world's largest media and telecommunications holding company AT&T may on Monday, May 17, announce a deal to...

The largest cryptocurrency exchange, Coinbase, has reported financial results for the first time since its April listing. The company reported first-quarter net income of more than $771 million, more than four times the fourth-quarter 2020 figure of $177 million and more than 24 times the...

The Department of Justice and the US Internal Revenue Service (IRS) have launched an investigation into one of the largest cryptocurrency exchanges, Binance. The investigation into the cryptocurrency trading platform was reported by Bloomberg, citing sources familiar with its details. According to...

Japan's SoftBank Group reported its fiscal year 2020, which ended at the end of March. Its net profit for the period was 5.1 trillion yen ($46.9 billion), a record annual net profit for a Japanese company. A year earlier, the SoftBank Group reported a loss of 962 billion yen ($8.8 billion). The...

According to a recently published report in Bloomberg News, trading with a derivative tied to bitcoin prices for Wall Street investors will be allowed from now on by Goldman Sachs Group Inc.   The report said the trading with non-deliverable forwards that eventually pay out in cash has been...

Investors in Japanese auto companies will be looking out for trading cues given by the companies about their assessment of the future impact of the global chip shortage that has forced major auto companies around the world to curb production even as the analysts expect the biggest auto makers of...