Chinese authorities have demanded that the country's 13 IT corporations make changes to their financial services business, The Wall Street Journal reports. Watchdogs have deemed their services risky and in violation of the country's antitrust laws. China's central bank, along with the country's...

With increase in global oil prices boosting the trading business electricity production of the French energy group Total SE, the earnings of the company for the first quarter reached close to the levels prior to the Covid-19 pandemic.   With business areas like oil refining being hit by the...

Facebook will respond to targeted advertising limitations with new payment and e-commerce technologies across all of its apps and support for social media content creators. The creation of new payment technologies, including digital currency Deim and the Novi wallet, will form the basis for...

US aerospace corporation Boeing presented its first quarter results: the company's revenues fell by 10% year-on-year to $15.2bn. The net loss was $561 million for the sixth consecutive quarter, which the company ended with a loss. At the same time, the loss narrowed slightly compared to the first...

The strong performance at the investment bank Deutsche Bank helped the lender to offset the headwinds of an ongoing restructuring programme as well as the hit of the Covid-19 pandemic – prompting the firm to report better than expected net profits for the first quarter of 2021.   Deutsche...

The change of ion business focus of the once Japanese tech giant Sony Corp seems to be bearing fruit as the demand for company’s gaming, movies and other content during the Covid-19 pandemic helped the company to post operating profit of 66.5 billion yen ($610.8 million) for its fourth quarter...

Elon Musk's first-quarter financial statements show that bitcoins worth $272 million were sold at the end of March, with a profit of $101 million. This transaction, as well as an increase in car sales, contributed to the company's quarterly profit rising 27-fold (year-on-year) to a record $438...

The US diversified technology group General Electric Co. (GE) posted a net loss of $2.874 billion last quarter, compared with a profit of $6.156 billion in the same period a year ago, the company said in its financial statements. Diluted loss per share in the reporting period was $0.33 versus...

People in the United Kingdom are growing fond of books and reading once again.   In 2020, there was a 7 per cent growth in the sale of consumer books in the country to £2.1bn as people "rediscovered their love of reading" during the lockdown period, said the industry body.   The...