International payment service PayPal and Visa Inc. one of the world's two largest bank card companies, are investing in a $300 million Crypto VC blockchain fund, Coindesk reported, citing confirmation from Paypal. "PayPal and Visa are trying to get into the crypto industry as partners in the fifth...

A proposed cash offer of 5.52 billion pound ($7.62 billion) by the United States based private equity firm Clayton, Dubilier & Rice (CD&R) for the British supermarket group Morrisons have been rejected by the later as it said that the offer was far too low.   It received the...

The industrial relations watchdog of Australia has filed a case against the country’s largest supermarket chain Woolworths Group over allegations that the company underpaid its staff. It was more than a year ago that the company had admitted that it was not making fill payments to thousands of its...

A new joint venture partnership with the joint venture with Customcells is being forged by the luxury sports car unit the German auto powerhouse Volkswagen, Porsche AG, for making batteries for electric car batteries that will have significantly higher performance levels which will help to reduce...

Merchant costs for its branded payment products will be lifted by PayPal Holdings Inc while also cutting down on those for behind-the-scenes processing of some Visa and Mastercard transactions which is being seen as a bold move by the company in the digital payments sector which is getting...

One of the silver lining outcomes of the Covid-q9 pandemic for the tourism sector is an increased commitment from travellers towards “sustainable” travel, finds a new survey.   However the hopes for a “green” recovery may have been overblown with travel prospects being lifted because of...

German pharma company CureVac lost more than half its market value after its coronavirus vaccine showed only 47% efficacy. The company's development was previously backed by Elon Musk. The German pharmaceutical company CureVac has lost more than half of its market value after its coronavirus...

The Swedish furniture retailer Ikea was found guilty of improperly using employee data by a French court which consequently ordered the company to pay a €1 million ($1.2 million).   This judgment was announced by a court in Versailles in France.   The case was filed against the French...

Apple and Google are being investigated by the Competition and Markets Authority (CMA) of the United Kingdom over allegations of the companies misusing their dominant position in the mobile phone market.   Reports said that the competition watchdog is "taking a closer look" at the "effective...