PayPal added the option of paying for goods and services in cryptocurrencies for US customers. After confirming the transaction, the service will exchange the cryptocurrency for regular dollars at its internal exchange rate, which already includes the cost of conversion. PayPal has added...

Earlier Ford stated that its “operating profit” could take a beating and get “reduced by $1 billion to $2.5 billion”. Ford Motor Co is going to give an update on “April 28” corresponding to its “2021 profits” taking “expected hits” due to the shortage of chip supply experienced on a global scale....

Lloyd’s also informed that there was “10.8%” rise in premium rates last year, while the upward rising momentum of the graph continues even in 2021. Lloyd’s of London is going to face “large loss” due to the Suez Canal blockage lasting for “nearly week”, while the insurance market already faced a...

A high court in Paris has handed down a verdict in one of the most high-profile cases in France's pharmaceutical industry, Le Figaro reports. Servier, which produced a weight-loss drug Mediator, was fined €2.7m for "fraud" and "unintentional killing and injury", although the prosecution had asked...

The CMA pushes Adevinta and eBay to mitigate regulatory concerns before moving ahead with “$9.2 billion deal”. eBay, an e-commerce group from the U.S. along with Adevinta of Norway have decided to sell out “three smaller British units” in an attempt to receive “regulatory approval” for a tie-up of...

In comparison, analysts at Refinitiv had estimated an average of “$3.03 billion for 2021 and about $2.6 billion for the latest quarter”. General Electric has come out with an “upbeat outlook for its business” as it reported an increment in “quarterly free cash flow”. The industrial conglomerate’s...

It is going to cost the auto makers more to turn their vehicles into electric ones. Volvo has decided to turn its “entire car lineup” 100% electric within the coming decade. Keeping 2030 as the aim, the company will be part of the trend wherein more and more auto manufacturer plan to “phase out...

The fire that ravaged the chip making factory of the Japanese chip maker Renesas Electronics Corp situated in northeast Japan has caused much more damage than the company had previously estimated initially, said a spokeswoman of the company on Monday.   The fire at the manufacturing unit...

Its first commercial hydrogen fuel pump site in the Australian state of Victoria was opened by the Japanese auto maker Toyota Motor Corp on Monday as the firm urged the Australian government to help in the rollout of more such sites so that there is greater acceptance of cleaner fuel cars by...