According to Brad Smith, the President of Microsoft Corp, the hacking campaign that made use of a United States based tech firm as a means to hack into the data bases of a number of government agencies of the country is "the largest and most sophisticated attack the world has ever seen".  ...

A court ruling earlier this week indicated that the social media company Facebook Inc might have been forced to pay about may $4.9 billion more than it would have required under a maximum penalty for which it had come to a settlement with regulators over charges of the company’s social media...

One of the world's largest credit card companies, U.S.-based Mastercard, will allow transactions with certain cryptocurrencies, according to a statement from Raj Dhamodharan, the company's vice president. "Right now we are preparing for the future of cryptocurrency and payments by announcing that...

Industry data provider Counterpoint said on Tuesday that during the first half of January, the sale of new iPhone 12 mini from Apple accounted for just 5 per cent of the total sales of the company in the United States/. This data further indicated muted demand of the the new smaller version of the...

Electric van developer Rivian is about to launch one of its biggest IPOs this year. The company expects investors to value it at least $50 billion, almost double its current value. Ford and Amazon have already invested in the company, described as one of Tesla's most prominent potential...

US auto giant General Motors (GM)'s net profit attributable to shareholders fell 4.5 per cent year-on-year to $6.427 billion in 2020, the company says. Diluted earnings per share were $4.33 compared to $4.57 a year earlier. The car giant's total revenue fell 10.7% to $122.485 billion. The company...

The dating service Bumble, where only women are allowed to start communication, has decided to raise $1.8 billion for its IPO, although recently the preliminary estimate was about $1 billion. Dating service Bumble increased the amount it plans to raise during its IPO up to $1.8 billion, Bloomberg...

Japanese group Honda's net income attributable to company shareholders fell 8.5 percent to 444.1 billion yen ($4.2 billion) for the nine months ended Dec. 31 for fiscal 2020-2021, according to the company's financial statements. Diluted earnings per share were 257.21 yen ($2.4) compared with 276.13...

With the United States based online retailer Amazon.com Inc trying to find out ways to reduce carbon emission in its fleet of trucks in the country, the company has ordered hundreds of trucks that run on compressed natural, the company has said.   There has been a huge surge in deliveries...