United States auto giant Ford Motor Co will take a pretax charges of about $4.1 billion from its decision to close down its three production units in Brazil this year with the company not being able to utilize the capacity at a number of its plants because primarily because of the Covid-19...

Canadian video platform Rumble has filed a lawsuit against Google in the federal district court for the Northern District of California. It accuses the company of giving preference to its own YouTube service in search engine results. "Through unfair search algorithms, Google may improperly divert...

British investment company Permira has decided to sell part of its stake in footwear maker Dr. Martens through an IPO, the Financial Times reports. The company's initial public offering will take place on the London Stock Exchange. Permira acquired the Dr. Martens brand in 2013 by buying a 91.5 per...

Deutsche Bank AG will settle charges in the United States over it being engaged in foreign bribery schemes and manipulating precious metals markets for a total of almost $125 million.   This is the latest hit to the bank in its efforts to stage a turnaround from a number of scandals in...

In recent times the French drug maker Sanofi has strung a slew of deals as a part of its efforts of diversifying into the fast growing medical area of immunotherapy. In its latest deal in this regards, it has agreed to acquire the British immunotherapy firm Kymab for a value of up to $1.45 billion....

After a ban on making investments from the United States in companies that the Trump administration considers to be owned or linked to the Chinese military, 500 Hong Kong-listed structured products would be delisted by two of the largest leading firms of the country.   The three investment...

US billionaire Bill Gates wants to participate through his investment fund Cascade Investment in the purchase of UK-based Signature Aviation, one of the leaders in the global private airline market. Back in December it became known that similar negotiations are conducted by the Blackstone...

We created Moho as a response to the challenges afflicting our planet. Global issues like climate change, immigration, economy and even democracy are threatening the future that we will leave our children. Back in 2014, with Olivier Cotinat, we decided together that it wasn't impossible for us to...

The stock market value of the United States based electric car maker tesla surged past that of the social media giant Facebook for the first time as its market value also touched anew high on Thursday driven by heavy trading.   There was an almost 8 per cent jump in the shares in the company...