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...

Goldman Sachs, one of the world's largest investment banks, sold off shares in eight companies for a total of $10.5 billion on Friday, Bloomberg reported. The securities were sold in two stages. Shares in Baidu, Tencent Music Entertainment Group and Vipshop worth $6.6 billion were sold before the...

The latest car manufacturers to announce curbs in production because of the global shortage of auto chips include Stellantis NV and Chinese electric vehicle maker Nio.   Production at its five North American plants will be halted starting next week, Stellantis said on Friday due to the...