A host of European fashion brands such as Adidas, Inditex and H&M faced severe criticism on social media in China over their previous comments and views made over contentious issues in Xinjiang province of China which also resulted in their shares falling at the stock exchange on Thursday....

China's largest taxi service Didi is leaning towards choosing New York for its initial public offering and expects the company to be valued at $100bn in an IPO. This was reported to Reuters by knowledgeable sources. According to them, the Chinese company is also considering a second offering in...

New Intel CEO Pat Gelsinger announced that the company will allocate $20bn to build two new microprocessor plants. The plants will be located in the US state of Arizona, according to a statement on the corporation's website. In addition, the company intends to outsource some operations not...

Up until now the global shortage of chips in the auto industry has not been able to hit South Korea’s Hyundai Motor in any significant manner as it has remained more or less resilient to the crisis. But the company will be facing the challenge to curb production because of the shortage from April....

Chinese holding Geely Automobile reported a 32% drop in profits for 2020, saying that the company's performance was affected by the COVID-19 pandemic. The automobile concern's net profit fell to $850 million. Revenue fell 5% to $14 billion. The company sold 1.32 million vehicles last year, while...

Chinese company ByteDance, which owns video service TikTok, is buying game developer Mooton Technology, Reuters reported, citing a statement from the company. Terms of the deal have not been disclosed, but according to Reuters, ByteDance has made a significant investment in the developer, which is...

Canadian Pacific Railway is buying US rival Kansas City Southern, the companies announced. The deal is valued at $29 billion, including Kansas City Southern's debts, the largest merger in the market since the beginning of the year. Kansas City Southern shareholders will receive 0.489 Canadian...

After launching antitrust investigation into Google and Apple earlier this year, a similar probe is being prepared against the largest social media company Facebook by Britain’s competition regulator within the next few months. That would be the latest event in the efforts of the regulator to rope...

British Airways feels that it may not need as much of office space as it currently possess because of the rising trend of working from home that got pace during the Covid-19 pandemic and hence the airline was considering selling off the building that houses it headquarters.   This news of...