A business unit that was once hailed by Uber’s founder as critical to the future of the ride hailing company, the driverless car subsidiary of the company is being sold by it to start-up Aurora Technologies, effectively also potentially abandoning its ambitions in the area of driverless vehicle...

The growing demand for new stocks of United States based companies became apparent after reports became public of plans by Airbnb Inc to increase the target price range for its initial public offering (IPO) to between $56 and $60 per share.   Reports quoting sources with knowledge of the...

The German airline Lufthansa is going to downsize 29,000 employees by the end of the year, wrote the German newspaper Bild am Sonntag on Sunday, citing sources in the company. According to other German media reports, the airline confirmed this information. The newspaper notes that 20,000 people...

The embattled United States plane maker Boeing was given a commercial lifeline, after a 20-month safety ban on its 737 MAX jets was lifted recently by regulators, by the budget airline Ryanair as it ordered 75 of the planes from the company at a list price of $9 billion.   Since 2018, when...

In an unprecedented move that hammered shares of struggling cinema operators, of its 2021 films will be debuted in theatres and on the HBO Max streaming service on the same day by AT&T Inc’s Warner Bros studio, the company said on Thursday.   The studio said in a statement that it will...

Ryanair has placed a multi-billion dollar order for a Boeing 737 Max, the Financial Times reports with reference to the head of the carrier Michael O'Leary. This is the first deal for the company after investigating two aircraft crashes, which claimed more than 300 lives in 2018. Vertical Research...

General Motors announced that it is revising its agreement with electric vehicle maker Nikola Motor: GM is no longer going to buy a stake in the company. Nikola shares fell 25% after the current announcement. In September, GM announced its intention to buy 11% of Nikola's shares for $ 2 billion....

Based on its expectations of a faster than expected demand a d sale in the Chinese market, Swedish telecom company Ericsson increased its forecast for the current year for 5G mobile subscriptions to reach at least 220 million.   The company expects that the demand and sale form consumers in...

The owner of the popular Topshop and Topman clothing shops, UK billionaire Philip Green, was on the verge of bankruptcy. According to Sky News, in the next few days the company may be taken over by a temporary manager. The Arcadia Group of British billionaire Philip Green (total assets with his...