Investors betting on the fall in shares of the American biotech company Moderna lost almost $ 2 billion this year. On Monday, Moderna announced that its coronavirus vaccine was nearly 95 percent effective, after which its shares rose by 15 percent. Investors who bet on the fall in shares of the...

Complaints against Apple's online tracking tool was filed with German and Spanish data protection authorities on Monday by a group led by privacy activist Max Schrems. The complaint alleged that the company does not take permission from users prior to storing users’ data on iPhones, which the group...

As a part of its plan to raise cash amid lower oil prices, the largest oil company in the world Saudi Aramco has hired a group of banks prior to its multi-tranche U.S. dollar-denominated bond issuance, the company said on Monday.   Bond issuers from the Gulf region have shown no signs of...

According to TechCrunch, Uber plans to sell its unmanned unit ATG to the start-up Aurora Innovation. In September, the media reported that conflicts have erupted within ATG and money problems have been recorded. According to TechCrunch, Uber is negotiating the sale of a subsidiary of the Advanced...

A day extension to the Chinese company ByteDance has been granted by the Trump administration for a divestiture order issued to the company by it for selling off the company’s short video sharing app TokTok by Thursday this week.   The extension was first disclosed earlier in a court filing...

Investments amounting to 2.75 billion yuan ($415.32 million) for building Mercedes-Benz-branded Actros heavy trucks for the first time in China will be same by Germany's Daimler AG and its China commercial vehicle partner Beiqi Foton Motor Co, according to reports quoting a company document....

An investigation against the United States based search engine giant Google has been ordered by the Competition Commission of India (CCI) over allegations that the company was using its dominant market position to promote its digital payment service Google Pay while trying to supress rival apps....

Walmart to invest in its own technology for digitizing its inventory management amid record online sales. Walmart has informed this week that the company will not be proceeding with its plans of using “roving robots to scan shelves and keep track of inventory” whereby wrapping up its years of...

The growing popularity of computer games during the COVID-19 pandemic enabled Tencent to almost double its profits in the third quarter. According to the game developer's financial report, its net profit for the three months reached 38.5 billion yuan ($5.8 billion), which is 89% better than last...