Honda has a joint venture with China’s Dongfeng Group in Wuhan’s Hubei province. On Monday, Japanese automaker Honda Motor Co stated, its three car plants in Wuhan with the Dongfeng Group will remain close until February 13. Although earlier it had said, it expects to resume production on February...

Smartphone production in India could get disrupted is the impact of the deadly coronavirus outbreak in China drags into February, said industry executives in India. This is because of the travel bans and lockdown of cities in China that could cause delays in shipment of components.   This is...

Deutsche Bank showed an annual loss amid ongoing restructuring and growing competition from other banks. The bank said that in 2019, the net loss amounted to € 5.3 billion due to revaluation of assets, cost optimization as part of the overall transformation of the business. The loss turned out to...

While the United States again opposed the decision of the United Kingdom of allowing the Chinese tech giant to participate in the roll out of 5G mobile networks and warned that the use of Huawei posed a "real risk" to cybersecurity of the country.   The UK Prime Minister Boris Johnson has...

With its business maturing, its growth will continue to slowdown, Facebook warned while reporting a disappointing increase in its expenses for the latest quarter which disappointed analysts who were expecting that the largest social media company in the world will be able to level of f the costs of...

Global demand for gold jewelry in 2019 decreased by 6% and amounted to 2.107 thousand tons, according to the Gold Demand Trends report of the World Gold Council, WGC. "The sharp rise in gold prices in the second half of the year led to a reduction in global demand for jewelry," the report states....

According to the results of 2019, the international producer of consumer goods Unilever reduced its net profit by 38.4% in annual terms to €6.026 billion, the company said. Diluted earnings per share amounted to €2.14 compared to €3.48 in the previous year. The company's sales for the year...

The revamped strategy of one of the largest fast food chains of the world McDonald’s of restructuring its stores and adding more food items to its menu to lure in more customers and gain more market share will get a boost as the company announced plans for more spending on technology and research...

Toyota Automobile Group decided to postpone the resumption of four of its factories in China after the end of the New Year's celebration on the lunar calendar in connection with the spread of the dangerous coronavirus, Kyodo reported on Wednesday. Officially, in China, the celebration of the...