Even after five years since it was revealed, the diesel emission scandal is still affecting the German auto major Volkswagen.   A C$196.5 million ($149.7 million) fine against Volkswagen was approved by a judge in Canada following the German auto maker pleading guilty to charges going in to...

According to reports published in the United Kingdom, very strong hints and indications have been delivered by the UK government about its intention to allow the Chinese telecom equipment maker Huawei to participate as a vendor in some of the area of 5G mobile networks being constructed in the...

According to the results of 2019, the American oilfield services company Baker Hughes received a net profit attributable to shareholders in the amount of $ 128 million, which is 34% lower than a year ago, the company said. Diluted earnings per share for the reporting period amounted to $ 0.23...

The Boeing 737 Max planes are not likely to return back to commercial flight until the middle of the year, the United States based airplane maker said. It added that this was because of new possible developments in the safety certification process as well as greater regulatory scrutiny on the...

Six major central banks of the world will not be sharing their knowledge and experiences for making a realistic assessment of the possibility of launching and issuing central bank digital currency (CBDC) in their respective countries.   The six central banks have formed a group which...

Claims that some of the Tesla cars were experiencing bouts of sudden acceleration in the United States have been strongly rejected by the electric car maker.   Last week, there were reports that more than 100 Tesla owners had signed a petition making claims of sudden acceleration in their...

American electric vehicle manufacturer Tesla Inc. agreed to acquire a plot of land in a suburb of Berlin, where the company will build his first European plant, local authorities say. Tesla's board of directors has agreed to sign an agreement with the federal state of Brandenburg on the purchase of...

Google’s parent Alphabet became the fourth American company that surpassed the $1 trillion mark in market valuation. The other companies include Apple, Amazon and Microsoft – all of which have surpassed the mark within the last two years.   “So proud to see it hit the storied $1T market cap...

A new report has revealed that between 2018 and 2019, a record revenue of $959.3 million was generated by the Spanish soccer giant FC Barcelona. That made it the biggest cash-generating club in sports ever.   A ranking of the wealthiest soccer clubs of the world based on the revenues...