Japan’s SoftBank Group Corp. is planning to gain control over the shared office space company WeWork Companies Inc by giving the cash strapped company a financing package that it has already prepared, said a report published by the news agency Reuters quoting sources with knowledge of the matter....

German auto maker Daimler has been ordered to recall hundreds of thousands of diesel vehicles by the federal transport authority of Germany, the KBA, over issues related to the company violating emission rules, the auto company informed the media recently.   "We estimate that the recall will...

Many were concerned that the social media company Facebook would take over digital currency market after it announced the launch of its digital currency Libra on June 18th. Facebook has already pocketed billions in users of its social media platform and billions in ads revenues.   A detailed...

An agreement between Grid Corporation of China and the United States based power company Sempra Energy is most likely in relation to a sale of Chilean business of the US firm to the Chinese company in a deal that is estimated to be worth about $3 billion, claimed a report by the news agency Reuters...

T-Mobile has reached an agreement with the Mississippi authorities regarding the proposed merger with the rival company Sprint Corporation. This arrangement could put an end to the confrontation with a coalition of US states that insist that the deal is contrary to antitrust laws. Mississippi...

Anderson Economic Group consulting company calculated that direct losses in wages by the third week of the strike reached $ 412 million. The strike of members of the United Auto Workers union, in which 48 thousand employees of General Motors took part, in fact affected a much larger number of...

The operator of the Hong Kong stock exchange cited a lack of interest from the British side. The operator of the Hong Kong stock exchange HKEX rejected the idea to merge with the London site, explaining this by the lack of interest in the transaction from the British side. Recall, one of the...

Indorama looks to increase its “green credentials” amid stronger regulations and customer demands on recycling. Indorama Ventures is a chemicals company from Thailand which has made a commitment of investing “$1.5 billion” for recycling at a time when more and more consumers are becoming aware of...

The ban on electronic cigarettes in a number of countries around the world, which was introduced after testing a new generation of tobacco products, could lead to a decrease in growth in the sector, Fitch rating agency reported. "We expect that a recent inspection of a new generation of tobacco...