The international travel industry was shocked on Monday with the news of one of British travel and tourism firm Thomas Cook, one of the largest and the oldest in the industry, on Monday after months of efforts to rescue the company failed.  The collapse of the 178-year-old travel company...

"Tens of thousands" of apps made by about 400 developers have been suspended by Facebook as a part of its investigation after the Cambridge Analytica scandal, said the social media company.   This announcement was made by Facebook even as it was revealed that the company had suspended 69,000...

Assurance that its suspended production capacity would be attained again by the end of the current month was given by state owned Saudi oil giant Saudi Aramco bringing in relief to the global energy markets.   The drone attacks on Saudi oil facilities last Saturday had resulted in the...

Failure of the governments to tackle the challenges of climate change could have serious economic consequences, warned a group of more than 500 major institutional investors on Thursday, giving a call to governments to take immediate measures on climate change.   Current commitments of...

A strike by workers who seek benefits and higher salaries could cost General Motors up to $ 100 million a day, according to analysts polled by The Wall Street Journal. The consequences of the strike on the US economy will not be as significant as in the 90s, as the number of unions has declined...

United States based tech giant Apple Inc said that the order of the European Union to the company to pay €13bn in back taxes to Ireland “defies reality and common sense”. This was comment was made by Apple as it and the Irish government initiated a dual legal course ot challenge the 2016 ruling of...

Despite the devastating drone attack on its largest oil facilities cutting down the output of Saudi oil giant Saudi Aramco by almost half, the company is pushing ahead with its planned initial public offering that will set a record in the IPO world, according to reports. Quoting sources with...

The American coworking startup WeWork has postponed the initial public offering due to the weak interest of institutional investors. On September 16, the company was going to hold a road show for investors, and to conduct a listing the following week. However, the IPO has been postponed until the...

This year, Chinese companies have become net sellers of global assets for the first time since entering the global mergers and acquisitions market. According to the research company Dealogic, the slowdown in China's economic growth and the trade war with the United States are affecting the current...