The primary supporter and investor of United States based company We Company, Japan’s SoftBank, is pushing the US company to postpone the planned initial public offering (IPO) for the time being which has added on to the pressure that We Company, which is the owner of workplace sharing firm WeWork,...

In a fresh salvo at the Chinese tech giant Huawei, prosecutors of the United States have brought charges of fraud against a Chinese professor who allegedly had stolen technology from a California company and handed it over to Huawei.   According to court documents, the accused professor Bo...

The cross-border e-commerce business unit, Kaola that is owned by Chinese internet company NetEase, which is also listed at Nasdaq, will be bought by Alibaba for a value of about $2 billion, the largest Chinese e-commerce firm said on Friday.   A range of consumer products including clothes,...

There of the best performing IPOs for 2019 on Wall Street fell flat on their face as investors lost confidence on the high valuation of the stocks even after the companies reported better than expected quarterly results.   One such IPO was that of Zoom Video Communications that fall by 2 per...

The American corporation has agreed to sell its assets in Norway for $ 4 billion. ExxonMobil is also discussing the possibility of selling assets in the North Sea on the UK shelf. This was reported with reference to unnamed sources by Reuters. The agency’s sources did not disclose who became the...

Google and YouTube will pay $ 170 million for collecting personal information about children without the consent of their parents, follows from a message on the website of the Federal Trade Commission (FTC) USA. The message states that the FTC and the New York Attorney General have brought charges...

A new period of global tax wars is possibly on the cards as the Australia is contemplating imposing a tax on the turnover of large digital companies in line with that of Europe. However it has chosen to see the actions taken in this regards by other countries before making the plunge.  ...

Japanese auto giant Toyota has decided not to manufacture any new cars at its production unit in the United Kingdom from the very next day after the UK leaves the European Union. The company described this move as a part of its plans to take care of any disruption that could take place because of a...

Chinese tech giant Huawei Technologies would be launching a high end smartphone for the European market despite the company potentially not being able to offer its buyers the Android operating system from Google as well as number of other applications such as Google Maps.   According to...