The legal hurdle to the efforts of the United States based electric car making company Tesla to build an electric-car factory in Germany was overcome by it recently.   A permission to the company to restart cutting down trees at a forest site in the small town of Gruenheide where the company...

The American company L Brands announced sale of its lingerie brand Victoria's Secret. The controlling stake will be sold to Sycamore Partners, a private investment company that will acquire 55% of Victoria's Secret. The deal will cost about $ 525 million. After the sale of shares, Victoria's Secret...

While the brick-and-mortar stores of the largest retailer of the world Walmart in Japan, having opened up about decades ago, continue their search for profits, the company has tucked into a sweet spot in the Japanese food market as its fast-growing venture was ranked third in a fairly nascent...

While issuing a warning that revenues would be significantly impacted by the outbreak of the coronavirus in China, Apple Inc major supplier and vendor Taiwan's Foxconn said on Thursday that it has planned to "cautiously" reopen and restart production at its main factories in China.   This...

Net loss of the Danish sea container carrier A.P. Moller-Maersk A/S amounted to $ 84 million in 2019, against a net profit of $ 2.98 billion a year ago, follows from the financial statements of the company. Revenue over the reporting period decreased by 1%, to $38.89 billion. EBITDA increased by...

OPEC has sent invitations to cartel members and their allies on the OPEC + deal for a meeting scheduled for early March in December, Bloomberg reports citing sources. The agency concludes that the cartel rejected Riyadh’s idea to hold an emergency summit in February due to the situation with...

Lawyers standing in court for the Chinese telecoms giant Huawei Technologies have Alleged that the prosecutors in the United States who probed the company had intentionally some very obviously visible violations of the US sanctions on Iran by HSBC Holdings, after the united Kingdom based bank...

The outbreak of coronavirus in China is hurting the sale of German sportswear makers Adidas and Puma because of closure of stores in the country as well as a reduction in the number of Chinese tourists shopping from stores outside of China while travelling, both the companies have warned.  ...

It has been more than a decade that the South Korean tech giant Samsung Electronics has invested in building production units for its smartphones in low cost Vietnam and now in the wake of the coronavirus outbreak in China, the company now stands to benefit as its major rivals including Apple...