American oil and gas giant Chevron made a profit of $ 2.642 billion in the first quarter of 2019, which is 27.8% less than in the same period of 2018, the company said. The profit attributable to the parent company decreased by 27.2% compared with January-March last year, amounting to $ 2.649...

Conducting a criminal investigation in relation to the "unacceptable" leak of confidential discussions surrounding the role of China's Huawei Technologies in the construction of the 5G network supply chains in the United Kingdom could not be ruled out, said British culture minister Jeremy Wright on...

German automaker Volkswagen plans to make investments of 5.06 billion yuan ($750.8 million) for the construction of a new electric car factory in eastern Hefei city in China through its Chinese joint venture in the country with China’s Anhui Jianghuai Automobile Co (JAC), according to reports...

The efforts of Saudi Arabia to continue to attract global business tycoons into its fold is taking effect after the country and its events were boycotted by many of the business honchos following the global furore over the murder of journalist Jamal Khashoggi.   Top executives from the...

The Japanese auto giant Nissan issued a profit warning on Wednesday after its shares dropped by 4 per cent overnight at the Tokyo stock exchange as the company continued to adjust to a business performance minus its once celebrated chairman Carlos Ghosn.   According to the warning issued by...

Aramco of Saudi looks to enter refining joint venture by purchasing fifty percent stake in Royal Dutch Shell in Saudi. On Sunday, April 21, 2019, Saudi Aramco revealed that it plans on acquiring fifty percent stake of Royal Dutch Shell in Saudi. This way, the company seeks to enter in joint...

With the plan of expanding its presence in the U.S. market, Engie is looking to pursue a deal with Emcor. Engie, a multinational utility company, is looking into the options of taking over “Emcor Group Inc. The former seeks to grow its presence in the U.S. market, revealed Bloomberg, whereby citing...

Tesla chief Elon Musk is projecting its self driving electric cars as indispensible on roads. The company is also promising to combine self-driving technology with a ride sharing service which would make eliminate the need for consumers to purchase personal cars. This call by Tesla essentially...

According to a report published by Reuters Beijing Bytedance Technology Co – the developer of the Chinese video app TikTok, claimed in a court filing that it is facing “financial losses” of up to $500,000 a day and potential loss of 250 jobs because of India banning the popular app.  ...