Toyota Motor Company, Denso and SoftBank Vision Fund will invest $ 1 billion in a division of Uber Technologies Inc., which develops unmanned vehicles, reports Uber. Under the terms of the agreement with Uber, Toyota and Denso will jointly invest $ 667 million in the developer of unmanned vehicles...

There has been a weakening of growth in global trade as well as softening in strength of investment prospects, said the Development Committee, which is a ministerial-level forum of the World Bank and the International Monetary Fund (IMF). The body also called on governments and countries to take...

One of the largest US oil and gas companies, Chevron, announced purchase of Anadarko Petroleum, one of the key producers on the shelf of the Gulf of Mexico. The transaction will amount to $ 33 billion, or $ 65 per share, Chevron’s report says. It is reported that Anadarko shareholders will receive...

Apple Inc. and Qualcomm Inc. agreed to complete all legal proceedings, thus putting an end to the long-standing litigation. The agreement between the two companies provides that Apple pays a certain amount in favor of Qualcomm. In addition, Apple and Qualcomm entered into a license agreement for...

After waiting for a period of five years for a strategy to make money in Latin America and the interior of China, US automaker General Motors Co is now set to reap the benefits. This refers to its project that was code-named GEM – a short form for Global Emerging Market.   Two small SUVs...

The cheaper versions of the Model 3 electric cars from the United States electric car making company Tesla has now been opened up for sale in the European markets and China. This is the model that the car maker has pinned its hope on to break its jinx in the industry and become profitable.  ...

The market for used cars is very popular in Africa as it is one of the ore affordable ways of owning a car in the continent.   These used cars, primarily imported from countries like Japan or the Middle East, is however proving to be a hurdle for big carmakers and one that needs to be...

The Bayer-owned US company Monsanto is facing another legal battle over health issues from its products – this time in France. A French court has ruled that the company was liable for a man falling sick in the country after he had inhaled one of its weedkillers.   The case which has been...

The chief executive of Uber will have to convince the investors for a successful investment into IPO shares. Uber Technologies Inc revealed its decision of selling its stock worth “$10 billion” in its initial public offering, while the registration is likely to take place this week itself. With...