Customers of the joint ventures of PDVSA, the state run oil company of Venezuela are being asked to make payments of their dues in an account that has been recently opened at Russia’s Gazprombank AO according to a report published by Reuters citing information from sources.   This move was...

DP World, one of the world's largest port operators, is launching its first project for the high-speed Hyperloop system in India, according to CNBC. Last year, DP World, the state port operator of the UAE, signed a partnership agreement with Virgin Hyperloop One to develop a freight transportation...

One of the largest health care conglomerates in the world Johnson & Johnson has announced that by next month, all of the television advertisements and commercials of its medicines would also carry the price of the medicines. This also makes J&J the first drug manufacturing company to adhere...

In what is being seen as an effort by SoftBank founder Masayoshi Son bridge to what he believes is the gap between the actual value of the company and the market value of the company, the Japanese investment firm has announced a share buyback worth as much as 600 billion yen. This announcement...

Following some of the structural changes to its business being done by Amazon in India to adhere to regulatory changes brought in by the Indian government to limit some e-commerce possibilities, there has been a return of one of the biggest sellers on the e-retailer’s India website, according to...

Italy will ban Chinese companies Huawei Technologies and ZTE Corp from participating in the deployment of 5G infrastructure in the country, Italian newspaper La Stampa reported, citing informed sources. For this, the Italian government is ready to use a mechanism that allows terminating signed...

Brussels did not give the green light to the Siemens and Alstom trains. On February 6, European Commissioner (Minister) for Competition Margrethe Vestager vetoed the plan of the German concern and the French company to merge their railway transport divisions. The antimonopoly agency concluded that...

The streaming giant Spotify reported its first ever quarterly profit even as the market and analysts are more included to watch out for the numbers of user growth of the company since the listing of the IPO of the company.     The company has always said that its focus is on long-term...

A report published by the news agency Reuters claims that Chinese tech company Huawei would require anywhere between three and five years to address the security issues raised in a British government report last year in a program that is reported to cost the company about $2 billion. The report...