China’s leading online retailer Alibaba Group Holding Ltd set a record for its one day sale revenues on its annual Singles’ Day discounted sale by selling goods worth 213.5 billion yuan ($30.7 billion). The largest e-retailer of the company was that its early sale on Single’s Day saw Xiaomi Corp.,...

The US based firm that specialises in surveying consumers online - Qualtrics International Inc is set to be acquired by Germany's SAP for a deal worth $8 billion in cash. The US-based company is expected to get listed and the deal was partly driven by that consideration.   This deal supports...

The energy industry in a Southeast Asian city-state is being reshaped by blockchain technology which is the underlying technology behind the production and functioning of bitcoin.   The technology has been recommended by experts to be suitable to be used in a number of sectors and countries....

The 13th of June, Ignacio de la Torre, Director of Finance programs at IE Business School came to Paris. This school which forms the European elite was ranked by the financial times 3rd best European Business school just behind HEC Paris. He delivered a conference about the end of cheap money, and...

According to a forecast of the research agency eMarketer, the volume of pre-Christmas and Christmas retail sales in the USA will exceed $ 1 trillion for the first time in history. Experts attribute this to rising incomes, low unemployment and good consumer confidence in the economy. The forecast of...

Boeing and Airbus, the largest aircraft makers in the world have indicated that they seek an end to the escalating trade war between the US and China soon while they participated in the largest trade show of China.   The comments were made by Boeing and Airbus on the opening day of the...

Fiat Chrysler Automobiles hopes to trigger a sustained demand for its revamped Ram 1500 full-size trucks after the addition of a number of features. The auto maker said that such features on the truck would include placement of a 12-inch touch screens on the dashboard and arming the truck with...

Subaru carmaker will recall about 100,000 vehicles in Japan to test the braking system, according to the Nikkei Asian Review. The automaker found out that the cars did not pass the required security check. Presumably, this was the fault of the concern’s employees. Among the recalled models is...

Credit Suisse increased its net profit in the third quarter, but the figure did not meet analysts' expectations. Increased financial market volatility and declining profits from operations in Asia have had a negative impact on profits, Switzerland’s second largest bank said. The net profit of...