In a latest example, of business ties between companies of the two countries been affected by the United States- China trade tensions, Chinese tech giant Huawei claimed that its delivery former partner - American delivery company FedEx Corp is probably still holding on to 100 packages of the...

In the first half of 2019, Alphabet Inc. (USA), which owns Google, increased its net profit to $ 16.6 billion, by 32% compared to the same period in 2018, according to the company’s press release. Diluted earnings for class A, B and C shares rose to $ 23.71 from $ 17.89 a year earlier. Revenue rose...

Facebook reported for the second quarter and the first half of the year: the net profit of the social network in both cases decreased by half. Such a sharp drop is not due to the Facebook business, but to a record $ 5 billion fine imposed on the company by the US authorities for disclosing data of...

An auction of rare shoes fetched a record breaking amount of $437,500 for a pair of rare Nike trainers that was designed by the co-founder of the sportswear giant.   The auction that took place in New York had on offer a total of 100 pairs of trainers of companies ranging from Adidas to Air...

French Total SA reported for the second quarter of this year. During the reporting period, the company's net profit fell by 26% to $ 2.8 billion. Total itself explains this by unfavorable market factors, including low oil prices. Compared with the second quarter of 2018, cost of a barrel of oil...

Facebook will pay $ 5 billion in settlement of the US Federal Trade Commission (FTC)’s charges in violation of user privacy. The agreement was announced by the FTC; the paper is yet to be approved by the court, the AP reports. The regulator itself called the amount of payments an historical record....

Arnott’s, the Australian snacks business of Campbell Soup Co will be bought out by KKR & Co., the later said, in a deal that would be worth $2.2 billion according to reports in Australia. Arnott’s is the owner of some of the best selling biscuits brands such as Tim Tam.   “I can confirm...

United States based ride hailing company Uber intends to rival local German technology startups in its overall plan of taking a share of the $500 billion trucking market of Europe and will be launching a freight platform in the largest economy of the European Union, according to report.  ...

In the first half of the year, the French automobile concern PSA Group (Peugeot, Citroen, DS, Opel and Vauxhall brands) reported an increase in total operating profit by 10.6% to € 3.34 billion, and operating profit of the automotive division by 12.6 %, to € 2.7 billion. Due to this, the company's...