In a show of encouragement for consumer companies to do business in China, the authorities had announced the reduction of value-added tax (VAT) rate on some products a couple of months back. That reduction came into effect from April 1 which prompted a number of companies, including Apple Inc. and...

While everyone is busy arguing about data, privacy and the role of large technology companies, Microsoft and Amazon are already creating alliances, the goal of which is to freely exchange information and develop future commercial platforms. Amazon, the largest cloud computing company in terms of...

More active role in controlling internet content should be played by regulators and governments, says Facebook CEO Mark Zuckerberg.   The responsibility for monitoring harmful content on the internet is too huge for companies alone, said the Facebook founder in an op-ed published in the...

Lufthansa has not lost “trust in Boeing”. The chief executive of Deutsche Lufthansa AG, Carsten Spohr, revealed about the company’s purchase plans, whereby the company is looking into “a triple-digit number” option of either “Boeing 737 MAX or Airbus A320neo jetliners” which will be used to replace...

While deciding to purchase shares of the US based ride hailing firm Lyft Inc, investors apparently ignored the troubles that it would potentially face in in its strive to become profitable which helped the company to be valued at $24.3 billion in the first IPO by a ride hailing company.  ...

The partnership between Austrian Post and DHL could materialise within a few months’ time. In attempt to make the Austrian parcel delivery services “more efficient”, two companies, namely “Deutsche Post DHL Group and Austrian Post”, have together in a “long-term” partnership.   The Austrian...

Shares of the Chinese manufacturer of telecommunications equipment ZTE Corp. jumped 14% after the company predicted a profit of up to 1.2 billion yuan ($ 178.18 million) in the first quarter, Reuters reports. The company said it expects a net profit of 800 million to 1.2 billion yuan in the first...

Uber taxi service is buying its competitor for $ 3.1 billion. This is the most expensive transaction of the company and the first purchase of a regional competitor. Uber announced that it is buying Careem Networks FZ taxi service, which operates in the Middle East. The transaction amounts to $ 3.1...

The pressure put on Lufthansa low margins in a competitive market of Europe is pushing the company to merge the European operations of its catering business LSG with a peer, according to a report published by news agency Reuters citing sources with knowledge of the matter.    According...