Market is focussed on seeing whether or not the alliance of Renault survives the storm Ghosn scandal. On Friday, April 26, 2019, Renault decided to keep up its annual target even as it experienced a loss in “overseas sales and business” in partnership with Nissan, whereby amounting a revenue drop...

At the beginning of the year, Coca-Cola completed acquisition of Costa Coffee for $ 5 billion. This British company is the second largest chain of coffee shops after Starbucks. Meanwhile, Coca-Cola CEO James Quincey is trying to increase the company's influence in the highly profitable coffee...

An investigation on Standard Chartered found the bank breaching sanctions and lined up penalties in the form of “fines and forfeitures”. As per the announcements made by the government authorities, the Standard Chartered Plc has consented in paying a sum of “$1.1 billion” to the authorities of...

The global supply of heavy-medium crude is set to be hit due to the tighter U.S. sanctions on Iranian oil to be implemented starting May, among other factors. Such concerns have also forced up prices of the scarcer barrels resulting in tensions between the buyers and sellers.   The increased...

Tightening of US sanctions on the Iranian oil sector will add to the many factors holding back world supplies of heavy and medium oil and increase its value, Reuters writes. New restrictions on Iranian exports complement the previously imposed sanctions by Washington on Venezuela and the obstacles...

If you still think that video games are for children, keep in mind that, according to estimates by the American Software and Computer Games Manufacturers Association, the average age of a player is 34 years, while about two thirds of American families play video games. In fact, it is a fast-growing...

The UK has been urged by China not to budge under external pressure over its politically and diplomatically sensitive decision to allow the Chinese firm Huawei to take part in the construction of 5G mobile network in the country – albeit only in the peripheral work.   China’s ambassador to...

One of the largest snacks food and carbonated drinks making companies in the world PepsiCo, has filed a legal suite against Indian farmers alleging that the farmers had cultivated a particular variety of potato that had been licensed by them which means that its patent for that purpose had been...

Oil majors Exxon Mobil Corp and Chevron Corp have been plagued for more than a year by issues of lower margins and refining weaknesses which were cited as their reasons for lower profits.   The worst margins in its refining business on gasoline and some of the other profits that it had been...