Evergrande Group, one of the Chinese real estate giants, is seeking to expand its portfolio by purchasing a Swedish electric vehicle manufacturer. Evergrande Health Industry Group Ltd, a subsidiary of the group, said it would buy 51% of the shares of National Electric Vehicle Sweden (NEVS) for $...

Reporting better than expected fourth-quarter results, Citigroup Inc announced that 2019 would be a better year for the bank compared to 2018 as it expects to earn $2 billion more in revenue from its lending activities. This announcement saw its shares rise by 4 per cent.   The drivers for...

The tech sector of Europe has been clouded by data privacy scandals, stricter regulations and the escalating war of tariffs between the United States and China in the last year.   However cloud computing is one tech sector whose performance and outlook is not as bleak as the other segments....

Japanese automaker Honda Motor Corp. is suspending operation of the plant in the British city of Swindon for six days in April in preparation for possible problems that may arise after completion of the British withdrawal from the European Union (Brexit). “We are planning six non-production days in...

The customers in the U.S. can expect their groceries to be delivered within a very short while, as Whole Foods Market reaches over to plug the delivery gaps. Amazon plans on expanding its “Whole Foods Market” by introducing “more stores” so that the customers can be reached within “two-hour...

Over the next 5 to 10 years, a total of about $300 billion would be spent on electric vehicle technology by global automakers and almost half of that amount is planned to be targeted at China. According to analysts, this would hasten the process of transforming the global auto industry to cleaner...

In order to keep pace with the likes of Amazon and Walmart, retailer Kroger is partnering with Microsoft to design the new age grocery stores.   Digital shelves, price tags, and advertisements of two pilot stores in Ohio and Washington State would be set up under the partnership agreement...

Highly indebted Chinese firm HNA Group is looking to raise funds to come out a massive cash crunch by putting up for sale the latest assets and this sprawling conglomerate reportedly met up with bankers on Tuesday for that purposes, reported news agency Reuters.   According to the report the...

Following announcement by Apple of holiday-quarter revenue shortfall because of weak China demand, the shares of the company dropped by as much as 10 per cent on Thursday. The announcement by the iPhone maker spooked many investors raising concerns about the larger slowing of global growth...