Resting its confidence on fast growth tin global demand for electric vehicle batteries, South Korea's SK Innovation, which supplies batteries to auto makers like Daimler and Volkswagen, plans to double its total production capacity by more than tenfold by 2022.   According to a senior...

U.S. companies are being contemplated of being barred from using telecommunications equipment made by China’s Huawei and ZTE by President Donald Trump, according to a Reuters report.   The report based on government sources, further states that Trump is considering passing an executive order...

According to MasterCard, sales of pre-Christmas sales in the United States increased by 5% over the same period last year. As experts explain, trade wars, the government shutdown and falling stock markets did not worry Americans much when wages in the country are rising, and unemployment and...

Equipment supplied by Chinese tech company Huawei would be removed from the core systems of communication system which is being developed to be used by the police forces and other emergency services in the UK. This was confirmed recently by British Telecom (BT).    This confirmation was...

No clarity has been offered by Exxon Mobil and a seismic research company that had been hired by it for searching for oil off the coast of Guyana on Monday following halting of the work after a confrontation with the navy of Venezuela during the weekend. The oil major declined to confirm the...

National Commercial Bank (NCB), the largest bank in Saudi Arabia, has begun merger talks with Riyad Bank, reports Bloomberg. As a result of the transaction, the third largest bank in the Gulf countries with assets of 685 billion riyals ($ 183 billion) can be created. Negotiations are at an early...

Each year brings a new series of problems for business. And although no one can say with certainty what exactly the coming year will be, Bloomberg Intelligence analysts, tracking more than 1,900 companies in various industries, including energy, technology, retail and finance, have compiled a list...

In case there is any delay in the delivery of electric vehicles to customers manufactured by the US electric vehicles make Tesla and if such a delay results in the customers missing out on a significant tax credit by the US government, the car maker would compensate and reimburse the customers,...

Royal Bank of Scotland has applied for a banking license in Germany to maintain access to European markets after the UK exits the European Union, the Financial Times reported. The bank plans to replace its existing branch in Frankfurt with a new division with a license. RBS has already received a...