The question of who would ultimately takeover Sky would be decided by a sealed bids auction if there is no case of best-and-final offer from any of the parties till the end of te current week.   US entertainment giants Comcast and Twenty-First Century Fox have been fighting out hard against...

A plan by Unilever to discard its dual British-Dutch structure would be voted against by a major UK shareholder of the FTSE 100 company.  It is also urging other shareholders to do so.   The plan by Unilever to shift its only headquarters in Rotterdam and incorporate as a single company...

Japanese investment firm SoftBank is now focusing on development of the companies that it has invested in the Middle East. There are a number of companies in the region that the firm has invested in through its $100 billion Vision Fund which had been created specifically for the region.  ...

Chinese payment giant China UnionPay decided to begin expansion into the EU market. In October, the company will start issuing bank cards in the UK, and by the end of the year it will also enter the markets of other European countries. This decision was UnionPay’s response to growing competition in...

A new department with gender-neutral clothes called One Way opened in the department store Stockmann in Helsinki. It takes the whole floor between the floor with clothes for women and a floor with clothes for men. Such clothing is steadily gaining popularity, but this is the first time when a...

In what is the first of its kind in the world, an agreement has been struck between Elon Musk's space company SpaceX and the first private passenger for a trip around the moon atop the Big Falcon Rocket of the company.   The BFR is an important development in the aim of putting the common...

The European Central Bank (ECB) left key interest rates unchanged at the end of the September meeting. The ECB left interest rates on loans at zero level. The regulator also retained the deposit rate at the level of minus 0.4% per annum, the rate for marginal loans - at the level of 0.25% per...

A statement issued by Russia and China states that 73 joint investment projects which totals up to a value of more than $100 billion is being contemplated by a group of business houses and firms from Russia and China.   Both Russia and China are facing the ire of the United States in the...

According to a forecast by plane maker Boeing Co, in the next few decades, planes worth more than $1.2 trillion would be purchased by Chinese airlines so that the country is able to keep up with the rise in demand for flights. This is the second time in as many years that the American plane...