American Starbucks Corporation, which owns the world's largest network of coffee houses, increased revenue to a record level in the third fiscal quarter. As stated in the press release of Starbucks, its revenue jumped in April-June by 11.5%, to $ 6.31 billion. The company's net profit for the...

Energy giant BP Plc agreed to pay $ 10.5 billion for most of the US shale assets of the Anglo-Australian mining giant BHP Billiton Ltd. This is the largest acquisition of BP in almost two decades, Bloomberg reports. The deal will ensure BP's presence in the Perm basin. The company will also receive...

A $25 billion share buyback program was announced by oil giant Royal Dutch Shell after the company reported a 30 per cent in rise in net profit for the second quarter of 2018 year-on-year.   $4.69 billion was the net income attributable to shareholders on a current cost of supplies...

After being unable to get approval for the acquisition of NXP Semiconductors and becoming an example of a victim of the trade spat between the United States and China, US firm Qualcomm Inc was forced to cancel the $44 billion deal.   The scrapping of the deal that would have marked the...

In a bid to expand, the sensor supplier for Apple’s phone is now eyeing the autonomous vehicle industry. AMS is a chipmaker from Austria which is mostly recognised as a sensor-supplier for iPhone X of Apple, whereby the company has plans of expanding into sensor manufacturer of “self-driving cars”...

The brand Opel and Vauxhall were a source of huge loss for General Motors and they were sold off by the US car manufacturer about a year ago. However, those very brands have turned out to be cash cows for their new French owners and are making hundreds of millions.   In the first six months...

Saudi Arabia – amongst the most critical clients of General Electric Co, is looking at other companies to rival GE to bid for a lucrative power plant work, claims a new report by news agency Reuters.   While it is reported that talks about investments in the sector is ongoing with two...

In June, European investors were withdrawing cash from mutual funds at the fastest pace in almost five years. The outflow was € 38.3 billion amid fears of a global trade war, the Financial Times reported. Equity, bond and money market funds based in Europe saw a net outflow of at least € 11 billion...

The United Kingdom government has been given urged to hold a public consultation in order to ascertain whether it can be feasible to put a ban on the import and sale of animal fur in the country after setting in Brexit. The call was given in an in an inquiry report that was published by the...