Major Amazon rivals come together, to boost online presence with the help of cloud technology and data expertise. Walmart has informed that the retail giant is involved into a “strategic partnership with Microsoft Corp”. The partnership will explore “wider use of cloud and artificial intelligence...

EU authorities pressurises VW to guarantee its cars performance post the Dieselgate scandal besides improving “consumer information”. Volkswagen received criticism from the “consumer authorities” of Europe, as the former failed to guarantee that the following steps to mend the “Dieselgate scandal”...

In an “aggressive” overseas expansion plans Didi and Booking Holdings enter into in an agreement enabling the users of the either services to avail the other’s services. The “Booking Holdings Inc”, a travel firm of the U.S. has invested “$500 million” on Didi Chuxing, the ridesharing app of China....

US based Aircraft making giant Boeing is now all set to get into the fast growing market of autonomous flight. The company has recently announced the creation of a separate internal division in the company that would look into the prospects of this market segment.   The division has been...

Investments in power generation are on the increase, while investments in renewable energy sources in 2017 have decreased, and this alarming trend may continue, the International Energy Agency notes. Electricity generation have been attracting more investment than oil and gas production for the...

The net profit of the Norwegian telecom giant Telenor in the first half of 2018 increased 1.9 times year-on-year, reaching NOK 7.642 billion ($ 943 million), the company said in a statement. The diluted earnings per share of the holding increased to 5.15 kroner ($ 0.6) from 2.67 kroner ($ 0.3) for...

The blow from the retaliatory tariffs on U.S. steel on the powerful automotive industry of Canada is expected to be cushioned by the government’s customs provisions, believe trade lawyers and industry leaders awaiting the results of the impact.   When Canadian companies are able to show that...

Saudi Arabia is offering extra volumes of oil in addition to its contractual supplies, to some buyers in Asia. This is reported by Bloomberg referring to sources familiar with the situation. The Middle Eastern Kingdom, the de facto leader of OPEC, is planning a record oil production after easing...

Adnoc is on track to broaden its company’s reach globally. The Abu Dhabi based oil firm, Adnoc has confirmed that General Motors, the U.S. car producer has granted the former to use one “high-performance base oil” in the market of the United States. According to the statement of the Marketing,...