At the Frankfurt motor show, Europe’s car parts manufacturers warned that there are risks that Europe’s auto supplies industry would be damaged and jobs would be handed over to China due to a fixation on electric cars.   The need to look at other ways of cutting vehicle emissions too,...

According to Aker BP’s CEO, the company is willing to aggressively cut costs and maintain margins in the wake of falling crude oil prices. According to the Chief Executive of Norwegian oil company Aker BP, in 2018, it plans on drilling six to eight exploration wells, including four in the Barents...

As the traditional European automakers seek to gain market share in a space dominated by U.S. upstart Tesla, they are now increasingly prioritizing the development of electric cars over the traditional combustion engines.   "It is quite clear the future will be electric," Ralf Speth,...

In an announcement that fund managers gave a tepid reception, saying limited growth prospects is likely to dull demand from institutional investors, Japan’s government on Monday said it will sell $12 billion worth of Japan Post Holdings Co Ltd stock.   The postal firm and its two units,...

Apple's revenue from iPhone sales totaled $ 760 billion for 10 years, according to Strategy Analytics’ study. For 10 years since the first iPhone was released, Apple has sold about 1.2 billion smartphones, says Strategy Analytics according to a report. The total revenue amounted to $ 760 billion....

Apple Corporation and consumers may face a shortage of supplies of iPhone 8, which will be presented to the public next week, writes The Wall Street Journal. Users may face a deficit of the new iPhone 8, which will be presented on September 12. According to the publication, this summer Apple had...

Deutsche Bank Chief Executive Officer John Cryan is confident that Frankfurt has an ideal geographical location in Europe to become the financial center of the EU after Britain leaves the European Union. "Of course, a lot of jobs will be created in cities like Dublin, Amsterdam and Paris, but none...

Best Inc. lays out its plans of using IPO for strengthening itself in the U.S. market. Best Inc. is a “Chinese logistics company” which has Alibaba Group’s backing, whereby the former has come out with its new launch of “up to $932 million”, initially starting with “public offering”. The company...

The US is preparing for a new natural cataclysm. The country has not yet coped with consequences of Hurricane Harvey, but yet another catastrophe, Hurricane Irma is moving to Florida. Its consequences may be even more disastrous than from Harvey. Meteorologists report that at the moment Irma is the...