Profit of Chinese Internet giant Tencent Holdings Ltd. for the first quarter exceeded expectations of analysts due to a significant increase in revenues from the gaming business, reports Bloomberg. Net profit of Tencent in January-March jumped by 61% compared to the same period last year to 23.29...

Following the ruling by the World Trade Organization that illegal government funding had been given to Airbus for development of jetliners, the European Union has bene threatened by the U.S. with imposing sanctions against it.    It was found in 2016 that Airbus had been helped in its...

Amidst persistent threats of U.S, sanctions on Iran, there are frantic efforts in the European Union to safeguard its trade with Tehran.   Strict international sanctions against Iran were lifted in 2015 after the Western powers reache3d an agreement with the country to limit its nuclear...

The American oil company ConocoPhillips withdrew petroleum products belonging to the Venezuelan state oil company Petroleos de Venezuela SA (PDVSA) from the Isla oil refinery on the island of Curaçao. This is reported by Reuters. The court allowed Conoco to confiscate PDVSA assets in the Caribbean...

Representatives of American businesses, interviewed by the Financial Times (FT), are worried that during the US talks with China on the trade agreement, President Donald Trump cannot ignore a number of issues that have long concerned US companies. Among these issues are Chinese restrictions on...

As the largest rival in the retailing industry for Amazon in the United States - Walmart. Joins hands with the largest e-retailer in India – Flipkart, the largest e-retailer in the world has a powerful new challenger on the world stage.   $16 billion will be spent by Walmart to acquire 77%...

Didi to carry out checks on its drivers to ensure its safety standards following the death of a female passenger. On Friday, May 11, 2018, the “biggest ride-sharing company” of China, Didi Chuxing informed that it will put its Chinese operation on halt for a week after a passenger’s death whereby...

Engie, as a French power market player, feels no pressure to “split up” or to purchase Direct Energie. Isabelle Kocher, the chief executive officer of Engie informed that the company has looked into the options of buying Direct Energie, an “independent power retailer”. However, the decision was...

Walt Disney reported profits for the first quarter of 2018 riding on the runaway success of Black Panther which helped the company to offset the setbacks in the its TV business.   The company reported a 9% increase in revenues at $14.5 billion and 23% increase in profits up to $2.9 billion...