The Chinese manufacturer of smartphones Xiaomi has applied for an initial public offering of its shares on the Hong Kong Stock Exchange. The former start-up, created just eight years ago by Chinese ex-employees of Google and Motorola, can attract up to $ 10 billion on the exchange, and investors...

Walmsley progressively moves on her promise of reshaping GSK’s portfolio in a strategic overhaul of the company whereby focusing on oncology. Last month, the GlaxoSmithKline’s C.E.O Emma Walmsley, delivering on her promise of trimming the company’s portfolio reported about parting with “its rare...

The watchdogs will keep an eye on how the tech giants treat smaller companies. The giants of the tech sectors, including Amazon, Google and Apple, will deal with rules for the first time which will regulate their “commercial relations” with smaller companies. This move under the law has been...

A fall in consumer spending have worried restaurant chains in the United States and a counter strategy of promoting cheap fast-food saw a surge in such deals during the first quarter.   It has been since 2002 that the “value” offers have been part of the U.S. fast-food industry, after...

U.S. Oil refining company Andeavor would be acquired by Marathon Petroleum Corp. in a deal valued at $23.3 billion. This deal will result in he creation of the largest fuel manufacturer in the U.S.   While Andeavor’s refineries and pipelines are situated in western states, Marathon is...

There has been a social media outrage against Amazon.com’s Whole Foods Market after the retailer decided to enter into a partnership with an Asian restaurant that has the racially charged name of Yellow Fever in the newest store of the retailer.   There has been controversy because the name...

A deal that would create the largest supermarket operator in Britain is being mulled by U.K. grocer J Sainsbury Plc. According to reports citing source information from the company, Sainsbury is contemplating acquiring its rival Asda from the current owners of the supermarket chain – WalmartInc. Of...

Internet company Amazon announced more than twofold increase in profits in the first quarter. Such indicators have surprised many analysts, who expected a reduction in profits due to the company's significant expenses on new projects. However, Amazon's cloud business and Internet advertising more...

Comcast hasn’t given up on its attempt of taking over Sky, in spite an “already agreed” bid between Sky and Fox. Comcast Corp is a cable company of the United States which made an offer of “22 billion pound ($31 billion)” for “pay-TV group Sky”, on Wednesday, 25 April 2018. This bid of Comcast over...