GE is also exploring to either spin-off or divest its transportation and healthcare information technology businesses. These strategic sales are aimed at meeting the company’s goal of identifying assets worth more than $20 billion that can be divested or spun-off so as to not weigh down its...

Volkswagen is studying a possibility of applying for a full banking license in the UK, writes Reuters. The company wants to be able to continue to offer car loans after Britain leaves the European Union, according to a statement by the German automaker. The company confirmed comments made by...

U.S. antitrust authorities had barred China-backed Canyon Bridge from acquiring U.S.-based Lattice Semiconductor Corp citing national concerns. In a significant development, the shareholders of Imagination Technologies have approved a $730 million (550 million pound) cash takeover bid by...

Although EVs are driving up the growth of nikle miners, analysts say only half of them are likely to benefit from the increased demand. Mining analysts and executives have disclosed, although battery makers are increasingly turning to nickel to help power the global boom in electric cars, only 50%...

Asian stocks rose on Monday, as shares of technology companies are growing amid positive reports on profits and a large number of pre-orders for the iPhone X, Reuters reports. Shares of technology companies were the growth leaders in the MSCI index of the Asia-Pacific region outside of Japan. The...

As General Electric Co seeks to reshape its portfolio under new Chief Executive John Flannery, the company is exploring the opportunities for divesting its transportation and healthcare information technology businesses, according to the media which reported this based on information from people...

Saudi Arabia offers fertile ground for foreign expenditure because of an economy that is keen to diversify away from oil dependence and because it has a population where two-thirds are now under 30.   But the race to capture this lucrative market will be technology behemoths from China, and...

With the potential to cut the cost of making electric cars, Toyota Motor Corp races to commercialize a battery breakthrough during the first half of the 2020s and is hence scrambling to solve outstanding issues.   Replacing the liquid or gel-form electrolyte with a solid, conductive...

This week, three technological giants - Alphabet, Amazon and Microsoft – revealed their reports for the third quarter. All of them showed a significant increase in revenue and profit. According to experts, the growth of technology companies will continue in the future. Nevertheless, the giants are...