Saudi Arabian Oil Co., state oil company of Saudi Arabia, plans to raise about $ 2 billion in the debut bond sale, which will be the first step of the energy giant to attract $ 10 billion on the market, Bloomberg reports citing informed sources. Saudi Aramco will sell Islamic bonds, nominated in...

The European Commission fined 11 airlines for a total amount of 776.465 million euros for collusion when setting tariffs for air freight in 1999-2006. This decision was made by the regulator for the second time as back in 2010 the EC decision was annulled by the European Court. "Millions of...

American social media companies are under the scrutiny radar in Europe for violating the ‘consumer protection law’, which can culminate in fines. Julia Fioretti reported that the ‘Consumer Protection Authorities’ of Europe will be asking various “social media companies” like “Facebook Inc, Alphabet...

As per the recently signed contract of Boeing and the U.S., the former will be supply the latest helicopter model of Apache. The Company of Boeing has reveal that there has been another contract worth “$3.4 billion” between the company and the U.S. government, whereby the latter along with “an...

U.S. sports brand Nike was accused of misleading advertising and Japanese brand Muji for selling food products allegedly sourced from part of Japan affected by radiation at China's annual consumer rights day television show.   Nike had misled consumers over high-tech air cushions in some of...

Fast Retailing Co., owner of the clothing brand Uniqlo, hopes that fast delivery of both the newest collections to stores and custom-made clothes to customers will help overtake Zara brand, owner of the company Tadashi Yanai said in an interview with Bloomberg. Fast Retailing plans to shorten time...

Analysts see this acquisition bringing a promising future for Intel. Mobileye, an autonomous Isreali “vehicle technology firm”, would be bought over by Intel Corp. for “$15.3 billion”, revealed the latter. Moreover, the said purchase deal has the capacity of taking Intel into “direct competition”...

After more than 3 years of sinking prices, revisions to the city-state's property cooling measures is being welcomed by Singapore’s largest listed property firm.   "Together with the government's policies to support population and economic growth, such measures will help to ensure a...

The European Commission approved acquisition of telecommunications company AT&T Time Warner for $ 85 billion, writes the Financial Times. The American telecommunications company thus overcame the last of the barriers to completion of the deal, which was announced last year. Bob Quinn, Head of...