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Stellantis, Pony AI plan to deploy robotaxi network in Europe 10/20/2025

Secondhand Luxury Hits Stratosphere While Authentication Becomes the New Gold Standard 10/19/2025

Global Film Industry Holds Its Ground as Tariff Threats Expose Limits of U.S. Protectionism 10/19/2025

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IPO volume in China can grow to six-year high

In 2017, IPO fundraising in China is expected to reach its highest level in six years, as the government is turning to the stock market to help companies reduce debt, Bloomberg reports. Volume of initial public offerings in mainland China will grow by 50% to about 225 billion yuan ($ 32.4 billion),...

Facebook is accused of illegal acquisition of Oculus VR

Media giant Zenimax, publishes computer games and owns Bethesda Studios, id Software, and Arkane Studios, accused Facebook in illegal acquisition of Oculus VR, creator of VR headset Oculus Rift. ZeniMax Media recons that the world's largest social network bought the company knowing that Oculus...

Trump thanks Ford and Fiat Chrysler for keeping jobs in U.S.

US President-elect Donald Trump thanked Ford Motor Company and Fiat Chrysler, which recently announced heavy investments in the US auto industry. The day before, on January 8, the company Fiat Chrysler Automobiles NV announced its intention to invest $ 1 billion in modernization of plants in the...

Analysts see January as ‘The First Big Test’ for OPEC Production Deal

This Sunday will mark the start of the OPEC and non-OPEC landmark deal to cut production by 1.8 million barrels a day in 2017. In order to understand whether everyone will respect the deal, the first month of implementation will be key. However analysts say that full compliance...

Amazon To Turn Airships Into Its Storehouse

Next year, when you order something from Amazon, for all you know a drone might be supplying your delivery! According to Reuter reports, Amazon is eyeing the airships to turn them into its store house for products that would be delivered through drones, whereby the company filed for “a patent”....

Record Amounts of Gasoline, Diesel Exported by U.S. Refiners

According to weekly government data released this week, the U.S. last week exported a record 8 million barrels of gasoline and nearly 10 million barrels of distillates. The U.S. has been oversupplied with gasoline and crude oil and the U.S. refined product experts have been...

Samsung Sellers Before Holidays Mistakenly Suspended by Amazon

For sellers of Samsung products, Amazon.com has been a rough place this holiday season. Due to apparently mistaken claims of infringement, a number of online sellers of Samsung phones, chargers, cables and TVs were booted from the e-commerce site in mid-November, just ahead of...

Amazon Shares Rise as it calls 2016 Holiday Season its Best Ever

As Amazon.com Inc’s shares saw a rise of 1.6 percent in afternoon trade after the top online retailer called its latest holiday sale its best ever, the company shipped more than 1 billion items worldwide this holiday season. Jeff Wilke, chief executive of Amazon's worldwide consumer...

As China Faces Restraints, Japan Inc Could Claim Edge in Overseas Deals

As Beijing's crackdown on capital outflows prevents some Chinese companies from making foreign acquisitions and as Japan’s cashed-up companies seek to buy growth prospects elsewhere in the world, bankers and lawyers said that Japan Inc may become a more important force in dealmaking next...

Toshiba expects huge losses, investors are in panic

Japanese manufacturer Toshiba Electronics warned of several billion dollars of losses related to acquisition of American company Westinghouse Electric, which operates in the field of nuclear energy. This statement brought Toshiba’s quotes down. Analysts predict $ 4.3 billion of corporate losses....