German prosecutors have announced an investigation into whether the Volkswagen emission scandal also constituted tax evasion after a couple of months since the German car maker admitted that it had sold up to 11 million cars worldwide fitted with software designed to produce favorable and flawed...

Smaller only than a precious stone carved up to adorn the British crown jewels, the second-largest diamond ever unearthed is a nearly tennis-ball-size gem discovered in Botswana very recently.   This giant sized diamond was found last week at the Karowe Mine in Botswana, said Lucara Diamond...

With the Russian state-controlled oil group Rosneft looking to further explore and develop one of the largest oil and gas condensate fields in the Siberian region and is on the lookout for financing, it has got a partner in the form of BP that has acquired a 20% stake in Rosneft’s Eastern Siberia...

If the dream of Elon Musk of millions of households producing all their own power becomes a reality, it will probably happen first in Germany.   But there would be a battle for Musk for market share from the local firms with years of experience in renewable energy.   Global interest...

Global IT giants Facebook and Google are being given tough competition in claiming mobile advertising from a very unlikely source – a small Indian startup.   Since its very recent inception, mobile advertising has been one of the fastest growing new industries and in this field today,...

Holding a top bank responsible for running the risk of laundering money or financing terrorism by conducting the deal for politically sensitive people, a £72m penalty was slapped on Barclays for an “elephant deal” that it had executed three years ago.   Deals that are worth £20m or more...

The UK is desperate to join the club of elite countries that produce either natural gas from shale formations or crude oil from tight formations at an international level. Only four countries – US, Canada, Argentina and China are members of this club.   And the UK government has pledged its...

In what is being termed as “more or less” confirmed reports, Apple is said to have acquired Faceshift.   Faceshift is is a Zurich-based startup focused on creating technology that allows for capturing a person's facial expressions in real-time and using that data to create avatars and other...

According to StatCounter, a browser made by UCWeb company, subsidiary of the Chinese giant Alibaba Group, came in second place in the world for installation on mobile phones. Thus, the app has overtaken Apple's Safari browser. UC Browser’s share on mobile phones was 17.42% in the world in October...