Thomson Reuters data shows that the weakest quarterly revenue growth on record ever is expected to be posted by Chinese e-commerce giant Alibaba Group Holding Ltd. this, experts believe would heat up the battle with smaller rival JD.com Inc in a tougher economy.    According to a...

Prompting criticism from opposition MPs and campaigners who say the "derisory" figure smacks of a "sweetheart deal", Google has agreed to pay 130 million pounds ($264 million) in back taxes to Britain.   After a Reuters investigation showed the firm employed hundreds of sales people in...

In a move that would come as the U.S. insurer fends off activist investor Carl Icahn, American International Group Inc has decided to pursue a spin-off of its mortgage insurance business, reported Reuters citing people familiar with the matter.    Icahn, who is calling for AIG to break...

114 aircrafts would be bought by Tran from European plane maker Airbus in a contract that is expected to be signed during the visit of President Hassan Rouhani to Paris this week.   This would be the for the first commercial deal that Iran would strike with the Western nations after the...

During one of the Apple-Google trials, it became known that Google paid Apple $ 1 billion for the right to be the default search on iPhone and iPad. In addition, Google was paying Apple a certain proportion of revenue earned with help of Apple devices, sometimes this proportion reached 34%. As...

Despite the fact that Apple and Google are rivals, Google is still the default search engine for mobile Safari, which is the pre-installed web browser on iPads and iPhones, primarily due to money aspects.   According to court documents that were revealed very recently,  $1 million...

As Amazon expands across the country, it will create more than 2,500 permanent jobs in the UK this year.   By the end of 2016, the US based on line retailer’s workforce in Britain would reach a total of 14,500 by this addition of employees.   The hiring by the company would be done...

Very recently sanctions imposed by the EU and the U.S on Iran for decades now were lifted. Iran can once again sell more oil to global markets with the sanctions being lifted.   “Iran announced its full return to the global oil market by ordering an immediate increase in production,...

A National Labor Relations Board judge ruled that the Wal-Mart Stores management unlawfully retaliated against workers who participated in strikes in 2013 and must offer to reinstate 16 dismissed employees.   The U.S. retailer violated labor law by "disciplining or discharging several...