The European Automobile Manufacturers Association (ACEA) has published data on sales of cars in the EU in June. According to the organization’s the report, last month became the most successful for the industry over the past few years. Growth of 14.6% is a record monthly increase since December...

Authorities in Britain sold 10% stake in Lloyds Banking Group as part of plan to reduce stake in the bank, promulgated on December 17, 2014 According to the Ministry of Finance’s announcement published on Thursday, the government sold another 1% stake in Lloyds, reducing the stake in the bank to...

Possible violation of Article 102 Treaty on the Functioning of the European Union would be the basis of twin investigations of antitrust and possible abusive behaviour by Qualcomm in the field of baseband chip sets used in consumer electronic devices.   The European Commission would...

No more misleading promotional offers by the UK supermarkets - that is the directive by the Competition and Markets Authority (CMA) in response to a 'super-complaint' by Which?, the UK consumer association. The CMA would also issue a new set of rules and guidelines for the advertisement by...

Porsche is investing more than 1.1 billion euros in the development of the company. Construction of new plant for the production of engines and body assembly is set up in Zuffenhausen, Germany.  German carmaker Porsche is investing more than 1.1 billion euros in the development of the company...

The nuclear deal between Iran and the six world powers have not only created impacted the global political scenario but the world crude oil market as well. Following the historic deal, that essentially began a phase of lifting of sanctions on Iran by the US, the European Union and the United...

In what is being tipped off as the preparations for a possible largest takeover of an American company by a Chinese firm, the tech market is abuzz with rumors of Micron Technology would be taken over by Tsinghua Unigroup, a Chinese company.   If reports are to be believed, the Chinese state...

Citing a classic example of how political unrest can affect international Business, Burberry, the British retailer, famous for its trench coats and cashmere scarves, recorded a sharp drop in sale in the first quarters owing to a slack Hong Kong Market. The company said that the sharp fall in...

The U.S Justice Department registered a win against Apple Inc. in its appeal at a federal court. The DOJ had previously stated that Apple conspired with five publishers to increase e-book prices. In what would be considered a win for the U.S. Justice Department, a federal appeals court upholds a...