The faulty airbags from Japanese vehicle parts manufacturer Takata has led to the biggest recall in automobile industry. Japanese car maker Toyota will recall yet another record number of vehicles, this time at around 1.37 million, as part of the Takata airbag fault.   According to a Reuters...

The Swiss company Nestle announced its intention to desmolish stockpiles of Maggi instant noodles worth more than $ 50 million after the Indian regulator has imposed a ban on production because of high lead content. It is reported by BBC News. Department of Food Safety (Food Safety and Standards...

Newmont Mining Corp has recently announced the sale of its Waihi Gold operations to OceanaGold Corp for a disclosed sum of $101 million, $5 million contingent plus royalties. The deal is subject to regulatory approvals and conditions being met, before it gets closed by the third quarter of the...

Even as HSBC cuts thousands of jobs worldwide, the comapny will be investing more in the growing economies of India and China over the next few years. Even while British bank HSBC announced its plans to axe up to 25,000 jobs globally, Indian operations would face minimal impact and may at least...

Google could not keep one of the main advertisers, who prefer to go to Dropbox. Vice-president of the advertising department was such a valuable employee, that one day he was paid $ 100 million to only stay in the company. The person in the limelight - Neal Mohan. He has long been the second person...

The growing dominance of carriers based in Middle East has changed the power dynamics within oneworld alliance. Qatar Airways Chief Executive Akbar Al Baker expressed a voice of dissent in the matter of Oneworld Alliance and noted that he may have to exit the council because of rival and fellow...

Ford has struck a deal with Michigan government to invest $3.1 billion in the state in exchange for tax credits. American automobile major Ford Motor Company has vowed to invest $3.1 billion in its home state of Michigan.   The move by the company is aimed to keep the attractive tax breaks...

According to the research company Enfodesk, the market of online services for the taxi in China was divided between the two local players: Kuaidi Dache (56,5% of the market) and Didi Dache (43,3%)by the end of 2014. They work in the lower price segment. The share of other companies, including Uber,...

The Minister of Culture of Israel Miri Regev urged France, which owns a large stake in telecom giant Orange, to dismiss the chairman of the company Stefane Richard, after he spoke about the partnership with Israel in a negative way. Regev was outraged by Richard’s statement that Orange has to cease...