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...

Setting aside fears of critics about the expectations of the bank about its quarterly performance, JP Morgan announced better-than-expected profits and revenue for the first quarter of the current fiscal. One of the largest banks of United States also managed to keep a tab on its operating expense...

The owner of Newsweek are going to cease publication of the printed version of the European Journal a half years after its restart. The main reason is that the magazine could not find enough advertising revenue to produce sustainable profits. Now, only American version of the magazine are available...

After being first introduced in the United States nine months ago, it was the turn of Britain to make use of Apple mobile payments facilities in Britain.  Apple Pay was formally launched throughout Britain on Tuesday and users of this application would be able to take advantage of the services...

Even while smart phone sale continues to grow worldwide, the sale of tablets is expected to slow down in 2015. According to a forecast by Forrester both the shipment and sale of tablets would be hit during the current year. Forrester Research is a premier research and advisory firm that works in...