Amazon, looking for a competitive advantage in the face of rising living costs, announced on Monday that it will match Tesco's prices on hundreds of products.   Amazon Fresh's new scheme, which delivers groceries to Amazon Prime subscribers, will match Tesco Clubcard rates on daily items...

On Monday, Bank of America Corp reported a nearly 34 per cent reduction in second-quarter earnings, owing to a drop in investment banking revenue as dealmaking activity was a fraction of last year's record levels.   Wall Street investment bankers were neck-deep in acquisitions last...

In the second quarter, U.S. corporations that comprise the S&P 500 Index paid a record $140.6 billion in dividends, according to data from S&P Dow Jones Indices cited by The Wall Street Journal. The previous record was $123.4 billion in the second quarter of 2021, which broke the previous record of...

According to Reuters, citing the Crown Prosecution Service of Great Britain, Bernie Ecclestone, the former president of Formula One, is accused of defrauding foreign entities of more than £400 million. The 91-year-old businessman was charged following an investigation by Her Majesty's Revenue and...

Twitter will file a lawsuit after Elon Musk, the richest man on earth, refused to acquire the business. The company is requiring him to complete the $44 billion transaction. The contract stipulates that if the businessman decides not to proceed with the transaction, he must pay $1 billion....

According to legal experts, Twitter Inc has a strong legal case against Elon Musk for walking away from his $44 billion bid to acquire the U.S. social media business, but it may choose for a renegotiation or settlement rather than a lengthy court battle.   The Delaware courts, where the two...

Hedge funds underperformed in June, increasing their losses for the year to over 6 per cent, according to a report released on Friday by hedge fund data provider HFR.   Last month, the fund-weighted composite index declined 3.08 percent. In June, all four hedge fund categories tracked by HFR...

Volkswagen and its partners will invest more than 20 billion euros ($20.38 billion) in a battery cell business, generating 20,000 jobs and aiming for annual sales of more than 20 billion euros by 2030 in order to compete with Tesla, which leads the burgeoning industry.   VW's PowerCo unit...

China issued stricter guidelines late Thursday to better control its $1.3 trillion credit card sector, asking lenders to pursue a "prudent" expansion strategy and continuously monitor risks.   According to rules jointly published by China's central bank and the country's banking regulator,...