The US has added Alibaba and Tencent's websites have been added to the "Notorious Markets List" of companies of the United States over suspicion that the companies are engaged in the illegal trading of counterfeit products. on their e-commerce platforms.    The...

Renault is considering separating its electric and combustion engine car divisions, a move that other automakers have resisted since it could stifle their capacity to use vehicle profits generated from the sale of conventional combustion engine vehicles to support their green vehicle projects....

Amazon.com Inc has agreed to allow Visa Inc's credit cards throughout its platform, bringing an end to a stalemate between the two companies that threatened to disrupt e-commerce payments and give a blow to the U.S.-based payments processor.   The terms of the agreement were not...

Nestle is optimistic in its capacity to protect profit margins despite rising costs this year and is contemplating more price hikes after exceeding sales and profits targets in 2021.   Consumer products businesses are battling with rising commodity, energy, transportation, and labor costs,...

The consolidated net profit of the world's largest retailer, US-based Walmart, rose 1.2% to $13.673 billion for fiscal year 2021-2022 (ended 28 January), the company said in a press release. Walmart's diluted earnings per share were $4.87, up from $4.75 a year earlier. Walmart's total revenue rose...

The new licenses increase the company’s “granted license area” to over thousand square kilometres. Germany has granted Vulcan Energy Resources, a lithium miner, licenses for “five new exploration” of lithium and geothermal energy. The lithium developer is a supplier to various auto manufacturers...

Strong demand for semiconductor chips from data centers prompted the chipmaker Nvidia Corp to forecast revenues for its current quarter above the estimates of analysts.     However, after-hours trading saw Nvidia's stock drop 2.8 per cent due to stagnant gross margins compared...

French Engie, one of the largest energy companies in Europe, last year made a net profit of €3.7 billion against a loss of €1.5 billion a year earlier, the company said in a release. EBITDA was €10.6 billion, up 18.6 percent from 2020. Revenue rose 30.6 percent to €57.9 billion. The company's net...

The key concern for power grid operators, charging businesses, and governments as sales of electric vehicles (EV) continue to climb is how to run tens of millions of vehicles without destroying local networks or expending billions on upgrading power grids.    The solution...