Twitter Inc’s Chief Technology Officer Parag Agrawal will step into the shoes of the co-founder and Chief Executive Officer Jack Dorsey following stepping down form the post on Monday, according to the social networking site.   Even if investors were sceptical, the hiring of Agrawal, a...

UK fintech startup Thought Machine has raised $200m in a new funding round in which investors have raised its valuation above $1bn, CNBC reports. The investment round was led by US firm Nyca Partners, which previously invested in UK fintech start-up Revolut. Investors Lloyds Banking Group, Eurazeo...

Aeroflot, Russia's most popular airline Aeroflot announced on Monday the first quarter of net profit since 2019 , as the growth of both international and domestic travel accelerated.   Aeroflot which saw its shares rise by 1.6 per cent at 0941 GMT reported its net income for its...

Visa Inc has complained to the U.S. government that India's "informal and formal" promotion of its domestic payment rival RuPay is hurting RuPay, the U.S. giant in a crucial market, memos viewed by Reuters demonstrate.   In public, Visa has played down concerns about the growth of RuPay...

Black Friday bargain hunters weren't alone looking for bargains on the day following Thanksgiving. Thieves were also busy.   The police of Los Angeles and cities elsewhere across the nation spent a large portion of the holiday weekend searching for suspects in a string of "flash mob"...

El Salvador says it plans to construct the first city in the world called "Bitcoin City."   The city, set to be constructed in the eastern region within La Union, will be powered by a nearby volcano the president Nayib Bukele announced recently.   The announcement was made during an...

The Black Friday sales are set to surpass the record-breaking sales over the last two years, new research suggests.   Barclaycard that processes around PS1 for every PS3 that is purchased using credit cards, announced that by 17:00 GMT at 17:00 GMT, there had been 23 more transactions than...

After years of development in Hong Kong, cash-strapped Chinese developers are scaling back their presence in one of the world's most expensive real estate markets, allowing financial institutions in the city to snap up some of their holdings at bargain rates.   China Evergrande Group and...

Volkswagen virtually cancelled all hopes for a higher bid for France's Europcar as the German auto making giant said that it completely believed that the 2.9 billion euro ($3.3 billion) offer made for the French company, which was made as a part of an offer made by a consortium, was fair enough to...