Coffee, sugarcane and orange crops in Brazil were threatened with frost as temperatures in the country dropped on Thursday – even with a rare snowfall overnight in some places, as a polar air mass moved toward the center-south of the country which is a global powerhouse for agricultural produce....

Altria Group is forced to postpone its conquest of the US market. The company announced that it is suspending further distribution of its IQOS tobacco heating system due to a patent dispute with British American Tobacco and a possible ban on imports of IQOS into the country. Altria began selling...

Since the beginning of this year, 785 homes priced over $10m have been sold in the world's biggest metropolitan areas, double the figure from a year ago. Under the threat of inflation, the super-rich are looking for somewhere to invest their money, analysts say. Since the beginning of the year, 785...

Reporting record earnings in the first half of 2021 that surpassed even pre-pandemic levels, German auto major and Europe's largest carmaker Volkswagen increased its profit margin target for the second time in less than three months.   A slew of targets and deals for the current year that...

Mastercard has launched a programme to support cryptocurrency and blockchain start-ups. Seven projects have already joined and will have access to "collaboration opportunities, knowledge and tools for growth". Mastercard has announced the launch of a programme to support fast-growing companies that...

AfriCrypt claimed it was a target of hacker before its founders disappeared while later investigation found that “the firm laundered its holdings in the form of Bitcoin”. Cryptocurrencies are in the process of creating a place for themselves in the economy, many reasons are in their favour while...

China's antitrust watchdog has ordered IT holding company Tencent to give up its exclusive agreements with music rights holders. It fined the company more than $77,000 for violations in its takeover of China Music and ordered it to report on compliance within three years. China's State...

Tencent Holdings Ltd will no longer be able to make exclusive music copyright agreements under orders from China's market regulator, while the company would also have to face a fine for engaging in unfair market practices in the online music market which it allegedly had started following its...

A latest fund raising round led by investors Amazon.com Inc, Ford Motor Co and T. Rowe Price helped electric car startup Rivian to raise $2.5 billion, the company said on Friday.   An announcement of Rivian exploring options of setting up a second vehicle assembly plant in the United States...