Rivian Automotive Inc took back price rises on electric vehicles ordered before March 1, days after receiving negative feedback from consumers following a 20% price spike.   Preorder prices will revert to the former pricing on March 1, and consumers who cancelled purchases can have them...

As the impact of sanctions in the aftermath of Russia's invasion of Ukraine ripples across the international airline sector, Boeing (BA.N) announced it was halting parts, maintenance, and technical assistance for Russian airlines.   The news came late Tuesday, as aircraft and engine makers,...

Energy giant Exxon Mobil has decided to desert its Russian oil and gas operations, which the company said was valued at more than $4 billion, over the Russian invasion of Ukraine. The company also announced suspension of all new investments in the country over the same issue.   Exxon will no...

Analysts predict additional Western firms to depart the Russian market after two of the world's largest oil corporations, BP and Shell, did so on Monday, abandoning multibillion-dollar assets in the aftermath of Russia's invasion of Ukraine.   Shipments have been blocked, relationships have...

In a sudden turn of events, the CEO of Toshiba Corp, Satoshi Tsunakawa, resigned, the Japanese conglomerate said. This sudden move comes after reports of a revised restructuring plan of the company surfaced that reportedly faced opposition from within the company as well as anger from shareholders...

Two of the largest logistics companies of the world, United Parcel Service Inc which is based in the United States, and FedEx Corp anocuned on Monday that they would be stopping their delivery services to Russia and Ukraine because of the current conditions created by the invasion of Ukraine by...

John Lewis, a British department store chain, has said that it will end its "Never Knowingly Undersold" pricing guarantee, which it has maintained since 1925.   The pledge states that the John Lewis, which is owned by its employees. would match the price on like-for-like branded...

The French auto giant Renault's local divisions in Russia has said that some activities at its automobile assembly factories in the country would be suspended next week owing to logistics constraints that have resulted in component shortages.   The action follows Russia's invasion...

Berkshire Hathaway Inc, headed by Warren Buffett, reported record profits for the fourth-quarter profit on Saturday, buoyed by increases in several of its businesses and common stock investments such as Apple Inc, and said yearly earnings hit a new high.   Berkshire also demonstrated...

Google, which is controlled by Alphabet Inc., on Saturday prohibited Russia's state-owned media outlet RT and a number of other channels from collecting money for advertisements on its websites, apps, and YouTube videos over the Russian invasion of Ukraine. This followed a similar decision taken by...

The world's largest producer of personal computers, China's Lenovo Group, reported a 62 per cent surge in its profits for its third quarter which reached an all-time high of $640 million on Wednesday. The record performance of the company was driven by the growing trend...