According to reports citing sources, Shell is in talks with a group of Indian energy companies to sell its part in a major liquefied natural gas plant in Russia that the British giant abandoned following Moscow's invasion of Ukraine.   The consortium's possible interest in the Russian...

Pfizer Inc announced on Wednesday that it will make all of its patented medications, including the COVID-19 therapy Paxlovid and the popular breast cancer drug Ibrance, available at a not-for-profit price to 45 of the world's poorest countries.   These countries do not have easy access to...

KKR has secured $1.1 billion for financing its first Asia credit fund, which provides loan financing to businesses. This is one of the largest first-time fundraisings in Asia Pacific, according to the US private equity giant.   Private credit funds have grown in popularity in Asia in...

Chip making giant Broadcom Inc is currently holding negotiation to acquire cloud service provider VMware Inc, said report quoting sources with knowledge of the matter. If this deal goes through, it would help turn the chipmaker into a diversified tech company.   The sources quoting in the...

Elon Musk has established a reputation for himself and Tesla by breaching the rules, but the billionaire's latest remarks on politics, as well as a charge of sexual harassment against him that he claims is false, may damage the brand of Tesla and himself as believed by some Tesla customers and...

Sona BLW Precision Forgings, an Indian auto parts manufacturer, expects electric vehicle (EV) components to account for two-thirds of its income in the next years, as automakers in India as well as the rest of the world sped up to manufacture more environmentally friendly vehicles, according to the...

McDonald's Corp said on Thursday that it is selling its restaurants in Russia to one of its current local licensees, who would rebrand them under a new name, putting an end to more than three decades of the "Golden Arches" in the nation.   In Russia, the world's largest burger company...

Meta Platforms CEO Mark Zuckerberg stated at WhatsApp's messaging event on Thursday that the firm is giving free cloud-based API services in an effort to entice more businesses to use the app.   Facebook-owned Meta has released new commerce and business-focused services on numerous...

Target Corp's quarterly earnings halved and the company warned of a greater margin impact due to rising fuel and freight costs on Wednesday, sending the stock down 21 percent in a clear hint that investors no longer believe major U.S. retailers will be immune to inflation.   Even while both...

Japan's economic security minister, Takayuki Kobayashi, has stated that foreign investors will not be barred by the government from purchasing industrial giants of the country such as Toshiba Corp if the foreign investors follow laws that govern the handling of critical infrastructure and...

As oil and gas prices rise around the world, Saudi Aramco has reported its greatest profits since its 2019 IPO. Profits at the state-owned energy company increased by 82 per cent in the first quarter, hitting $39.5 billion.   The company said in a press release that higher prices and...