Forecasting growth in demand for its products during the crucially important holiday season, its annual sales and profit forecast were raised by Walmart Inc earlier this week, even as the largest retailer of the world saw its margins for the third quarter being hit by global supply chain...

For the quarter ending December 31, a fall of 15 per cent in its revenue from its key smartphone business is expected by Taiwan's Foxconn, which is the main assembler of iPhones for Apple, the company said on Friday.   The revenue outlook for 2022 needs to be made cautiously, said the...

The pace of growth in sales during its annual Singles' Day shopping spree was the slowest for the company in its history, said Alibaba Group Holding Ltd on Friday.   According to analysts, this performance of the Chinese e-retailing giant underscores the severe regulatory challenges being...

Following a period of two years of a development project with its partner company and its largest shareholder Toyota Motor Corp, its first all-electric vehicle (EV), the Solterra, was unveiled by Japan's Subaru Corp on Thursday.   This launch of its electric sports utility vehicle (SUV)...

Walt Disney is set to get into the so-called metaverse.   The entertainment conglomerate Walt Disney is getting ready to venture into the virtual reality world that was initially only imagined in science fiction said the company’s CEO Bob Chapek.   Since Facebook announced the aim of...

Roche's strategy of buying back almost one third of the stocks with voting rights from rival Swiss drug maker Novartis, worth a total of about $20.7 billion, will allow the company to exercise a higher level of strategic flexibility, according to Roche's Chairman Christoph Franz.   Roche...

Ways for content creators to generate money using Facebook Groups, is being investigated by the social media company Facebook, aka Meta Platform, which includes ways such as users paying charges for accessing exclusive content or participating in conversations within subgroups.   The test...

Resurgence in travel and tourism globally because of rising rates of Covid-19 vaccinations in the last three months of the current year would drive growth for the company next year, said the short-term home rental company Airbnb Inc, as it reported better than expected revenues for its latest...

The German carmaker Volkswagen is set to invest in a fund that is backed by the European Union which was set up for jointly supporting startups dealing with the development and implementation of energy transformation technologies, as a part of the strategy of the company to broaden its going green...

More customers chose to continue to play marquee titles such as "FIFA 22" and "Grand Theft Auto V" even after the lifting of the pandemic induced lockdowns, which prompted Electronic Arts Inc and its competitor Take-Two Interactive Software Inc to increase their adjusted revenue projections for the...

Ryan Gunnigle, the United States based toymaker, is worried about gluts, even while the rest of the industry is worried about the supply-chain issues - from jammed ports to empty store shelves.   "Customers are just flinging crazy orders right now, so it's hard to determine the real level of...