Following the delay in the completion of a new greenfield mine at Gudai-Darri due to a shortage of labor market in Western Australia forced the mining giant Rio Tinto Group to trim down its iron ore shipment forecast for 2021 on Friday.   "It has been another difficult quarter operationally...

Offshore bondholders of China Evergrande Group are concerned that the company is on the verge of defaulting on debt payments, and they want more details and openness from the cash-strapped property developer, according to their advisers.   Evergrande, which is grappling with debts totaling...

REC Solar Holdings has been acquired from China National Bluestar (Group) Co Ltd. by India’s Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), in a deal worth $771 million in cash, RNSEL said on Sunday.   The RIL aims to become a net...

Since there has so far been a little clue about how local authorities and regulators plan to prevent a contagion that could ensue after a possible collapse of the cash-strapped and heavily indebted China Evergrande, there was a slump on Friday of Chinese property developers' bonds and shares....

Environmental groups in Germany are up in arms against local authorities granting special permission to Tesla founder and CEO Elon Musk for hosting a county fair in the small town of Gruenheide this Saturday. According to reports, local authorities have bucked a pandemic-related curb of allowing...

The top American automaker General Motors Co has set a target of doubling its revenue by 2030, company’s Chief Executive Mary Barra told investors on Wednesday, by increasing its profits from combustion vehicles while also introducing new electric vehicles and digitally powered services to catch up...

The Swedish flat-pack furniture giant IKEA is planning to buck the global supply chain issues being faced currently by all industries as the company now aims to shift more of its production activities to Turkey so that it faces minimal issues in quickly supplying its products through the global...

In order to satisfy the European Union antitrust body to allow its acquisition of the British chip designer Arm, semiconductor chip maker Nvidia has offered concessions to the regulator, according to a filing by the company to the European Commission on Wednesday.   Since the announcement of...

The electric truck maker Rivian Automotive intends to produce battery cells in-house, showed the content of its application for a U.S. initial public offering on Friday. The company presently obtains batteries from South Korean supplier Samsung SDI.   It own battery cells would be used by it...

Google is used by billions of people because they consider it the best, and not because of any arrangements or deals that the firm struck to stay competitive, Alphabet’s Google's lawyer said on Friday, capping up a week of hearing as the United Stets based internet giant battles a record $5 billion...

AstraZeneca has set its eyes on intensifying its emphasis on rare-disease medicines. On an earlier occasion, the pharma company that also came out with a Covid-19 vaccine in partnership with Oxford University, had acquired Alexion Pharmaceuticals and on Wednesday the company announced its move to...