GlaxoSmithKline agreed to a $1.9 billion deal to buy U.S. medicine producer Sierra Oncology on Wednesday, the latest step to fight off activist shareholder Elliott.   Since Elliott purchased a major interest in GSK last year, the business has been under increasing pressure to improve its...

Tesco, the largest retailer of the United Kingdom, has forecast a profit decline this financial year as rising inflation puts pressure on both the grocery chain and its customers.   The company's stock, which controls more than 27% of the UK food market, plunged 5 per cent in early Wednesday...

Honda Motor Co Ltd of Japan announced on Tuesday that it expects to invest $64 billion on research and development over the next decade, with the goal of launching 30 electric car models globally by 2030.   It also hopes to produce 2 million electrified vehicles per year by 2030. The plan is...

Meta Platforms, which owns Facebook, is starting to test tools for selling digital assets and experiences through its virtual reality platform Horizon Worlds, according to the social media giant.   The tools will first be offered to a select group of customers who are producing virtual...

Mercedes-Benz announced the opening of a new 200 million euro ($217 million) software centre in Sindelfingen on Friday. This is the company's latest investment in its strategy of enhancing its in-house software skills and expertise which in turn is a part of its strategy of trying to bring its own...

Flipkart, Walmart's Indian e-commerce subsidiary, has boosted its IPO valuation aim by approximately a third to $60-70 billion, and now plans to list in the United States in 2023 rather than this year, according to two sources with direct knowledge of the plan.   According to Reuters,...

According to Reuters, news of Tesla CEO Elon Musk gaining a board seat at Twitter has some Twitter employees concerned about the social media company's ability to police content.   Within hours of the stunning announcement this week that Musk, a self-described "free speech absolutist," had...

JetBlue Airways has made an unsolicited $3.6 billion bid for Spirit Airlines, putting the ultra-low-cost carrier's merger plans with Frontier Group Holdings in jeopardy.   JetBlue CEO Robin Hayes said the transaction will give the New York-based airline a stronger rival to the so-called...

Samsung Electronics Co Ltd is projected to report its biggest first-quarter profit since 2018, according to analyst forecasts, propelled by strong memory chip profits as strong demand kept prices firmer than expected.   According to a Refinitiv SmartEstimate from 13 analysts, operating...

US based electric car maker Tesla Inc reported record electric vehicle deliveries in the first quarter, generally surpassing analyst expectations, while production decreased from the previous quarter due to supply chain issues and the suspension of a China facility.   "This was an...

Long-time labour supporters were shocked and excited by Amazon workers' decision to organise its New York warehouse, and a new reality is dawning: it can be done, though it won't be easy.   The news that the nation's second-largest private employer will be getting its first-ever union...