Alphabet's Google has reached an unprecedented settlement with France's antitrust watchdog as the company agreed to bring in changes to a part of its widely-used online advertising services globally.   The French antitrust authority had slapped a fine of €220 million ($267.48 million) to the...

China’s Huawei Technologies started to roll out its newly made and proprietary operating system called the Harmony operating system (HarmonyOS) for smartphones starting Wednesday. This is a part of the efforts of the embattled company to recover from the hit to its smartphone business because of...

China's CATL is continuing to expand at a frantic pace and is now planning to set up a major new automotive battery plant in Shanghai, in China, said a report published by the news agency Reuters. The completion of the factory will make the company the leading supplier of auto batteries in the...

If the luxury carmaker Porsche AG comes to decide to separately listed on a stock exchange, a direct stake in the luxury car maker could be taken by the Porsche and Piech families, who control Volkswagen's largest shareholder said reports quoting sources with knowledge of the matter.   If...

Placing its bet on the continuation in the growth in demand for sustainable fashion, the Swedish online second hand retailer Sellpy is expanding into 20 more countries in Europe.  A majority stake in the company is owned by the fashion giant H&M.   This was announced by Sellpy on...

Allegations of unpaid wages, unlawful overtime and threatening of foreign workers at its Malaysian factory are being faced by the American tire manufacturer Goodyear Tire & Rubber Co, showed court documents and complaints filed by workers according to a report published by the news agency...

The head of airline industry trade group of the United States Airlines for America (A4A) said in a letter to lawmakers that during 2020, a total of $12.84 billion in cash refunds was given by 11 airlines of the country to customers because of the Covid-19 pandemic that had virtually stopped air...

The top pension official of the New York state said on Friday that the largest e-retailer of the world Amazon.com Inc needs to conduct a review about the manner in which is addressing racial justice and equity. This comment came following a strong backing won by a shareholder proposal on the topic....

It will take at least two more years before car sales can inch back to their pre-pandemic peaks, said India’s Mahindra & Mahindra expects, even though the company’s chief said that the recovery prospects could be hurt by a slow pace of vaccinations.   The number of passenger vehicle...

The number of combustion engine models in its portfolio will be slashed by the South Korean car maker Hyundai Motor Group in order to free up resources which can be used for making electric vehicles (EVs), said recent reports quoting source information.   The company plans to reduce the...

More than 200 billion yen ($1.8 billion) will be jointly invested by the Japanese car maker Nissan Motor and a Chinese-owned battery maker for building new battery plants for electric vehicles in Japan as well as in eth United Kingdom, said a report published by Nikkei.   According to the...