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Ford Appeals To US Patent Office To Annul GM’s Trademark Of The “Cruise” Word

Ford Motor Co sought to escalate its battle with General Motors Co which had sued Ford for allegedly using the term "Blue Cruise" for an automated driving system with Ford saying it will approach the United States Patent Office with a plea to annul the trademarks that have been granted to rival GM...

Lacklustre Public Debut For South Korea's Krafton Of PUBG Fame

The stock market debut of the maker of the blockbuster video game "PlayerUnknown's Battlegrounds" (PUBG) - Krafton Inc, which is supported by China’s Tencent Holdings, was not as good as expected as the stocks of the company declined by 20 per cent from their price offered at the initial public...

Delivery Hero Will Expand In Germany Following Return To Berlin

After quitting its home market of Germany three years ago, the delivery platform Delivery Hero has re-entered the market and is now set to expand its business there. On Tuesday, the company said that it would be rolling out its food and grocery delivery services in more German cities this autumn...

Saudi Aramco Triples Net Profits For Q2 Due To Higher Prices And Demand Rebound

An increase in global oil prices and global oil demand helped Saudi Arabian state oil producer Aramco to report four times growth in net profits for its second quarter comfortably beating estimate of analysts.   Its estimate beating results were driven by easing of Covid-19 restrictions...

New Hybrid-Focused Venture To Be Set Up Between France's Renault And China's Geely

A year after the French car maker Renault SA closed down its operations in the Chinese market, the company has now decided to try and revive its business there through a hybrid vehicle joint venture with Geely Holding Group, said the French auto giant.     A framework agreement to set...

Consumer Business Decline Results In Huawei Reporting Biggest Ever Revenue Drop

The sanctions imposed on the Chinese telecommunications giant Huawei Technologies by the United States forced the firm to sell a chunk of its once-dominant mobile handset business prior to the company being able to appropriately develop new growth areas which resulted in the company reporting its...

Climate Advocacy Group Founded By It Suspends Exxon

The Climate Leadership Council (CLC), an international body that seeks to formulate policies for addressing climate change, suspended Exxon Mobil Corp from its advocacy group, the CLC said.   According to analysts, this latest move by the CLC was a result of an Exxon lobbyist saying that the...

Moderna Claims 93% Efficacy For Its Covid-19 Shot After Six Months Of Second Dose

Its Covid-19 vaccine was about 93% effective through six months after the second dose, said Moderna Inc on Thursday and the study by the company has shown that there was hardly any change in the 94% efficacy that was reported in the original clinical trial of the vaccine.   In comparison,...

Renault Forecasts Profits For 2021 Despite Chip Crunch And Higher Raw Material Costs

Even in the face of a global shortage in semiconductor chips and rising raw material costs curbed its car production, French carmaker Renault said it expected to be able to deliver profits for the full year of 2021.   The French company said its expected loss to production because of the...

Amazon Forecasts Continued Slowdown In Growth Despite Record Quarterly Profits

With the rollout of Covid-19 vaccines allowing customers to venture more outside the home and shop at physical stores more than during the pandemic, a warning of a slow down in sales growth in the next few quarters was issued by Amazon.com Inc on Thursday.   This coincides with Andy Jassy...

France's BNP Sees Profit Growth With Pandemic Blow Cushioned By The Government

Unprecedented support from the French government to keep the economy afloat during the coronavirus pandemic benefited the country’s biggest listed lender BNP Paribas as it cut down on provisions for unpaid loans.   Banks across Europe have been able to shield profits as borrowers were able...

Uber Shares Fall After Reports Of Offloading 45 Million Shares By SoftBank

Following reports that the Japanese investment firm SoftBank, one of the major investors of the ride hailing company Uber, was set to sell off about one third of its stake in the country, the shares of the United States based tech startup dropped significantly.   Recent reports quoting...
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