South Korean electronics giant Samsung Electronics Co Ltd confirmed previous reports and estimates of its first-quarter profit on Wednesday, saying that it expects its profits for the period to rise grow by 44 per cent as analysts attributed the rise to surge in sales of smartphones and TVs even...

The Japanese investment firm SoftBank is set to acquire a 40 per cent stake in the robotics company AutoStore System in a deal that is worth $2.8 billion, the Japanese company said. AutoStore System is engaged in the specialised area of development of robotics for warehouses.   A range of...

United States based electric car maker Tesla Inc reported record deliveries for the January to March quarter which comfortably beat estimates of analysts at Wall Street driven by a very a strong demand for its less expensive models which helped the company to overcome the hit of a shortage of parts...

There was likely a 45 per cent growth in the profits of the South Korean electronics giant Samsung Electronics Co Ltd for the January-March quarter driven by increased sales of smartphones, TVs and home appliances.   The chip business of the company however is expected to report a slash...

Workers in six Amazon sites in Germany were called to go on a strike by the country’s trade union Verdi for four days in the attempt of the unions and workers to force the largest e-commerce company of the world to accept and recognise collective bargaining agreements.   An "unofficial...

The Facebook page of the Venezuelan President Nicolas Maduro has been frozen by the social media company over charges of violation of its policies of spreading misinformation about Covid-19 as he promoted a remedy that he claimed was able to cure the disease but presented no evidence to back it up,...

Japanese auto major Honda will be selling off its only factory in the United Kingdom at Swindon in southern England to the logistics firm Panattoni, said a spokesman of the company.   According to reports, the new owner of the factory also has plans to make a big investment  at the huge...

According to experts, investors will have to consider the uncertainty about the future of demand for office space in a pandemic environment globally where work from home is becoming the norm and poses a threat to the business model of WeWork, as this United States based office space renting startup...

Within the last few days, billions in market value have been collectively lost by China’s dual-listed tech giants — Alibaba, Baidu, JD.com, and Netease. These losses came after new threats of the companies being delisted from United States stock exchanges emerged a few days ago.   According...

Following Chinese internet users laying hands on a statement from the sporting goods giant Nike in which it had said that was "concerned" about reports emerging from Xinjiang province in China of forced labour and stressing that it does not source raw materials from that Chinese region resulted in...

After having indicated a couple of months ago about allowing customers to pay for its cars in crypto currencies and itself purchasing bitcoin worth $1.5 billion, the United States based electric car maker Tesla announced on Wednesday that the company’s customers can now actually use the number 1...