An antitrust investigation against Alibaba Group has been launched by Chinese regulators and will summon executives from the group’s Ant Group in the coming days, the regulators said on Thursday.   This is a further action taken against the company founded by the billionaire entrepreneur...

A United States based startup called Ouster Inc, which manufactures lidar sensors for self-driving cars and smart cities is set to go public through a merger with special purpose acquisition company (SPAC) Colonnade Acquisition Corp, the company said. According to the deal for the public listing,...

According to reports quoting sources, Apple Inc is planning to continue to press ahead with development of self-driving car technology and has set a target of 2024 to develop a passenger vehicle w3hihc could be made with its own breakthrough battery technology.     Since 2014, the...

Negotiations for taking up a stake in the mobile games publisher CMGE Technology Group by China’s ByteDance is currently going on between the two companies as the Chinese firm, the owner of the short video sharing app TikTok, tries to create another source of revenue and growth for the future....

A program to remove telecom network equipment that the United States government claims is a threat to its national security worth $1.9 billion will be supported by US lawmakers. That program will be a part of the $900 billion Covid-19 relief package, said reports quoting sources with information...

A record $20m settlement fee was paid by the virtual scrapbook company Pinterest for settling a gender discrimination lawsuit that was filed by a female executive. The executive gad alleged that that she was fired after “speaking out about the rampant discrimination, hostile work environment, and...

The sale revenues for the entire current year would likely be better than the company had previously expected, the sportswear company Nike Inc said on Friday. The company also reported a third quarter of a surge in its online sales buoyed by growing demand for outdoor sportswear by consumers during...

The 114 year old British engine-maker Rolls-Royce is facing one of the biggest challenges in its history because of the novel coronavirus pandemic.   In order to ride through the global grounding of planes, 5 billion pounds ($6.8 billion) was raised by the Airbus and Boeing supplier of...

The importance of the Chinese market for high-end brands that are seeking a way out of the novel coronavirus induced slump was underscored by the decision of the global fashion label Gucci to open up two flagship stores on Alibaba’s online luxury shopping platform.   Owned by the French...

A lawsuit was filed against the United States based tech giant Google by Texas and nine other states over charges that the company was working in partnership with the social media giant Facebook Inc in an illegal manner and violated antitrust law to further expand its online advertising business...

Japanese auto manufacturer Honda Motor Co is set to launch four separate campaigns, including some that are linked to reported fires of its vehicles, in order to implement a global recall of more than 1.79 million vehicles of the company.   About 1.4 million of those vehicles that are slated...