While filing its IPO prospectus with regulators, the e-commerce marketplace Wish also gave investors enough reason to be sceptical because of the company’s overreliance on China.   A variety of discounted products, ranging from cheap home-wares and apparel to electronics and toys is offered...

Propped up by strong demand for China, plans of doubling up the sale of its luxury Maybach vehicles are being drawn up by carmaker Daimler.   A record number of 12,000 luxury Maybachs was sold last year by Daimler, which also owns the luxury car brand Mercedes-Benz. Maybachs’ most popular...

United States based the popular tween gaming platform Roblox us all set to go public and has filed papers for that purpose.   In the nine months ending in September, revenue of $589 million and an operating cash flow of $345 million were reported by the company.   According to the IPO...

Damages of $120 million to a Brooklyn woman and her husband were ordered to be paid against Johnson & Johnson by a New York state judge. The woman had pinned the blame for her cancer on the exposure to asbestos from the use of Johnson & Johnson’s baby powder.   Previously, a jury had...

When the next generation of airplanes are designed and developed by the air plane markers Airbus SE and Boeing Co, they are expected to try and develop and use hybrid electric technology because there are limits to the extent to which the current engines can be improved in terms of fuel efficiency...

The most infamous aircraft of the world, the Max 737, is now the key for recovery of the manufacturing might and financial fortunes of Boeing Co.   Whether travellers and airlines renew interest in the best-selling plane of the company after two deadly crashes, will in a large part, decide...

United States based auto maker General Motors (GM) will now press on the acceleration peddle for an "all out pursuit of global EV leadership" as it aims to challenge the leadership of Tesla in this sector with an increase in investments and spending and speeding up the process of electric vehicle...

Three of its business units will be divested by the Swiss engineering company ABB which together generates an average of $1.75 billion in sales annually which is equivalent to about 6 per cent of its total global annual revenues, the company said on Thursday.   Days prior to the first...

The first major European bank that has paid the full dividend for last year despite the upheaval to economics and businesses cause by the novel coronavirus pandemic was UBS. On Thursday, shareholders of the lender   approved payment of dividend of the second half of its 2019.   A...

The American retailer Target Corp’s quick delivery services attracted a large number of customers who purchased everything from electronics to home goods during the Cvoid-19 pandemic which helped the company to easily surge past the expectations of analysts for same-store sales for the latest...

The peer to peer home rental startup Airbnb Inc had turned up a profit in the third quarter despite the pandemic hit to the travel and tourism industry, showed data from the company’s initial public offering (IPO) registration.   Its IPO is amongst the most anticipated stock market debuts in...