After struggling for years to make profits amid stiff competition, a majority stake in Japanese supermarket chain Seiyu is to be sold to investment firm KKR and e-commerce company Rakuten in a deal worth more than $1 billion.   There were speculations over the possibility of the United...

The US business of Spanish lender BBVA will be acquired by PNC Financial Services Group Inc in a deal worth $11.6 billion in cash which would help the company to further strengthen its position in the United States market, PNC said on Monday.   Since the 2008 financial crisis, this will be...

Negotiations are currently on going between the ride hailing firm Uber Technologies Inc and self-driving car startup Aurora for selling of the formers’ autonomous driving unit called Uber Advanced Technologies Group (ATG), according ot reports in the media quoting sources who have knowledge of the...

A rolling review of Moderna's Covid-19 vaccine candidate has been started by authorities in Switzerland so that the regulators are able to grant a speedy approval of the vaccine if the vaccine candidate reveals good results in the clinical trials, said the country's drug regulator on Friday....

With a renewed surge in novel coronavirus infections in the United States and amidst the setting of "COVID fatigue" among the population, fast food chain McDonald's Corp will inspect all its restaurants in the country to make sure that the safety standards and protocols to prevent the spread of the...

According to a report published by the Wall Street Journal reported on Thursday about the Chinese tech giant Ant Group's record $37billion initial public offering, the decision to prevent the floating was personally taken by China's President Xi Jinping.   The public listing of the company...

An order by a Pennsylvania judge delivered on October 30 that blocked the United States government from imposing restrictions on the Chinese owned short video sharing app TikTok that were set to take effect on Thursday has been appealed against by the government, said the US Justice Department....

German auto giant Volkswagen AG is expanding the reach of its trucking business in North America. The company has announced a deal worth $3.7 billion in which its truck unit Traton SE will be purchasing the outstanding shares of United States based truck maker Navistar International Corp. The two...

There will be strong demand for the new iPhone 12 during the holiday quarter, forecast Apple supplier Foxconn while also stressing that its process of investments in the United States will continue according to schedule. The company also said that it is looking to make new products in the country....

The new normal of remote working and working from home forced on the world because of the novel coronavirus pandemic has benefitted it, said China's Lenovo Group, the biggest PC maker of the world, while it reported quarterly profits which were much better than what analysts were expecting.  ...

Chip maker Qualcomm Inc predicted growth of sales of 5G smart phones will reach more than half a billion units next year, partly because of the spurt brought about by  new Apple Inc iPhone 12 models while the company forecast estimate beating revenues for its fiscal first quarter.   The...