According to a Walmart executive, it could take a several years for the Flipkart marketplace and PhonePe digital payments platform to make their initial public offerings.   Dan Bartlett, executive vice president for corporate affairs at Walmart, stated late on Thursday, "This is something...

After five years without using the term "Big Mac" for poultry products, the European Court of Justice ruled on Wednesday that McDonald's does not hold the exclusive right to use it. This decision gives Irish rival Supermac's a partial victory in the ongoing trademark battle with the American...

According to people with firsthand knowledge of the project, TikTok is developing a clone of its recommendation algorithm for its 170 million American users. This might lead to a version that runs independently of its Chinese parent and is more acceptable to US politicians who wish to outlaw the...

Japanese electronics firm Sony has highlighted the strength of user engagement with its gaming platform as the PlayStation 5 console sales taper off and businesses in the industry search for recurring revenue stream.   Thanks in part to add-on services and content like PlayStation Plus, PS5...

As consumers update their systems, HP Inc.'s second-quarter sales topped Wall Street projections on Wednesday, indicating a rebound in the personal computer (PC) industry.   Similar to other PC manufacturers, HP had a spike in sales during the pandemic as people stocked up on electronic...

Next week, a South Korean Samsung Electronics union will stage its first-ever walkout in protest over pay demands, according to union leaders, who made the announcement on Wednesday.   As part of larger protest actions, the National Samsung Electronics Union (NSEU), which has around 28,000...

Anglo American on Wednesday turned down BHP Group's desperate plea for an extension to review its $49 billion acquisition bid, calling it too complicated and probably signalling the end of the larger rival's five-week chase.   Anglo had rejected a third acquisition bid, which it deemed too...

Data from a research organisation associated with the Chinese government shows that Apple's smartphone sales in China increased 52% in April compared to the same month last year, continuing a recent upward trend.   The increase comes after the American tech giant underperformed in the...

The commercial subsidiary of Alibaba said on Monday that football player David Beckham will serve as a brand ambassador for AliExpress, the company's worldwide e-commerce platform, in the largest global relationship to date.   The agreement is made against the backdrop of the fast worldwide...

The $56 billion compensation proposal for Tesla CEO Elon Musk, if approved, would be the highest pay package for a CEO in corporate America, according to a statement made on Saturday by proxy consulting company Glass Lewis.   The "excessive size" of the compensation package, the dilutive...

Saudi Arabia is preparing to sell billions of dollars' worth of shares in the energy giant Aramco as early as June in what would be one of the largest stock sales in the area, according to a Reuters report based on information from two persons familiar with the situation.   One of the...