In its efforts to start a “full-function” studio in Shanghai or Beijing and thereby design electric cars that are specifically suited to fulfil Chinese consumer tastes, United States based electric car maker Tesla is searching for a design director in China, claimed a report published by the news...

Google Play Store’s rules on loan repayment lengths aimed at protecting vulnerable borrowers have been violated by at least 10 Indian lending apps on the Store. These apps have been downloaded millions of times, claimed a Reuters report based on analysis of such services and more than a dozen...

A total of $5.6 billion was shaved off the value of their Hong Kong-traded shares for three Chinese telecom companies at the end of last week after the stocks of three companies were announced to be dropped off from their benchmarks by the index providers MSCI Inc, FTSE Russell and S&P Dow...

Following a telecast by a local broadcaster of South Korea that discussions were being held for a tie up about an electric car and car battery between the South Korean auto giant Hyundai Motor Co and the United States based iPhone maker Apple Inc, the auto giant confirmed that it was in early but...

Bernard Arnault, the son of the founder of LVMH has been installed in a new leadership position at Tiffany on Thursday following the conclusion of the $15.8 billion acquisition of the United States jeweller by the French luxury goods group.   Two executives from its Louis Vuitton handbag...

The value of the company that has developed and runs the children's online gaming platform Roblox has skyrocketed during the novel coronavirus pandemic season.   With the company raising $520m in private capital in a funding round earlier this week, the market value of the company reached a...

Even as the Chinese regulators are conducting investigations into its business practices, plans of raising at least $5 billion through the sale of a U.S. dollar-denominated bond this month ha been made by China’s Alibaba Group Holding Ltd, according to a report by the news agency Reuters quoting...

Faced with a huge pressure from investors to stage a turn around of its business, the Japanese auto manufacturer Nissan Motors has decided to significantly reduce its presence further in the European market. The Japanese auto maker has also decided to outsource the sales and manufacturing of its...

After the end of the unsuccessful joint venture talks with the United States auto maker Ford Motor Co, India’s auto giant Mahindra & Mahindra Ltd has now decided to go alone and focus on further development of its core portfolio of sport-utility vehicles (SUVs) and the electric versions of the...

According to a report published by the news agency Reuters based on an internal company post viewed by the news agency, the chief of advertising integrity of the social media giant Facebook, whose responsibility included appropriate handling of the ad products of the company related to sensitive...

China’s digital payments giant Ant Group has been asked by China's central bank to bring in changes to its lending and other consumer finance operations in the latest blow by Chinese authorities to the billionaire founder and controlling shareholder Jack Ma of the company, the central bank...