The last time that Renault SA, Nissan Motor Co and Mitsubishi Motors Corp had announced their combined strategy plan, for their Alliance in September 2017, the auto makers had set their targets at becoming the global leader in the industry by 2022.   This time however when the companies...

33 more Chinese companies and entities will be added by the United States to the so called blacklist of the Department of Commerce over allegations that those firms and institutions were engaged in aiding the Chinese government to spy on the Uighur population of China or were involved in any way to...

The French auto giant Renault could disappear if it didn’t get help soon, warned a French minister on Friday. On the very same day, a Japanese news report claimed that Japanese car making giant Nissan was planning to cut about 20,000 jobs – many of which will be in Europe. This was a twin blow for...

Google will no longer building customized artificial intelligence (AI) tools specifically for the oil and gas sector companies that can help them to produce fossil fuels all over the world, the tech giant has pledged.   This announcement was made by the company after a report was published...

A plunge in its demand for its cars even before the novel coronavirus pandemic hot the world economy is forcing Japanese legendary auto maker Nissan Motor Co to consider reducing about 20,000 from its global workforce according to a report published by Kyodo news on Friday, these efforts would be...

Following orders from courts in the United States to pay up billions of dollars in lost legal battles over charges that the talcum-based baby powder contains ingredients that cause cancer, Johnson & Johnson said that it will stop selling the baby powder in the US and Canada.   This was...

The newly combined wealth business in Asia Pacific of HSBC Holdings PLC is expected to achieve double-digit asset growth over the next three years, the company said. In an interview to the media, the unit’s regional head said that the company aims to increase its market share in this business...

In its efforts to become profitable, Uber Technologies Inc plans to completely focus on its core business if ride hailing and food delivery, said the company’s  chief executive officer Dara Khosrowshahi said in an email to employees. He also informed that the company will cut down on about 23...

Taiwan Semiconductor Manufacturing Co Ltd, (TSMC) has announced the setting up of a chip factory in Arizona, United States, with an investment of $12 billion. The company called this decision its way of establishing a "strong partnership" with the US government.   TSMC’s decision, the...

The German airline group Lufthansa is drawing up plans to commence flights to a number of destinations including those to Los Angeles, Toronto and Mumbai and plans to restart the routes starting next month. This is the first move of the major airline of the world to restore some of the capacity...

With the onset of the novel coronavirus pandemic, there has been an explosion of demand for crucial goods like hand sanitizer and N95 masks particularly on online platforms like Amaozn.com. That surge in demand also prompted many suppliers to inflate prices of these goods. In context of this...