After a press report about foreign prisoners who were victims of forced labour, were used for packaging Christmas cards made by a Chinese factory, the British supermarket giant Tesco suspended ties with the Chinese supplier on Sunday. The matter came to light after a customer of the cards found...

An investment plan of 5 billion euro ($5.54 billion) in Italy along with assurances for job security has been given by the Italian carmaker Fiat Chrysler after its merger with the French rival PSA, said the workers’ union at Fiat following a meeting with the management of the company.   The...

The first test flight of Boeing’s Starliner spacecraft did not manage to achieve its mission – successfully reaching the International Space Station. The launch which took place from Cape Canaveral in Florida according to schedule on 20 December did make it successfully into an orbit around Earth...

Nike investors are apparently not happy with the company’s earnings even after the share price of the company touched a record high on Thursday.   After the company announced fiscal second quarter results that easily beat the market estimates, the shares of the company went down in late hour...

In a landmark ruling, a Paris court held the French telecoms group Orange and its former CEO Didier Lombard guilty of “moral harassment” resulting in a number of suicides in the company during a period in the late 2000s when the company was undergoing a restructuring.   According to analysts...

The advertising watchdog of the United Kingdom has ruled that it was preventing British American Tobacco (BAT)’s all forms of advertisement of its e-cigarettes on all of the public accounts on Instagram which would also include the accounts of some of the social media influencers that it has...

The 2019 year is set to wend on a high note for the European aircraft manufacturer Airbus as all of the major civil aircraft programmes of the company are currently on course to record a book-to-bill ratio above one. This was announced by the chief commercial jet salesman of the company Christian...

Five big oil companies of the United States and Europe are being put under pressure by an activist group by putting through shareholder resolutions which demand that the companies do more so that they meet the goals and objectives of the Paris climate accord and reduce carbon emissions from their...

In the latest twist to the planned merger of PSA and Fiat Chrysler, a unique demand has been put forward by French shareholders: the companies should ensure that after the merger, they will continue to have a numerical advantage on the new board for the new company in the eventuality that the exit...

It has been over a year that a content oversight board is being attempted to be set up by the largest social media platform Facebook.   While the company earlier shared a charter that outlined the new rules for content, its founder and CEO Mark Zuckerberg has also outlined his vision or the...

Following a meeting between the Boeing Chief Executive Dennis Muilenburg and senior US officials from the United States aviation regulator - the Federal Aviation Administration, the US plane maker said that it was withdrawing its aim of getting approvals from the regulator for the returning in air...