A proposed class-action lawsuit was filed against McDonald's and one of its Michigan franchisees by a former employee of the company Jenna Ries on Tuesday within a week of one of the largest fast food chains of the company firing its CEO over charges of him having a relationship with a subordinate....

United States based restaurant chain Burger King has tied up with Unilever to sell the latter’s plant-based patty as the US firm rolled out its meat-free Rebel Whopper across Europe on Tuesday. This is the largest product launch in the history of the burger chain and the largest deal with a...

According to data released by the Chinese online retailer Alibaba for in relation to its Single’s Day shopping festival, brands such as L'Oreal and Nestle stood out to be the biggest winners as Chinese consumers showed acute interest in purchasing food supplements, facial masks and baby milk powder...

The annual Singles’ Day shopping event of Chinese online retailing giant Alibaba Group Holding Ltd is set to create a new record in its 11th year as the company said that this shopping blitz generated sale revenues of more than $30 billion mark at 4:31 p.m. (0831 GMT), on Monday.   The...

At a time when the tag of being a market leader of fir Netflix is being threatened by new comers in the industry such as Apple, Disney and Amazon, the streaming service company is set to launch the Season 3 of Netflix's Queen Elizabeth II drama "The Crown" later this month.   But investors...

A recent market study published by CBRE has found that the United States based global office space sharing company WeWork is still doing well with respect to its core business despite the company failing to launch a much hyped initial public offering earlier this year and the ouster of its...

It is likely that a licensing deal with Waymo will be arrived at by the ride hailing company Uber or it could resort to acquiring autonomous driving software through other costly changes, the company has said.   This announcement was made by the company after it was discovered by an expert...

A New York company had illegally imported and sold surveillance and security equipment from China thereby putting at security risks the United States government and private customers, accused US federal prosecutors in a criminal case filed against the American company.   The Commack, New...

Saudi Arabia is seeking commitments for investments from friendly governments to shore up the record share sale of a part of its state owned oil giant Saudi Aramco, and according to reports quoting sources, a total investment of between $5 billion and $10 billion in the oil major is being planned...

Japan’s auto giant Toyota Motor Corp posted strong second quarter earnings and beating forecast driven by higher global vehicle sales and a much better performance in the North American market. This prompted the company to announce that it was planning a share buyback worth $1.8 billion.  ...

The Chief Executive Officer of one of the largest fast food chains of the world was forced to resign because of a consensual relationship with a junior employee.   Steve Easterbrook, CEO of McDonald's, was ordered to relinquish his position after the company’s board directors found that he...