According to a report published by the news agency Reuters, earlier this year, hacking software was attempted to infect the phones belonging to senior government officials in a number of allied countries of the United States who used Facebook Inc’s WhatsApp app. The hackers attempted to put in a...

A warning that a major share buyback plan that had been announced by Oil giant Royal Dutch Shell earlier could be slowed down because of grave economic conditions was issued by the oil major on Thursday. This announcement of the company spooked investors of the company.   The worsening...

Compared to mere $3 million in profits for the first quarter, Sony Pictures recorded a huge jump in profits amounting to $366 million for the second quarter. In the same quarter a year ago, the company had posted a profit of $211 million. The second quarter profits of the company was driven by hits...

A more than expected slowdown in the global auto market all around the world has caused German auto giant Volkswagen AG to lower its annual outlook for vehicle deliveries this year. The auto industry is experiencing a slowdown because of economic issues in Europe and a prolonged slowdown in the...

The Crown Prince of Saudi Arabia Mohammed bin Salman will soon be taking a decision about the initial public offering for the state-owned oil company Saudi Aramco which can be expected to be launched soon, said the energy minister of Saudi Arabia.   "It is going to come soon ... but it will...

Discussions about a possible partnership between Peugeot, Vauxhall owner PSA and car giant Fiat Chrysler is currently ongoing. This news of a possible tie up was recently confirmed by Fiat Chrysler.    The talks were also confirmed by PSA, which operates UK Vauxhall factories at...

The third quarter performance of the German lender Deutsche Bank reported a new t loss that was more than what the markets were expecting as the bank’s performance was impacted by a major restructuring plan being implemented in the company.   During the third quarter, the bank made a net...

A Reuters report based on information from sources claimed that Saudi Aramco is set to announce the launch of its Initial Public Offering (IPO) on November 3. The much awaited IPO, the largest ever in history, had been delayed a number of times – including earlier this month, so that advisers have...

According to Indonesian investigators probing the fatal crash of the a Lion Air flight last October, the seeds of the accident were sowed in the lack of understanding in the part of Boeing about the risks in the design of cockpit software on its 737 MAX craft and added that such an action was also...

While defending the $1.7billion payout to Adam Neumann, the co-founder of the United States based office-sharing company WeWork, its new Executive Chairman Marcelo Claure said the company now faces ‘zero risk’ of going bankrupt – potentially hinting at the fortunes of the company after the ouster...

Costs towards booking charges for addressing the potentially costs of engine defects in the United States and its home market impacted the earnings of the South Korean auto giant Hyundai Motor for the third quarter forcing the company to miss analysts estimates by a significant amount.   The...