A third profit warning for 2019 was issued on Wednesday by the German luxury car maker Daimler as the company struggles with the costs it is having to incur because of the diesel emission scandal that has resulted in record fines and litigation across the world, along with the huge investments that...

With an expected increase in tourists to Japan in the wake of the Tokyo Olympics later this year and to address a growing demand for sustainable seafood, eco-certified sushi will be available starting this year by Japanese supermarket chain Aeon Co Ltd – the largest retailer by sales in Asia....

In its efforts to divest its loss making business operations and turn profitable by next year, the United States based ride hailing company Uber has sold out its food delivery business Uber East in India to its local rival Zomato.   About 10 per cent of Zomato would be owned by Uber Eats as...

No companies – be it the Chinese tech giant Huawei or any other company selling 5G equipment, will be banned from participating in the 5G network development work within the European Union. This is likely to be the position of the block when it unveils its guidelines for its member states over the...

A section of Germans are not happy with Tesla’s plans of construction of a gigafactory on the outskirts of Berlin. A section of people in the German capital fear that the construction of the factory will adversely impact the water supply and the wild life in the area . This prompted some to...

As a part of its business restricting process in North America, Japanese auto major Toyota has said that it will shift of production of its Tacoma midsize pickup to Mexico from Texas. The company is also set to invest $13 billion through next year in development of manufacturing operations in the...

With the aim of pushing itself further into the Chinese market – the largest auto market of the world, German car maker Volkswagen AG is slated to strike a partnership with Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd through taking up a 20 per cent stake in the Chinese firm,...

The United States based electric car maker Tesla wants to make "Chinese-style" vehicles and will be opening a design and research center in China for that purpose, The company made the announcement in a recruitment notice on its official WeChat account.   According to the recruitment notice...

If the United Kingdom government decides to use the equipment and technology from the Chinese tech giant Huawei for its 5G network, it "would be madness", the united States has said.   New evidence of its claims of the possible treats posed by the use of technology and equipment of the...

The chief executive of the French oil company Total, Patrick Pouyanné, has announced the company’s plans to move the cash of the company out of the United Kingdom after the onset of Brexit and shift its financial headquarters to Paris. This move by the petroleum giant reflects the confidence of the...

Has not only been the best year ever for JP Morgan but also for any bank in the United States ever.   The profits of the company increased by 21 per cent in the fourth quarter of 2019 driven by resurgence in trading, especially in fixed income, said the company. As a consequence the annual...