One of the closely kept secrets of ride hailing companies Uber and Lyft is how much the companies charge from customers availing their services throughout the day.   However revelation of that internal data by Uber because of a law in Chicago, which mandates the companies to disclose fare...

A law suit has been filed against the United States Defense Department by Amazon.com Inc in a federal court in the US against the decision of defence department that was taken last month to award a contract for cloud computing for the Pentagon worth $10 billion to another US tech giant and rival...

According to an earnings statement Airbnb filed in Dublin, Ireland, and made public on Friday showed that the company managed to generate a net profit of $46.47 million in 2018 from its business activities outside of the United States and China. The same figure for the same region was a loss of...

An investment of around 4 billion euros ($4.43 billion) to be made in China is being planned by the German auto major Volkswagen Group, together with its Chinese partners. The German auto major said that the focus of the largest portion of the investment will be development of e-mobility...

A world’s highest ever amount for a cross-border secondary share sale was achieved by the Chinese e-commerce giant Alibaba with its landmark listing in Hong Kong generating $12.9 billion. This was also the highest for Hong Kong for nine years.     Hong Kong, which has been witnessing...

The iconic British luxury sports car maker Aston Martin is hoping to stage a turnaround as it launched its first sport utility vehicle on Wednesday. The company has been facing serious issues of sales that did not meet the expectations of investors after the company went public resulting in the...

Investment in Israeli facial recognition company called AnyVision was done by Microsoft this summer through its venture capital arm M12 and the US tech company now has hired US Attorney General Eric Holder to audit the company.   The ACLU has criticized the investment in the company by...

The 2015 diesel-cheating scandal had resulted in the German premium car maker Audi losing out some of its key engineering know-how and influence and now its parent company Volkswagen has appointed Markus Duesmann, a former BMW executive, for addressing the situations and bringing Audi on track....

The United States based retailing giant Walmart beat market expectations for the third quarter in US comparable sales driven by customers spending more at its stores and purchasing more through its website. This resulted in the retailer gaining market share in food and other groceries segments....

China’s e-commerce giant Alibaba Group Holding has been granted permission to sell up to HK$117 billion or $15 billion of new shares through a secondary listing in Hong Kong.   This permission to Alibaba, which till now holds the record for the largest initial public offering ever in 2014,...

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....