Two very important Australian class actions filed related in relation to the global diesel emissions scandal have been settled by the Volkswagen Group (VW) and Audi.   According to reports, the payout according to the deal will be between $87 million and $127.1 million, or about $1,400 per...

Purdue Pharma, one of the companies allegedly behind the opiod crisis in the United States and one that has allegedly minted billions through sale of prescription painkiller OxyContin, has ultimately filed for bankruptcy at White Plains, New York, after thousands of cases related to the opioid...

Huawei has proposed selling off its current 5G know-how to a company in the West so that the security concerns surrounding the company among some of the Western countries and those that have been voiced by the United States president Donald Trump could be addressed. This proposal was made by the...

The unilateral offer by the Hong Kong Stock Exchange for purchasing the London Stock Exchange (LSE) for $39 billion was rejected by the LSE on Friday and has decided to continue with its planned acquisition of data and analytics group Refinitiv.   Following the rejection, the path open to...

Some of the most important parts of its movie making and distribution process of the Walt Disney Studios will be moved to the cloud in partnership with Microsoft.   Disney’s StudioLab, and internal innovation incubation lab, will be heading this transformation that is supposed to take place...

Amidst questions being raised about political risk and deal structure, the London Stock Exchange (LSE) is set to denounce the acquisition offer of £32bn made by the Hong Kong Stock Exchange, claimed reports quoting unnamed sources informed about the matter.   Investors at the LSE were...

Japan’s largest online fashion retailer Zozo Inc will be taken over by Yahoo Japan Corp in a deal worth 400 billion yen ($3.7 billion),, the later said. This move will help the online fashion retailer to make additions and innovations to its business in order to compete with the companies such as...

The global brewing giant Anheuser-Busch InBev is set to revive its earlier announced and later stalled plans of launching of an initial public offering for its Asia business at the Hong Kong stock exchange. The company has resumed its application for the listing after it had stalled the process two...

A blog post detailing how the social media platform Facebook is dependent on location data of users and how new updates of iOS and Android software impacts access of the company to that information was published by the company on Monday.   "Facebook is better with location" read the Facebook...

At 38 years old, Julien Balkany has made a name for himself on the other side of the Atlantic. He has been managing the natural resources investment fund Nanes Balkany Partners that he co-founded a decade ago, concomitantly he is the chairman of the board of Norwegian oil and gas company Panoro...

While admitting that they had employed much more temporary workers in China than required, tech giant Apple and its major supplier and manufacturer Foxconn refuted allegation by a non-profit monitor of worker rights that the companies had faulty people management strategies or polices in China....