The Mexican used car platform Kavak and financial technology firm Konfio are the two latest startups that Japan's SoftBank Group Corp is interested in investing and negotiations to that end is ongoing currently, according to reports.   Analysts said that the move highlights the growing...

According to a news report published by Reuters news agency, a decision to cut thousands of jobs in China and shut down two of four shared assembly plants has been taken by Peugeot maker PSA Group and partner Dongfeng Group. The report was based on documents of the companies and added that the aim...

Japanese casual clothing chain Uniqlo's sale in South Korea has suffered significantly because of the boycott of the South Korean consumers of goods. This was announced by the company on Friday. This highlighted the growing rift between the two countries in the economic context. A trade spat is...

Harmony OS, the long rumored first-party operating system of Chinese tech giant Huawei was unveiled by it. The company has been developing the OSD for quite some years now.   However it had recently become important for Huawei in the face of the US ban which prevented it from doing business...

There were looming regulatory challenges for the joint venture between BMW and its Chinese joint venture partner China's Great Wall Motor, a joint venture necessary as a precondition of or doing business in China for any foreign company. This was commented to by the Chinese firm on Wednesday. The...

Till now, the main source of revenues for billionaire entrepreneur Elon Musk’s space company SpaceX have been very large communications and military satellites. However the company is now shifting more towards focusing on carrying to space smaller and nimbler satellites.   According to the...

The shares of Tyson Foods Inc reached record highs following the company reporting better-than-expected for the latest quarter and reiterating its earlier forecast that it would make profit because of the spread of a fatal hog disease in China.   Tyson Chief Executive Noel White said that...

A new blockchain is being launched by International Business Machines Corp (IBM). The tech giant aims to enhance output of its manual and cumbersome supply chain management, the company said while making announcement on Monday.   Supply chains are critical to any business and forms the...

Mounting concerns over data privacy has forced both Apple Inc and Alphabet Inc’s Google to suspend globally of reviewing of recordings from users interacting with their voice assistants.   A program called “grading” has been suspended by Apple, the company said on Friday. This program is one...

Saudi Arabia’s sovereign wealth fund led an investment round for the United Kingdom based health technology start-up Babylon which helped the company to raise $550 million.   After the completion of the fundraising round, the net worth of the company now is $2 billion, said the London based...

According to reports in the Indian media, negotiations to buy a stake in India's biggest brick-and-mortar retailer, Reliance Industries Limited, is being held by Amazon.com.   Reliance's consumer and private labels business could be benefited because of the massive online presence of Amazon....