The acquisition of the seed and agrochemicals firm Syngenta by the Chinese firm ChemChina in a deal worth $34 billion was not a wise business decision, said Beijing’s ambassador to Switzerland. The ambassador added that if he had the chance or the opportunity and if he had been in Bern, he would...

Britain’s Merlin private – the owner of Madame Tussauds and Legoland, is to be taken over again by private equity firm and Lego’s founding family Blackstone in a deal worth $7.5 billion.   It could get a greater scope for “significant, long-term investment” as the Danish interlocking...

While families of some of the deceased in the Ethiopian Airline crash told a court in Chicago that they were not willing to go in for a settlement of the litigation, United States based aircraft maker Boeing faced another blow as Southwest Airlines Co. announced that it would not schedule any of...

In recent years, there has been very significant and very rapid development in a number of areas of the global auto industry which includes the likes of complete electrification of vehicles, the rise of self driving technologies and ride sharing projects.    Analysts and experts claim...

Apple would be part of a bailout package of $100 million for the Japanese smartphone screen maker Japan Display Inc according to news reports with information from sources. The bail out deal is being headed by a Chinese investment firm. This development -= minus the participation of Apple, was...

United States based global car company Ford would be cutting down on about 12,000 jobs in its European operations as a part of its efforts to streamline operations in the region and to enhance its profitability, the auto company announced recently.   The company is on a restructuring process...

The exclusivity clauses with TV and modem makers that the US chipmaker Broadcom possess has been asked to be scrapped by EU antitrust regulators so that no  irreparable harm to the market is done even as the regulators are probing whether this business strategy and some others have been...

It should not be proper to politicize its patent related negotiations with the United States carrier Verizon because it is ‘common’ business activity, said Chinese tech firm Huawei. A few days ago, a senator filed legislation aimed to stop the Chinese telecom equipment and smartphone maker from...

The last edition of Las Vegas’ global innovation exhibition has been marked with French eyewear specialist Optic 2000’s 50th anniversary. After decades of focusing mainly on optics and design, the French firm is now addressing the next era of glasses: technology integration.

The self driving arm of Google’s parent company Alphabet – Waymo, has got into a partnership with French car maker Renault and Japanese auto giant Nissan with the aim of developing self-driving cars and trucks  for the markets in France and Japan and potentially for all other markets...

The bankrupt United States utility giant PG&E Corp. is contemplating a new plan that would help it to be brought out of bankruptcy in March next year. The company is planning the establishment of a $14 billion fund that would take care of claims against it for past wildfires while another $20...