Worried over the reports that put the future of the four-engined A380 aircraft from Airbus, Australia's Qantas Airways announced this week that they are going to cancel their order for eight of the aircraft from the company. The order for the super jumbo jets has been a longstanding one. ...

A profit share valued at $10750 would be given to each of the UAW-represented workers this year, announced the US auto maker General Motors even as the company is under pressure after it announced a significant number of white collar job losses  across North America earlier in the week....

Market and analysts’ expectations in terms of both revenues and profits were exceeded by Google parent Alphabet for the fourth quarter but despite this, the company saw its shares drop by as much as 3 per cent because of concerns among investors of higher spending by the tech giant.  ...

The revenues of smartphone maker Apple Inc dropped by 5 per cent year on year in the first quarter of fiscal 2019 – which also includes the holiday shopping seasons of 2018. The company reported revenues of $84.3 billion and quarterly earnings per share of $4.18.   “Revenue from iPhone...

Snap Inc is contemplating bringing in a huge change in the one feature in its social media platform the Snapchat app. According to a report published by Reuters, Snapchat, where user’s photos and videos disappear after a small period of time, would not have such photos and videos which remain...

Tensions between the United States and China is likely to be ratcheted and the forthcoming trade negotiations between the two largest economies of the world is likely to be impacted by sweeping charges pronounced against the Chinese telecommunications giant Huawei by the US Justice Department....

South Korea, which is one of the largest importers of crude oil, has been chosen by state-owned Saudi Aramco for an investment of up to $1.6 billion against an almost 20 per cent stake in the Hyundai Oilbank refinery there. This would consequently increase the presence of the Saudi Arabian oil...

The U.S. Securities and Exchange Commission (SEC) is conducting an inquiry on Japanese car maker Nissan Motor Co Ltd into alleged financial misconduct in executive pay in relation to the ousted Chairman Carlos Ghosn over his alleged financial misconduct, acknowledged Nissan on Monday.  ...

The Canadian union representing employees at the Oshawa, Ontario plant of general Motors has urged both Canadian and U.S. consumers not to purchase cars of GM manufactured in Mexico. This is the latest step taken by the union in Canada to force the GM authorities to come to the negotiating table...

According to a report by news agency Reuters citing sources, strategic alternative – that also includes the sale of the company, is being considered by MoneyGram International Inc. About a year ago, the company’s plans to sell itself off to a Chinese firm for $1.2 billion was scuttled by the US...

There is a process of global restructuring ongoing at the US car maker Ford which includes reorganizing its European operations through cuts as announced by the company recently.   Ford, the second largest auto maker of the US, does not want to accept the "mediocre" results achieved by it in...