According to media reports, the much awaited initial public offering (IPO) of Uber Technologies Inc is set to launch anytime soon as the company has reportedly filed paperwork for the purpose. This IPO has gain investors’ attention because of the controversial and fast growing nature of Uber. ...

There was a furious reaction by China to the arrest of a top executive and daughter of the founder of Chinese telecom giant Huawei in Canada after an extradition request was placed by the United States. This development has threatened to destabilize the temporary truce between the US and China was...

While Apple Inc. has been facing trouble with reduced demand for its latest launched iPhone models and with a number of its key suppliers and assemblers issuing profit warnings for the current year, the company’s shares were downgraded by lender HSBC.   Its analyst Erwan Rambourg downgraded...

Concerns of consumers and investors about the increase of the costs and price for PayPal’s payment services and the concerns by anti-trust bodies about reduced competition because of the acquisition of European technology start-up iZettle in a deal worth $2.2 billion were completely dismissed by...

While it can be a very desirable concept to see conventional engine powered cars being replaced by the next generation electric vehicles, it5 also costs a lot of money. And this has been proved to the correct once again – this time by Audi which it has agreed to spend on development of the next...

Even as top executives of German car companies gathered in the United States capital Washington in the hope of avoiding potential import tariffs on luxury cars by the Donald Trump administration, the World Trade Organization (WTO) warned on Tuesday of he crisis that is being faced by the global...

In what is another blow to the image and reputation of the German lender Deutsche Bank, following a string of scandals and fines that already had waned its image among investors, the lender’s headquarters in Frankfurt was raided by the German police as a part of the investigations into the alleged...

HP reported its fourth quarter revenues higher than what analysts were expecting which helped its stocks to surge in late trading on Thursday as the company ended a positive quarter.   The Palo Alto, California-based company reported a net income of $1.5 billion, or 91 cents per share for...

After creating a global network that more than 5 million homes, castles, and treehouses for rent and a business that is estimated to be worth about $38 billion, Airbnb is now venturing into a business where it would act an architect or a town planner. This is the outcome of a futures division of...

Following the rejection of the telecommunication industry’s first request for using 5G mobile network planned to be supplied by the Chinese technology company Huawei Technologies Co Ltd in New Zealand by the country’s intelligence agency, the Chinese firm announced it would seek clarifications on...

Following the announcement by the largest car marker of the United States to cut thousands of jobs in North America and stopping production of slow selling models, US president Donald Trump issued a threat of cutting off all forms of federal subsidies to General Motors, amidst debate about his...