United States based electric car maker Tesla has finally announced that it would rout the much awaited affordable electric car priced at $35000 for the public. The company said that the roll out could help Tesla to finally venture into the middle class car owners of America.   The company...

While not expecting to see any improvement or turnaround of the credit cycle thus year, US banker JPMorgan Chase said that it is undertaking measures to ensure that it is ready to take advantage when there is an actual reversing of the credit cycle.   According to a presentation Tuesday at...

With the aim of building its portfolio for haemophilia treatment and to keep up with rivals in gene therapy, Spark Therapeutics was announced to be bought by the Swiss drug maker Roche Holding in a deal that would be worth $4.3 billion.   The Swiss company said in a statement that the...

With the aim of convincing its investors that the billions of dollars that Intel had invested in the research and development for creation of 5G technology would reap benefits for the company, Intel Corp announced on Monday about new chips and partnerships.    Intel had acquired German...

While stressing its market position of being a global leader in smartphone manufacturing, Chinese telecom giant Huawei lauded the latest comments made by United States President Donald Trump about the future of U.S. mobile communications on Sunday.   These comments from the Chinese company...

In an effort to beset the innovation jinx that it has been facing, South Korean tech giant Samsung provided the first glimpse of its latest smartphone with a foldable screen.   However doubts have already been cast over the new products as questions are being raised whether it would attract...

A record fine for France was announced by a Paris court against Swiss banking giant UBS. The fine amounted to 3.7 billion euros or $4.2 billion and is a landmark in tax fraud related fines in the country.   The conviction of the largest bank of Switzerland was based on the court finding true...

There was political motivation behind the arrest of Chief Financial Officer of Chinese tech firm Huawei Meng Wanzhoum said the founder of the company Ren Zhengfei on in an interview of the BBC on Monday.  V is also the daughter of the founder.   "Firstly, I object to what the US has...

The manufacturing unit of the Japanese auto manufacturer Honda in Swindon, England would be closed down resulting in job losses for about 3000 employees, the company is set to announce.   According to a report by the Press Association quoting workers at the Wiltshire factory, the possible...

According to reports in the media, even as the French government is attempting to maintaining a strong hand in the Japanese auto maker Nissan, the Japanese firm is investigating the possibilities for implementing governance reforms and has appointed a special panel to help the company to draw out a...

PepsiCo Inc issued a warning for its 2019 earnings in its forecast for the year while announcing its fourth quarter results which were largely according to expectations of analysts. One of the largest coverage companies of the world said there would be a drop in 2019 earnings because of more...