Caterpillar Inc is resorting to a cost cutting strategy which is almost two years old to avoid the U.S. tariffs on imported aluminum and steel impacting its profits. The company has found that it \to be the best way after in the six months since the tariffs were imposed.   A drop in sales...

Unless Facebook changes what the European Commission has termed as “misleading” terms and conditions, the American Social media giant can face sanctions within the EU, Brussels has warned.   The firm has been holding discussions with representative of the EU for over two years now to provide...

The escalating trade tensions between the United States and China has created an impediment for job creation in America and thus Chinese e-commerce giant Alibaba would not be able to meet its promise of creating 1 million jobs in the country, said the firm’s Chairman Jack Ma. This was reports...

Italian luxury car maker Ferrari has announced that it would launch 15 new cars for user sin the market by 2022. This new stable would include hybrid cars as well which would make up about 60 per cent of the total production of luxury cars by the company.   This announcement was made by...

An investigation on its employees who are suspected to cause internal leaks of confidential information against bribes for the removal of fake product reviews and some other seller scams has been initiated by the US based largest online e-retailer of the world Amazon.com Inc, said the company in a...

The chief of the largest smartphone maker of the world – Samsung, is set to accompany South Korean President Moon Jae-in to North Korea.     An ambitious plan for South Korea to connect to the rest of the Asian continent through a land corridor over North Korea was laid down last month...

An apology to customers was issued by the chief executive of British Airways Alex Cruz who described the most recent hack in the airline’s website base as a very "sophisticated, malicious criminal attack". The airline confirmed that the hackers had stolen personal and financial details of customers...

The shares of Chinese e-commerce giant JD.com Inc were battered after investors were spooked by a U.S. police investigation into an allegation of rape against the firm’s CEO Richard Liu. Investors are also worried about the strong grip that the CEO has on the company without the existence of a...

The global brewing giant Carlsberg wants to replace the very familiar plastic can holders with recyclable glue. The plastic can holders are used for lager and beer multipacks.   A new “snap pack” is slated to be introduced by the Danish brewer in a phased manner of replacement of plastic in...

All be it for a short period of time, but Amazon.com Inc equaled the feat of Apple Inc to become the second publicly traded US company to be valued a $1 trillion following the more than doubling of its stocks in a year driven by increased investor confidence because of its growth in retail and...

International ratings agencies S&P Global Ratings and Fitch Ratings have given favorable ratings for the newly formed BRICS New Development Bank (NDB), said the Shanghai-based bank on Wednesday.   According to the bank, a AA+ long-term and A-1+ short-term issuer credit rating have been...