An upbeat assessment for the digital news and real estate assets of Rupert Murdoch’s News Corp was used by the company to waive off the latest annual loss that the firm has incurred.   A net loss of $1.4 billion for fiscal year 2017/18 was reported by the worldwide publishing group which was...

Investors of Tesla Inc sued the company and its Chief Executive Elon Musk twice on Friday alleging that both the company and the CEO had wrongfully constructed a scheme to put pressure on short-sellers which included the tweet by Musk where he proposed taking the company private.   It was...

It has been a long wait – for years, for the Swedish furniture company Ikea, to enter one of the largest consumer markets in the world – India   The first retail store was launched by the Swedish furniture company in the Southern city of Hyderabad for Indian consumers and the company is...

The first decline in the number of active daily uses in Snapchat after the company introduced a controversial redesign was announced by Snap, the parent firm of the social media platform.   Despite this the analysts were presently satisfied with the revenue figures reported by the company...

Plans of investments worth 25 trillion Korean won ($22 billion) is being planned by South Korea’s largest conglomerate Samsung Group. Primarily led by investments by sister company Samsung Electronics, this huge amount of investments would be made over a period of three years into a number of new...

Tesla shares spiked following a tweeter comment by its CEO Elon Musk that he is contemplating taking the company private.    The out-of-the blue announcement by Musk was in keeping with the unorthodox style followed my Musk and in keeping with his trend of surprising the markets and...

An opinion piece published in the state-backed newspaper People's Daily welcomes Google into China provided that the US tech giant follows the law. This piece was published after there were reports that Google is contemplating launching of censored model of its search engine in the country.  ...

Shares of Domino’s Pizza Group dropped to a eleven month low after the company reported an almost 10 per cent fall in pre-tax profit for the first half of the current fiscal year primarily because of increasing costs of overseas operations particularly in Norway, despite the firm reporting an...

Despite reporting record breaking losses for the second quarter of the current year at $717.5 million, there was a surprise increase in the share price of electric car maker Tesla. Many see this as a result of an apologetic and restrained performance by the company’s chief executive, Elon Musk,...

The heatwave prevailing throughout Europe this summer has impacted the profits of the tour operating giant Thomas Cook. The heat has resulted in more people choosing to stay in the comfort of their homes instead of booking holidays at the last minute with their entire families.   Despite the...

So far there has been limited impact of the U.S. steel and aluminum import tariffs on the bottom line of Honda Motor, the company said. The vehicle maker reported an increase in the profits for the second quarter which was the highest in over a decade. The record results were driven by North...