The shareholders asked the management of ZTE Corp about who should be blamed the company landing in dire straits.   This was in relation to the company’s share price falling by over 60 per cent after export ban on the company by the US administration.   The explanation reportedly...

Branches in the fastest growing markets is being shut down by Citibank but that measure would only help the American banking group to do better than ever.   In the first three months of 2018, the bank registered its seventh straight quarter of growth in the Asian market which is its largest...

The emerging markets is critical for the growth and success of Instagram and hence the Facebook has come up with a new and adapted version of the market.   In a quite launch, Instagram’s owner Facebook launched “Instagram Lite” for Android phones was put up at the Google Play App Store. No...

Uber has contended in the court in the UK that the company is “fit” to start operations in London following the its operations being banned in the city by regulators last year as its license to operate was cancelled.   Uber was accused of exhibiting a "lack of corporate responsibility" in...

While Tesla if often regarded as the first name that pops up in mind when talking about luxury electric car, in the largest electric car market of China, Tesla does not enjoy the same degree of reverence.   Shanghai was announced as the location for the second Chinese Gigafactory factory for...

Walgreens Boots Alliance drugstore chain replaced the last original member of the Dow Jones industrial average - General Electric, as the latter was excluded from blue-chip index earlier in the week.   General Electric has been facing a series of problems in recent times and this development...

Driven by increased revenues and operating margins of each of the operating units of FedEx Corp, the profits of the company beat estimates of Wall Street for the fourth-quarter.   The worries over the U.S.-China trade war had resulted in its worst regular session sell-off in two months this...

The acquisition of Virgin Money by the owner of Clydesdale and Yorkshire banks will cost the bank over 1,500 jobs. It has been reported that the £1.7bn takeover of will result in axing of primarily middle and senior management positions.   The deal will create the sixth-largest bank in the...

Electric car maker Tesla has announced to its employees that there would be a 9 percent cut in its workforce where the jobs cuts would mostly be done for salaried positions.   At present, there is about 46,000 employees with the company and it has hired about 8000 of them this year itself....

Following accusations of bias and the raging ongoing controversy over fake news, social media giant Facebook and put up an advertisement seeking applications for “news credibility specialists” for checking the facts of content that appears on its site.   The latest lob listings were posted...

The HorizonX venture capital arm of Boeing will make a significant investment in a San Francisco startup called Kittyhawk that is engaged in offering end-to-end software solutions for autonomous drone operations, the aircraft maker announced recently.   This investment was made while Boeing...