There is a high probability that there would be over 4000 staff at Opeal who could resign from their positions by 2020. According to works council chairman Wolfgang Schaefer-Klug. This would be related to the takeover of the German company car maker by the French PSA Group,   A plan for the...

An increase in trading in bonds and stocks because of volatility in the market propelled Goldman Sachs Group Inc to report good quarterly results well above the market predictions and estimates.    There was a growth of 23 per cent in the average revenue from the bond trading business...

The largest ride hailing app in the world is China's Didi Chuxing – well known now after it drove away Uber from the Chinese market. It is also the most valued startup in the world with a total worth of $56bn (£39.4bn) currently.   The company is now slowly but surely making its moves to set...

According to market experts and analysts, Volkswagen could ultimately be set free from the troubles it has been facing since the "dieselgate" scandal because of the new plans by the German auto maker.   A number of changes were announced by the company on Thursday. The changes include the...

He is "responsible for" not preventing the social media platform Facebook from being made use of for harming people including spreading of fake news, hate speech and foreign interference in elections, said CEO mark Zuckerberg ion a written testimony to the U.S. Congress on Monday.   "We...

Following news about the clearance of the acquisition of Monsanto by the German drugs and pesticides group Bayer for a value of $62.5 billion by the U.S. Justice Department saw the share of Bayer jump by almost 5 per cent on Tuesday.   According to a report by the Wall Street Journal late on...

The largest refinery in the United States that is run by Motiva Enterprises – a subsidiary of the Saudi Aramco – the largest oil producer in the world, will be expanded further and the Saudi oil producer took the first steps towards it late last week.   The company is planning of the...

Airbus had been expecting to expand sale of its wide-body aircraft in the U.S. and that ambition was given a jolt after an order for forty-seven 787 Dreamliners of Boeing were placed by American Airlines Group which would be used for long-range flying and this will also expand the fleet of the...

London is soon to have another shared ride hailing service called ViaVan. This is a joint venture Via and Mercedes-Benz Vans.   The new ride sharing services can be accessed through an app which can be used by passengers to call for a shared ride. The app would match the user seamlessly with...

The online music streaming company Spotify has been valued at $26 billion as the shares of the company started trading in the New York exchange.   No new shares have been issued by the company but those that had been held by the private investors of the company have been put up for sale...

The online music streaming company Spotify has been valued at $26 billion as the shares of the company started trading in the New York exchange.   No new shares have been issued by the company but those that had been held by the private investors of the company have been put up for sale...