The decision was taken in Germany and impact felt in the U.S. defense manufacturing sector.   Two of the largest manufacturers of weapons in the U.S. have got into tough competition with each other after Germany’s military announced plans to purchase 45 to 60 new heavy-lift helicopters for...

The downstream expansion strategy of Saudi Aramco is planned to be put at par with Big Oil as the largest Saudi oil company hopes to regain lost market share following the end of the oil supply cut led by OPEC, said its chief executive, reported Reuters.   Talks with a number of possible...

Facebook is looking to bring in some major changes in its tax structures and its advertisement generation strategies.   While the social media platform is planning to relocate its base for global tax and revenue away from Ireland, it is also exploring avenues of booking advertising...

PepsiCo Inc has been attempting to reduce transportation and fuel costs as well as emissions from its fleet of transportation. For this purpose, the software and chips maker has placed an order of 100 new electric Semi trucks with Tesla Inc which is the largest order till date for the auto maker...

A block chain platform that would be able to address the impeding trade data standards that the European Union wants to bring in next year is being tested by multiple financial companies are is being led by Swiss bank UBS.   Essentially a shared and incontrovertible database that is...

A Philippines bank had been put to use for channeling about $81 million of stolen money that was taken away by hackers from the Bangladeshi central bank’s account lying with the Federal Reserve Bank of New York about two years ago. and the Bangladesh government wants to “wipe out” the Philippines...

Shares of Tiger Global, Accel, Kalaari Capital and IDG Ventures, and employees in the Indian e-retailer Flipkart is being sought to be bought over by Japanese telecom and internet conglomerate SoftBank for $85-89 a share. The total valuation for the deal has been pegged at $9-10 billion, according...

The Cenntro Automotive Corporation METRO compact utility vehicle (CUV) will be soon brought to the U.S. market. as Troops Technologies managed to secure investments of $1.2 million, aimed at developing the dealer network for the company’s electric low-speed vehicle (E-LSV).   This...

Germany’s BMW AG wants to make most of its future min and small cars run on electricity and for this purpose the automaker is in search of partners and is holding talks with other automakers “around the world” such that the company is able to reduce the cost of manufacturing those electric vehicles...

Share of Uber Technologies have been proposed be bought by Japan’s SoftBank Group Corp at about 30 percent discounted price to its most recent valuation and for a total of $48 billion, say media reports citing sources.   The influence over the company of the former Chief Executive Travis...

Almost all the rivals of France’s Chanel have entered into the digital world of selling merchandise and this company is one of the fashion world’s last hold-outs that is still reliant on the brock and mortar outlets instead of websites to try out new clients. The company has recently said that it...