Mark Zuckerberg has positioned Threads, Meta's Twitter clone programme, as a "friendly" haven for online public dialogue, setting it apart from Elon Musk's more antagonistic Twitter.   "We are definitely focusing on kindness and making this a friendly place," Meta CEO Zuckerberg said on...

Mukesh Ambani's Indian company Reliance Retail, which is valued at $92-96 billion by two international consultants, may be preparing for an eventual IPO, said reports quoting information from sources with direct knowledge of the situation.    According to the source, who declined to be...

Tesla on Friday offered a new incentive to increase the sales of electric vehicles in China as it informed certain workers building battery packs at its Shanghai complex of layoffs, according to reports based on a company release and a worker who received the notification.   After signing a...

The Chine fintech company' - Ant Group's years-long regulatory revamp will likely come to an end when Chinese regulators impose a fine of at least 8 billion yuan ($1.1 billion) on Ant Group, according to sources with direct knowledge of the situation.   According to Reuters' sources,...

With Twitter already struggling, Meta's Mark Zuckerberg dealt Elon Musk another blow on Wednesday by launching Instagram's eagerly awaited companion app Threads, a competitor to Twitter. This intensified the internet billionaires' animosity.   "Let's do this ". In his first message on...

Although it faces a battle to reduce costs, Airbus is pushing up testing of revolutionary new wing technology as it builds the framework for a future model that will replace its best-selling A320 series.   The opening of a wing technology facility in southwest England on Tuesday by British...

Days after Twitter CEO Elon Musk drew flak for placing a temporary limit on the number of messages users can view on the social media platform, Meta Platforms announced plans to release Threads, a microblogging software that competes with Twitter.   According to a listing on Apple's App...

Even as it considers laying off 30% of its total employees globally following the acquisition of Credit Suisse, UBS has launched an aggressive hiring drive in the United States for wealth managers who cater to wealthy Americans.   On the first half of the year, UBS hired 50 financial...

According to marketing industry experts, Elon Musk's decision to temporarily limit the number of messages that Twitter users may view on the social media platform could jeopardise the company's efforts to draw in advertisers under its new CEO Linda Yaccarino.   In an effort to prevent...

Apple's stock reached a record high closing and was just short of reaching a market capitalization of $3 trillion.   According to Refinitiv statistics, the shares of the iPhone manufacturer increased 0.6% to close the day at $189.25, putting Apple's market worth at $2.98 trillion. Apple's...

Exxon Mobil and Tetra Technologies Inc. have agreed to develop more than 6,100 acres in Arkansas that are rich in lithium. This is the oil giant's second move this year to gain control of the resources required to generate the metal for electric vehicle batteries.   Exxon's quick entry into...