On Tuesday, a French court sentenced two former Deliveroo top executives to a suspended one-year prison sentence and fined them 30,000 euros for misusing the freelance character of riders employed for the British takeaway delivery platform.   The firm was also penalized a maximum of...

On Monday, gaming companies FlickPlay and The Sandbox announced a new alliance that will allow gamers to use a blockchain asset on both platforms, marking a significant step forward in the metaverse's development.   People can freely move between virtual worlds on different platforms and...

As a buyout group emerged to contest Elon Musk's $43 billion bid for Twitter, the company implemented a "poison pill" on Friday to limit Musk's potential to increase his share in the social media site.   According to persons familiar with the situation, Thoma Bravo, a technology-focused...

After the largest U.S. bank's first-quarter profits fell 42 per cent, Chief Executive Jamie Dimon warned of economic uncertainty stemming from Russia's invasion of Ukraine and rising inflation.   JPMorgan had recorded a record profit in the first quarter of last year, profiting from a...

According to internal corporate correspondence examined by media reports, Reuters and interviews with workers, Mondelez, Nestle, and PepsiCo are facing staff defections in Ukraine and pushback from workers in eastern Europe who are angry about the companies' plans to keep some business in...

GlaxoSmithKline agreed to a $1.9 billion deal to buy U.S. medicine producer Sierra Oncology on Wednesday, the latest step to fight off activist shareholder Elliott.   Since Elliott purchased a major interest in GSK last year, the business has been under increasing pressure to improve its...

Tesco, the largest retailer of the United Kingdom, has forecast a profit decline this financial year as rising inflation puts pressure on both the grocery chain and its customers.   The company's stock, which controls more than 27% of the UK food market, plunged 5 per cent in early Wednesday...

Honda Motor Co Ltd of Japan announced on Tuesday that it expects to invest $64 billion on research and development over the next decade, with the goal of launching 30 electric car models globally by 2030.   It also hopes to produce 2 million electrified vehicles per year by 2030. The plan is...

Meta Platforms, which owns Facebook, is starting to test tools for selling digital assets and experiences through its virtual reality platform Horizon Worlds, according to the social media giant.   The tools will first be offered to a select group of customers who are producing virtual...

Mercedes-Benz announced the opening of a new 200 million euro ($217 million) software centre in Sindelfingen on Friday. This is the company's latest investment in its strategy of enhancing its in-house software skills and expertise which in turn is a part of its strategy of trying to bring its own...

Flipkart, Walmart's Indian e-commerce subsidiary, has boosted its IPO valuation aim by approximately a third to $60-70 billion, and now plans to list in the United States in 2023 rather than this year, according to two sources with direct knowledge of the plan.   According to Reuters,...