United States automaker Ford Motor Co has decided to move out of the Russian market.   Ford is going to close down its joint venture in Russia - Ford Sollers, formed earlier with a domestic company, and the two assembly units of the company in the country would also be closed down as a...

The pioneer and inventor of blue jeans, Levi Strauss & Co is returning to the United States stock market after about three decades through its launch of its IPO and the company is expecting to generate about $587 million through sale of shares. If that amount of money is generated by the...

There can be a threat to 13 million jobs in the auto sector in Europe because of the plans of the European Union to further cut down the threshold of the carbon dioxide (CO2) emissions from vehicles and to force auto makers to fast shift to making more of electric cars. This warning was issued by...

In the eventually of Britain leaving the European Union without a deal on trade, the branches of British banks which are placed in the rest of the EU need to offer deposit account protection for customers of such branches. This has been urged by the EU banking watchdog.   According to the EU...

According to the figures from the Association for Advancing Automation, an industry group based in Ann Arbor, Michigan, more robots than ever before were bought and installed by U.S. companies in 2018 as businesses of all sizes could afford them because of cheap prices and greater flexibility of...

An unmanned, fighter-like jet which has been developed in Australia was unveiled by Boeing Co recently. The craft has been designed to fly alongside crewed aircraft and take part in combat at a fraction of the costs for manned crafts.   There is scope for modifications on the crafts and the...

The potential "opportunities and threats" of using Chinese technology should be understood by the United Kingdom, said the country’s cyber-security agency.   The need for better cyber-security practices in the telecoms industry was stressed in a speech by Jeremy Fleming, director of the...

US based electric car maker Tesla has managed to beat its jinx of not being able to deliver cars on time as it delivered m\Model 3 cars in China slightly ahead of the schedule promised. The company hopes that this would help it to revive the falling sale which has been hit by the US china trade...

Amidst rising tensions between the United States and the European Union over trade and trade related regulations, a threat of retaliation has been issued by the EU to the US if the latter foes ahead with its plan of imposing additional tariffs on vehicles imported into the country – including those...

Making use of the upcoming 2022 World Cup, the authorities in Qatar want to create a large sports sector in the country by attracting more sports companies to the Gulf state and aims to create an industry worth about US$20 billion according to media reports quoting officials from the country....

Those subsidies to its domestic industries that allegedly distort the market would be stopped by China, said the second largest economy of the world according to a report published by Reuters. The report, based on information gathered from three people familiar with the U.S.-China trade talks in...