Business News

Saudi Aramco's shares surge on market debut; becomes the most valued company, as country takes a big leap towards economic overhaul

It has been Mohammad bin Salman's long dream to overhaul Saudi Arabia's oil-driven economy and the company's market debut is the first major leap towards that direction.

11 hours ago

By R. Ghosh

177 companies pledge for climate actions

The 177 companies collectively represent over 5.8 million employees, spanning 36 sectors and with headquarters in 36 countries

20 hours ago

By IANS

Singapore exports jump in December on back of 40% rise in China shipments

Economists raise Singapore's growth forecast by 0.7%

Singapore's gross domestic product is expected to increase by 0.7% from a previous prediction of 0.5% in the latest Monetary Authority of Singapore's survey released on Wednesday

22 hours ago

By Parvathy Rajagopal

Netflix has to slash prices, introduce ads to keep up with competition from Disney+

Netflix might have to consider cutting down its subscription prices and introduce ads on its platform in order to keep pace with new rival players like Disney+ and AppleTV+

25 hours ago

By Manthan Chheda

Netflix

Domino's Pizza chairman to step down, as company hunts for new CEO and chairman

The company's chairman Stephen Hemsley's exit follows the retirement of its CEO David Wild in August.

37 hours ago

By R. Ghosh

General Motors loans $40 million to Lordstown Motors to produce first electric pickup by 2020

Lordstown Motors Corp had bought the Ohio factory for $20 million from General Motors in November as part of its plans of rolling out electric pickup trucks by the end of 2020.

37 hours ago

By R. Ghosh

Arriving today: Apple to start selling Mac Pro at a whopping $5,999

Mac Pro doesn't come with a display, so Apple will also be selling its 6K Pro Display XDR starting at $4,599.

2 days ago

By R. Ghosh

Sanofi to acquire Synthorx for $2.5 billion; Plans to boost its immuno-oncology pipeline

The French healthcare giant has agreed to buy all the outstanding shares of the California-based biotechnology company for $68 per share in cash

2 days ago

By R. Ghosh

Britain's Tesco considers Asia exit

The retailer giant is starting a review of its remaining Asian businesses which may result in the sale of those Thai and Malaysian operations

2 days ago

By Reuters

Tesla Model 3 cars get recommended for subsidy in China as Tesla gears up delivery

China's Ministry of Industry has recommended two variants of Made-in-China Model 3 cars, which were found on the list for new energy vehicle subsidies

3 days ago

By R. Ghosh

Elon musk

Adobe acquires Virtual Reality tool Oculus Medium from Facebook

Facebook purchased Oculus in 2014 for $2 billion following the Federal Communications Commission approval for the acquisition

3 days ago

By R. Ghosh

Facebook Mark zuckerberg

China copper imports hit 13-month high in November on improved factory activity

For the first 11 months of 2019, imports of unwrought copper were down 8.5% from a year earlier at 4.45 million tonnes

3 days ago

By Reuters

FAA tightens noose on Boeing; seeks to fine the company $3.9 billion for installing faulty airplane parts

The FAA has alleged Boeing of failing to adequately oversee its suppliers and failing to prevent the installation of faulty parts on at least 130 737 NG airplanes

4 days ago

By R. Ghosh

Ericsson found guilty of corruption by US authorities; to pay $1.2 billion to resolve bribery charges

According to US authorities, Ericsson conspired with third parties to bribe government officials in five countries in Asia and the Middle East between 2000 and 2016.

4 days ago

By R. Ghosh

Samsung

audio-from-stolen-plane-reveals-final-moments-before-deadly-crash

HK air transport regulator refrains from suspending Hong Kong Airlines' license

The Hong Kong air transport regulator stated that it has decided not to suspend the license of the city's second-largest airline

4 days ago

By Reuters

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