US diversified technology group General Electric Co. (GE) has reduced its stake in US oilfield services company Baker Hughes. The company sold shares for nearly $1 billion, according to the US Securities and Exchange Commission (SEC). The report said GE's stake in Baker Hughes was 25.7% as of 29...

Discouraging revenue guidance for the second quarter forecast by the social media company Twitter resulted in its shares dropping by 11 per cent in post-market trading. The company also issued a warning for increasing rising costs and expenses while also forecasting a possible slowdown in growth of...

The largest e-commerce company of the world Amazon.com Inc, which immensely benefited from the online shopping spree during the pandemic, said that it believes that the consumers who had started to purchase online will not likely shift to buying from physical stores even as the company reported...

Chinese authorities have demanded that the country's 13 IT corporations make changes to their financial services business, The Wall Street Journal reports. Watchdogs have deemed their services risky and in violation of the country's antitrust laws. China's central bank, along with the country's...

With increase in global oil prices boosting the trading business electricity production of the French energy group Total SE, the earnings of the company for the first quarter reached close to the levels prior to the Covid-19 pandemic.   With business areas like oil refining being hit by the...

Facebook will respond to targeted advertising limitations with new payment and e-commerce technologies across all of its apps and support for social media content creators. The creation of new payment technologies, including digital currency Deim and the Novi wallet, will form the basis for...

US aerospace corporation Boeing presented its first quarter results: the company's revenues fell by 10% year-on-year to $15.2bn. The net loss was $561 million for the sixth consecutive quarter, which the company ended with a loss. At the same time, the loss narrowed slightly compared to the first...

The strong performance at the investment bank Deutsche Bank helped the lender to offset the headwinds of an ongoing restructuring programme as well as the hit of the Covid-19 pandemic – prompting the firm to report better than expected net profits for the first quarter of 2021.   Deutsche...

The change of ion business focus of the once Japanese tech giant Sony Corp seems to be bearing fruit as the demand for company’s gaming, movies and other content during the Covid-19 pandemic helped the company to post operating profit of 66.5 billion yen ($610.8 million) for its fourth quarter...