Anglo-Dutch oil and gas corporation Royal Dutch Shell has agreed with a consortium of Cheiron Petroleum Corporation and Cairn Energy PLC to sell upstream (development and production) interests in Egypt, Shell said in a release. According to the report, Shell has signed an agreement with "a...

Germany will surpass the US in sales of new electric cars and plug-in hybrid electric vehicles (plug-in hybrids) in 2020, according to the Baden-Württemberg Solar and Hydrogen Energy Research Centre (ZSW). China remains the largest market for electric and plug-in hybrids, with 1.25 million new...

About half of young Americans aged 25 to 34 plan to spend up to half of the new payments from the government on buying stocks. This could bring as much as $150bn into the stock market, a marked influx and impact, Deutsche Bank has warned. Most young Americans intend to spend up to half of the...

The advance booking for its chips has currently exceeded its capacity at the Minnesota-based Polar Semiconductor which makes chips for automakers, said a report. But the company is finding it unfeasible to expand production lines to make more of the chip shortage across the world has forced...

British food delivery service Deliveroo has announced that it will conduct its initial public offering on the London Stock Exchange (LSE). The company was founded in 2013 in London by Taiwanese-born American William Shu. The company now operates not only in the UK, but also in the Netherlands,...

The acquisition of Willis Towers Watson by Aon in a deal worth $30 billion is likely to face opposition from the antitrust watchdog of the European Union and is likely to present a list of objections which Aon will have to satisfy through concessions in order to get the deal through, said reports...

Chocolate retailers around the world are facing a severe crisis due to falling demand for sweets in 2020, according to Bloomberg, citing the International Cocoa Organization (ICCO). Stagnation in demand for cocoa is fixed in the countries of North America and Europe. Experts believe that changes in...

Video calling service Zoom reported fourth-quarter earnings for the fiscal year ended Jan. 31. The company's performance was significantly better than analysts' forecasts, causing Zoom Video Communications' stock to soar by 11% immediately after the results were released. Zoom's fourth-quarter...

Da Vinci Capital's investors have sent Pavel Durov a notice of intent to file a lawsuit (letter before claim) against TON Inc. and Telegram Inc., Forbes has learned. They are demanding damages for the failed project. If compensation is refused, the investors will file a lawsuit in London within two...