A latest fund raising round led by investors Amazon.com Inc, Ford Motor Co and T. Rowe Price helped electric car startup Rivian to raise $2.5 billion, the company said on Friday.   An announcement of Rivian exploring options of setting up a second vehicle assembly plant in the United States...

Israeli electric vehicle startup REE Automotive plans to start production of an electric delivery van and a people mover in 2023, said a top executive of the company that on Thursday was given the green signal by its shareholders to get into as reverse merger arrangement with special acquisition...

A host of new features on the messaging app Snapchat attracted more users during its latest completed quarter and the growth rate was the highest since the late 2017as the company easily beat estimates of the Wall Street for the number of users and revenues.     The better than expected...

US civil aviation market leaders, American Airlines and Southwest Airlines, presented their financial reports for the second quarter of this year. For the first time since the COVID-19 pandemic they ended the quarter with a profit. A rebound in tourist traffic in the USA helped American Airlines...

On Wednesday, 21 July, an agreement was announced between the pharmaceutical company Johnson & Johnson and three of the largest US drug distributors McKesson, AmerisourceBergen and Cardinal Health on one side and several dozen US states and cities on the other. The companies agreed to pay a...

The strategy that it had successfully adopted during the Covid-19 pandemic – that if focusing on its bigger brands and focusing more on its supply chain, will be relied on by Coca Cola Co to address the impact of a possible new wave of the pandemic believed to be caused by the Delta variant of the...

A landmark $26 billion settlement has been arrived at with large drug companies and a number of states of the United States over the role of the companies in fuelling a deadly nationwide epidemic of opioid on Wednesday. However the deal still has to be supported by thousands of local governments....

Shares in a major Japanese developer posted a three-year record drop following an article that employees vaccinated against the coronavirus were allegedly at risk of punishment. The company categorically denied the publication, but this did not stop investors from fleeing. Shares in one of Japan's...

Fintech start-up Revolut is entering the travel market: it has launched a travel booking service. This is the company's first product outside the financial sector. British fintech company Revolut has launched an in-app travel accommodation booking service called Stays, CNBC wrote. Revolut itself...