The Saudi authorities may put additional stakes in state-owned oil and gas company Saudi Aramco on the market in the coming years. This could happen if conditions are right, told Crown Prince Mohammed bin Salman of Saudi Arabia at Future Investment Initiative conference on Thursday. Saudi Aramco...

With Americans shifting their spending habits to online mores during the Covid-19 pandemic, the United States based retailer Walmart Inc said that it will add small robot-staffed warehouses to a number of its stores in the US to fulfil orders for pickup and delivery.   The company said that...

South Korean auto giant Hyundai Motor reported its best quarterly profit in more than three years and said that it expects a boost in sales for its vehicles in the United States and China for the current year driven by the launch of new electric vehicles and crossovers.   There was a 57 per...

US aerospace corporation Boeing presented its financial statements for the fourth quarter and 2020 as a whole. The company's revenues fell 24% to $58.2bn last year, with a net loss of $11.9bn compared to a net loss of $636m a year earlier. In addition, Boeing announced another postponement of the...

US pharmaceutical giant Merck & Co has withdrawn from an active battle to develop a vaccine against COVID-19. According to The Daily Telegraph, the reason is that the vaccine, created by Merck together with the International Aids Vaccine Initiative (IAVI), did not produce a sufficient immune...

Users of Twitter are being asked to help out the company to fight fake news.   A pilot project has been announced by the social media company that will allow the users of the micro blogging site to make and submit notes on tweets that they believe could be completely be false or misleading....

The electric-vehicle (EV) charging company Ubitricity will be purchased by Royal Dutch Shell as a part of the target of the company to become a net zero carbon emission company by 2050.   With this deal, the FTSE 100-listed energy company will be able to enter the on-street EV charging...

The Australian government is bringing a new law related to a  long standing demand on the need for tech companies to pay for news that appear in search results or those that are shared on its various platforms.   If the proposed law is passed, it would mean that the United States based...

According to data published on Tuesday by EV-volumes.com, a Sweden-based consultancy, even though there was a decline by at least 25 per cent in the sale of cars globally on the overall because of the Covid-19 pandemic, the sale of electric cars globally increased by as much as 43 per cent to more...