An upbeat German auto major Daimler raised its forecast for profits for 2020 after the company reported a 24 per cent spike in demand and sale for its Mercedes-Benz cars in the Chinese market which boosted the company’s margins for the third quarter.   However it also warned that forecasting...

A summon by a parliamentary panel in Indi that is currently reviewing privacy bill of the country was turned down by representatives of Amazon.com Inc in India.   This was said by a Indian lawmaker said on Friday.   The United States based e-commerce giant however said that this was a...

With consumers choosing to purchase cheaper laptops while spending on data center usage was cut down upon by pandemic hit businesses and governments, United States based chip maker Intel reported a fall in its profit margins in the latest completed quarter.   Despite being the dominant...

During the IPO, American antivirus software developer McAfee raised $720 million by selling 37 million shares at $20 (the price corridor was set at $19-21). The total value of the company is thus estimated at $8.6 billion. McAfee shares will start trading on NASDAQ on Thursday under the ticker...

The international payment system PayPal will allow users to conduct transactions with cryptocurrencies. "The Company introduces the possibility to buy, store and sell some cryptocurrencies - first Bitcoin, Ethereum, Bitcoin Cash and Litecoin - directly through PayPal's electronic wallet. The...

Berkshire Hathaway investment company, owned by billionaire Warren Buffett, will pay a fine to settle a dispute with the US Treasury Department about the violation of sanctions against Iran. One of the Turkish companies owned by the holding's subsidiary has been supplying instruments to Iran for...

The German auto maker Daimler has identified China as the biggest growth market in the next decade for Mercedes-Benz, said the company’s Chief Executive, Ola Kaellenius.   But with continued rise in global trade tensions, the company also plans to adjust production locations to capture...

The use of telecom equipment from China's Huawei and ZTE for development of the 5G network was banned by Sweden on Tuesday on security grounds. The country is slated to soon auction spectrums for 5G networks.   Sweden no joins other European countries that have already banned or restricted...

Intel is selling its flash memory chip business to South Korea's SK Hynix (part of the SK Group). The contract is going to be $9 billion in all. The American company sells its NAND SSD business, its NAND manufacturing wafers and parts, as well as its factory in Dalian, China.  The...