The net loss of the Japanese concern Honda Motor attributable to the company's shareholders in the first quarter of the 2020-2021 fiscal year ended June 30 was 80.871 billion yen (about 763 million dollars), although a profit of 172.3 billion yen was made a year earlier ( $ 1.6 billion), according...

The effort of Alphabet unit Google to purchase Fitbit has hit a hurdle in Europe as the antitrust regulator of the European Union has initiated a probe into the deal that is worth $2.1 billion. The deal is Alphabet’s effort to make a dent in the wearable technology market that is dominated by Apple...

The advent of the novel coronavirus pandemic in the Middle East has seen a “fantastic surge” in demand for online groceries, according to an executive of a United Arab Emirates-based retail chain, who also believes that the trend will continue in the future too.   Between January to June...

Google, Amazon, Facebook and Apple have kicked off their second quarter corporate reporting season, which saw the most stringent restrictive measures due to the COVID-19 pandemic. The restriction measures have resulted in an explosive growth in the use of all kinds of Internet services, and for...

Chinese Shanghai Zhizhen Network Technology Co., which owns a patent for a voice assistant in China, has filed a lawsuit against Apple Inc., demanding damages from the American company in the amount of 10 billion yuan ($ 1.43 billion) in connection with patent infringement. The voice assistant,...

Siemens Healthineers (SH) has agreed to purchase all shares of the American pharmaceutical company Varian Medical Systems. For each share, the German manufacturer will pay $ 177.5, which is 24% higher than its value at the close of trading on Friday. In total, the deal is valued at $ 16.4 billion....

With people working and learning from home amid stay at home orders and lockdowns to prevent the spread of the novel coronavirus pandemic and turning to its products and services, United States based tech giant Apple Inc comfortably beat estimates for its quarterly performance with year on year...

Google managed to avert its first quarterly drop in ad sale revenues in its 16 years as a public company as the company reported recovery of its ad sales have recovered after slumping in March at the height of the novel coronavirus pandemic, said Google’s parent company Alphabet on Thursday....

Investors in parent company TikTok valued the app at $ 50 billion, nearly 50% more than Snap, which owns the Snapchat messenger. Investors in Chinese company ByteDance, which owns TikTok, have valued the service at $ 50 billion, Reuters reported. They gave such an assessment as part of the...