Industry data provider Counterpoint said on Tuesday that during the first half of January, the sale of new iPhone 12 mini from Apple accounted for just 5 per cent of the total sales of the company in the United States/. This data further indicated muted demand of the the new smaller version of the...

Electric van developer Rivian is about to launch one of its biggest IPOs this year. The company expects investors to value it at least $50 billion, almost double its current value. Ford and Amazon have already invested in the company, described as one of Tesla's most prominent potential...

US auto giant General Motors (GM)'s net profit attributable to shareholders fell 4.5 per cent year-on-year to $6.427 billion in 2020, the company says. Diluted earnings per share were $4.33 compared to $4.57 a year earlier. The car giant's total revenue fell 10.7% to $122.485 billion. The company...

The dating service Bumble, where only women are allowed to start communication, has decided to raise $1.8 billion for its IPO, although recently the preliminary estimate was about $1 billion. Dating service Bumble increased the amount it plans to raise during its IPO up to $1.8 billion, Bloomberg...

Japanese group Honda's net income attributable to company shareholders fell 8.5 percent to 444.1 billion yen ($4.2 billion) for the nine months ended Dec. 31 for fiscal 2020-2021, according to the company's financial statements. Diluted earnings per share were 257.21 yen ($2.4) compared with 276.13...

With the United States based online retailer Amazon.com Inc trying to find out ways to reduce carbon emission in its fleet of trucks in the country, the company has ordered hundreds of trucks that run on compressed natural, the company has said.   There has been a huge surge in deliveries...

It has been alleged that the social media platform Facebook is continuing to give the opportunity to its users to make money from the spread of potentially dangerous false theories and misinformation related to the Covid-19 pandemic and its vaccines including allowing users to deploy money-raising...

A huge cache of more than 50 million euros ($60 million) worth of bitcoin has been seized by prosecutors in Germany from a fraudster.   However the prosecutors are now faced with a peculiar problem – they are unable to unlock the money because the arrested person gas refused to hand over the...

Even while reporting a net loss of $2.8 billion for the fourth quarter of last year, the United States based auto giant Ford Motor Co has announced its plans to more than doubled the investment that it will make ion development and manufacturing of electric and autonomous vehicles at $29 billion....