OPEC has sent invitations to cartel members and their allies on the OPEC + deal for a meeting scheduled for early March in December, Bloomberg reports citing sources. The agency concludes that the cartel rejected Riyadh’s idea to hold an emergency summit in February due to the situation with...

Lawyers standing in court for the Chinese telecoms giant Huawei Technologies have Alleged that the prosecutors in the United States who probed the company had intentionally some very obviously visible violations of the US sanctions on Iran by HSBC Holdings, after the united Kingdom based bank...

The outbreak of coronavirus in China is hurting the sale of German sportswear makers Adidas and Puma because of closure of stores in the country as well as a reduction in the number of Chinese tourists shopping from stores outside of China while travelling, both the companies have warned.  ...

It has been more than a decade that the South Korean tech giant Samsung Electronics has invested in building production units for its smartphones in low cost Vietnam and now in the wake of the coronavirus outbreak in China, the company now stands to benefit as its major rivals including Apple...

Swiss commodity trader Glencore in 2019 received a net loss attributable to shareholders of $ 404 million, compared with a profit of $ 3.4 billion a year earlier, the trader’s statements reads. The diluted loss per share was $ 0.03 versus $ 0.24 a year earlier. The company's revenue was reduced by...

The Chinese provinces most impacted by the coronavirus virus are the ones that are most intricately linked to the global business network, found a recent study that was issued in the form of a special briefing by global business research firm Dun & Bradstreet, after analyzing the role played by...

German automaker Volkswagen AG announced a 11% decline in sales in China in January amid an outbreak of pneumonia caused by the Covid-19 coronavirus. Global car manufacturers have major operations in China, and analysts warn that the actual closure of a number of cities in China to limit the spread...

United States based Delta Airlines plans to become the first US airline to become completely carbon neutral over the next 10 years. The company has set a budget of $1bn to mitigate all of its carbon emissions from its global business over that period.   The United Nations has predicted that...

While attempting to restart operations at their Chinese factories that have been closed down temporarily because of the spread of the coronavirus, major auto companies are also trying to ensure that their operations and manufacturing at other does not get affected by shortage of supply of parts....