The Saudi Arabia Public Investment Fund (PIF) is negotiating with British businessman Mike Ashley to buy the Newcastle United football club in the British Premier League, sources close to discussing the deal told The Wall Street Journal. PIF, Crown Prince Mohammad bin Salman's key investment tool,...

Eight former executives at the scandal-ridden lender Wells Fargo have been slapped fines totaling more than $58 million by a bank regulator of the United States. Analysts view this move by the regulator to be one that is a diversion from the otherwise soft attitude that they take towards banks....

Goldman Sachs, one of the largest banks of the United States has announced that it will not accept any companies for initial public offering or for public listing if they do not have at least one “diverse” member on the board of directors of the company starting this year itself.   This was...

Even after five years since it was revealed, the diesel emission scandal is still affecting the German auto major Volkswagen.   A C$196.5 million ($149.7 million) fine against Volkswagen was approved by a judge in Canada following the German auto maker pleading guilty to charges going in to...

According to reports published in the United Kingdom, very strong hints and indications have been delivered by the UK government about its intention to allow the Chinese telecom equipment maker Huawei to participate as a vendor in some of the area of 5G mobile networks being constructed in the...

According to the results of 2019, the American oilfield services company Baker Hughes received a net profit attributable to shareholders in the amount of $ 128 million, which is 34% lower than a year ago, the company said. Diluted earnings per share for the reporting period amounted to $ 0.23...

The Boeing 737 Max planes are not likely to return back to commercial flight until the middle of the year, the United States based airplane maker said. It added that this was because of new possible developments in the safety certification process as well as greater regulatory scrutiny on the...

Six major central banks of the world will not be sharing their knowledge and experiences for making a realistic assessment of the possibility of launching and issuing central bank digital currency (CBDC) in their respective countries.   The six central banks have formed a group which...

Claims that some of the Tesla cars were experiencing bouts of sudden acceleration in the United States have been strongly rejected by the electric car maker.   Last week, there were reports that more than 100 Tesla owners had signed a petition making claims of sudden acceleration in their...