A call for the Australian government to take appropriate action against the market dominance of Facebook and Google in Australia was given by the Australian Competition and Consumer Commission (ACCC) in a 600-page report released in July.   Responding the exhaustive report that explains the...

Saudi Arabia held a series of meetings with international investors to assess the prospects for listing shares in Saudi Aramco in Asia, the Wall Street Journal reported citing sources familiar with the situation. "Saudi officials have held meetings with international investors over the past weeks...

Amazon, the largest online retailer of the world has secured exclusive German rights to a package of Champions League matches after the company had successfully managed to live stream top-flight English football for the first time. This move, according to analysts, by Amazon shows that it has now...

The valuation derived form from its initial public offering (IPO) was $1.7 trillion for Saudi Aramco which is now officially now the world's most valuable company. The Saudi Arabian state owned oil giant raised $25.6 billion from the IPO.     The valuation of Aramco was comfortably...

EU authorities have opposed use of the Facebook cryptocurrency. EU finance ministers did not support use of stable-rate cryptocurrencies, the so-called stablecoins, in their countries. The reason was the lack of legislation and difficulties with regulation. According to Reuters, the first thing...

The claim of the Italian tax authorities that Fiat Chrysler Automobiles underestimated the value of its American business by 5.1 billion euros ($5.6 billion) during the acquisition of Chrysler has been strongly opposed by FCA, the company said recently.   "We are confident we will...

US alcoholic beverage maker Constellation Brands Inc has agreed to sell Ballast Point Brewing Co, a craft maker, for an unnamed amount to the little-known Kings & Convicts Brewing Co. According to the company’s press release, the deal affects the Ballast Point brand itself, as well as the...

Electrification is the need of the hour as well as the future of the global auto industries. All of the global auto giants are well aware of the need to quickly develop technologies, expertise and capacity to manufacture electric powered vehicles much faster than they need to develop new pollution...

Several of the top oil producers of the world including Royal Dutch Shell, Mitsubishi Corp and Trafigura, are fighting it out to get a share of contracts to buy oil from about an estimated 20.2 million barrels of crude oil from Ecuador between 2020 and 2023.     Announcing this, the...