French Total SA reported for the second quarter of this year. During the reporting period, the company's net profit fell by 26% to $ 2.8 billion. Total itself explains this by unfavorable market factors, including low oil prices. Compared with the second quarter of 2018, cost of a barrel of oil...

Facebook will pay $ 5 billion in settlement of the US Federal Trade Commission (FTC)’s charges in violation of user privacy. The agreement was announced by the FTC; the paper is yet to be approved by the court, the AP reports. The regulator itself called the amount of payments an historical record....

Arnott’s, the Australian snacks business of Campbell Soup Co will be bought out by KKR & Co., the later said, in a deal that would be worth $2.2 billion according to reports in Australia. Arnott’s is the owner of some of the best selling biscuits brands such as Tim Tam.   “I can confirm...

United States based ride hailing company Uber intends to rival local German technology startups in its overall plan of taking a share of the $500 billion trucking market of Europe and will be launching a freight platform in the largest economy of the European Union, according to report.  ...

In the first half of the year, the French automobile concern PSA Group (Peugeot, Citroen, DS, Opel and Vauxhall brands) reported an increase in total operating profit by 10.6% to € 3.34 billion, and operating profit of the automotive division by 12.6 %, to € 2.7 billion. Due to this, the company's...

Japanese Canon Inc., a leading global camera maker, lowered its earnings and revenue forecasts for 2019. The company's net profit collapsed in Q2 by 55.6% in annual terms. Net profit amounted to 34.52 billion yen ($ 319 million) in April-June against 77.67 billion in the second quarter of last...

More than 600 people have been layed off by Futurewei. In a development that underscores the stength of the headwinds that Huawei faces, the Chinese company stated, it has laid off more than two-thirds of its 850-strong workforce from its U.S.-based research arm Futurewei Technologies. Futurewei...

Europol has warned that it may not be possible for European police forces to effectively keep track of criminals over the new 5G mobile networks that is being constructed in a number of European countries.    The tools that are currently used by the pan-European security agency for...

Apple Inc. is actively negotiating with Intel Corp. about buying a modem business for smartphones. Amount of the possible deal is estimated at about $ 1 billion, writes The Wall Street Journal, citing informed sources. According to them, an agreement can be concluded as early as next week unless...