There has been a rise of about 40 per cent in the last one year in the amount of money that had been stolen by criminals through bank transfer scams in the United Kingdom and currently the amount being stolen every month is more than £1m, claimed official data published by the UK.  ...

Since the downturn in the global oil market three years ago, Saudi Arabia has been trying to reduce the dependence of its economy on revenues from oil. As a part of that vision, the kingdom is not set to open up some of its closed doors to international tourists.    The kingdom...

The company intends to suspend production in the UK due to the exit of the Kingdom from the EU. Jaguar Land Rover decided to suspend production in the UK because of Brexit. Four factories of the company will halt the operation in the first week of November in order to mitigate the consequences of a...

The US Federal Trade Commission filed a lawsuit against Match Group, which owns a number of dating services, including Tinder. The regulator is accusing the company of using fake accounts to encourage hundreds of thousands of users to purchase a paid subscription. The United States Federal Trade...

After the debacle faced by the American office renting form WeWork just before the launch of its initial public offering (IPO) because of a substantial fall in valuation compared to what the Japanese investment conglomerate SoftBank had made when it had invested not long ago in the company, the...

The first indigeneously developed artificial intelligence (AI) chip was introduced by Alibaba Group. The chip comprises of a   neural processing unit and has been named Hanguang 800. The company claimed that this new chip will dramatically enhance the speed and energy spending in the...

Charges against the embattled former chairman and CEO of Japanese auto giant Nissan Carlos Ghosn and former director Gregory Kelly brought in by the United States Securities and Exchange Commission were settled. The charges against the two former executives were related to false financial...

Holidays of hundreds of thousands of tourists were threatened due to the bankruptcy of the largest British travel company Thomas Cook, the Associated Press reported. According to the agency, about 50 thousand clients of the tour operator were "stuck" in Greece, almost 30 thousand tourists cannot...

The international travel industry was shocked on Monday with the news of one of British travel and tourism firm Thomas Cook, one of the largest and the oldest in the industry, on Monday after months of efforts to rescue the company failed.  The collapse of the 178-year-old travel company...