Following the reporting of potential issues of compliance to the US authorities in relation to its acquisition of its former French rival Alcatel-Lucent, the Finnish network equipment maker Nokia said that it was examining some of the transactions at Alcatel-Lucent, which had been acquired by Nokia...

Manufacturer of sports equipment Nike (USA) increased its net profit in annual terms by 3.8 times to $ 3.04 billion for the nine months of the 2018-19 fiscal year ended February 28, according to the company's financial statements. Revenue increased by 7% to $ 9.6 billion due to growth in the...

Manufacturing electric vehicles requires thirty percent less effort, said Diess. According to Volkswagen, the aggressive stance taken by the company to drive in the manufacturing of electric cars, it will result in a forceful jobs reduction.   The aim of Volkswagen is to launch as many as...

Shares of semiconductor manufacturers in South Korea rose sharply on Thursday after publication of better-than-expected financial results of the American chip maker Micron Technology, reports CNBC. Although the American chip maker's forecast for financial quarter III turned out to be lower than...

German luxury car maker BMW predicted on Wednesday that the current year would not be a good one for it. The car maker said that it anticipates that the pre tax profits for the entire group would drop by more than 10 per cent for the current year.   In order to create some safeguard against...

At the end of 2017, expectation of introducing bitcoin exchange futures contributed to its appreciation of up to $ 20,000 at the last stage of inflation of the cryptocurrency market bubble. Now bitcoin costs about $ 4,000, according to Coinmarketcap, and the exchange operator Cboe Global Markets,...

The United States Securities and Exchange Commission has alleged in court that despite and since a court-approved agreement with the US based the electric vehicle maker Tesla’s chief executive Elon Musk was reached about the manner of communication of important information about the company, Musk...

Exxon Mobil Company intends to reduce the cost of oil production in the Perm shale formation of the United States to about $ 15 per barrel. At the moment, this level is observed only in the giant oil fields of the Middle East. “Exxon’s drilling scale means that the Permian Basin will be competitive...

Millennials have been blamed for rejecting the canned tuna business along with motorcycles and diamonds in the United States. However there is one industry that is benefiting from its popularity among the millennials - Irish whiskey.   According to the Irish Food Board, there has been a 61...