The partnership between Austrian Post and DHL could materialise within a few months’ time. In attempt to make the Austrian parcel delivery services “more efficient”, two companies, namely “Deutsche Post DHL Group and Austrian Post”, have together in a “long-term” partnership.   The Austrian...

Shares of the Chinese manufacturer of telecommunications equipment ZTE Corp. jumped 14% after the company predicted a profit of up to 1.2 billion yuan ($ 178.18 million) in the first quarter, Reuters reports. The company said it expects a net profit of 800 million to 1.2 billion yuan in the first...

Uber taxi service is buying its competitor for $ 3.1 billion. This is the most expensive transaction of the company and the first purchase of a regional competitor. Uber announced that it is buying Careem Networks FZ taxi service, which operates in the Middle East. The transaction amounts to $ 3.1...

The pressure put on Lufthansa low margins in a competitive market of Europe is pushing the company to merge the European operations of its catering business LSG with a peer, according to a report published by news agency Reuters citing sources with knowledge of the matter.    According...

South Korean Samsung Electronics Co. shares declined on Tuesday after the company issued a profit warning before trading, reports The Wall Street Journal. The technology giant said its Q1 results would be worse than expected due to weaker sales of displays and memory chips. Signals of weak sales,...

Apple Inc has launched a new television and movie streaming service which can be accessed by owners of its more than 1.4 billion gadgets globally for streaming and viewing of television shows and films. The content would comprise of both original shows by Apple as well as those from other sources....

While making a call for all of its members to share more information in relation to efforts at tackling cybersecurity risks for new 5G networks, the European Commission would however disregard calls by the United States to ban Huawei Technologies in a communication next week, according to a report...

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...