Following the decision by Organization of the Petroleum Exporting Countries (Opec) and other oil producers to slightly increase the production output of oil to make up for loss in production and increase in demand, there was a rise in oil prices globally.     The Opec and other...

Taiwanese company Foxconn, the world's largest contract manufacturer of electronics, said that the US and China are a technological, rather than trade war, reports Reuters. "The biggest problem we face is the "trade war" between the US and China. As for how we manage and adapt, all our top managers...

After the Bithumb was hacked, South Korean government announced tightening of the regulation of crypto-currency exchanges and accelerating implementation of the regulatory framework for the industry, CCN reported. "If the bill of the Democratic Party of Korea is adopted, the authorities will be...

The American motor-car manufacturer Ford Motors and German carmaker Volkswagen have begun negotiations about joint development of some commercial cars, informs BBC. Two automobile giants said that they "are considering apossibility of creating a strategic alliance" aimed at increasing...

Oracle's revenue in the IV quarter of 2018 financial year increased by 3%, and so did profit (5% up). At the same time, the company's revenues exceeded Wall Street expectations thanks to the rapidly growing cloud business. Following the results of the three-month reporting period closed on May 31,...

China's second-largest e-commerce player JD.com would get an investment of about half a billion dollars from Google., announced the U.S> te3ch giant on Monday.   The companies said in a statement that $550 million in cash would be invested into JD.com by Google as a part of its strategic...

Goldman Sachs still expects the price of oil to rise above $ 80 a barrel in the coming months, despite growing concerns about OPEC production growth and the escalation of trade wars, CNBC reports. Quotes of oil fell last week on fears that Saudi Arabia and Russia could soon proceed to increase oil...

Authorities in Germany have imposed the highest fine ever on a company with slapping of a fine of €1bn (£880m) on Volkswagen over diesel emissions cheating.    In January of 2017, the German car maker had settled a suit in the U.S over the scandal after agreeing to cough up $4.3bn...

Amid the tariff introduction on steel import in the U.S., the France based company, Total finds ethane crackers as its growth plan. Total SA, an “energy conglomerate” of France, plans to add “petrochemical plants” along with “U.S. Gulf Coast” as an expansion project in the coming years, reported an...