In what is the second failure for the ride hailing company Uber in an Asian market and its decision to move away from the market, the U.S. firm agreed to sell its Southeast Asian business to the larger regional rival Grab. The two companies made this announcement on Monday   With a market...

There is a push among the high-end manufacturers of watch to turn to web sales, although the journey still faces resistance and limitations. Giving the boom on the sales of luxury goods on online platforms, the “high-end” watch manufacturer are finally getting convinced to start investing in...

There was a total reduction of 1.5 per cent in the total U.S. net electricity generation in 2017 which is reflective of lesser use of electricity by Americans throughout the year according to a report from the U.S. Energy Information Administration (EIA).   On the other hand, the report also...

The dollar declined after the US Federal Reserve System (FRS) warned about a faster pace of rate hikes this year. Concerns over the upcoming announcement of US President Donald Trump about trade restrictions are putting pressure on Asian stocks, reports Reuters. The Japanese Nikkei 225 index added...

Europe is soon to impose higher taxes for etch tech companies like Google, Amazon and Facebook.   The new taxation policy is based on calculation of taxes for tech companies on the place of generation of revenue instead of the convention of calculation of taxes where it is headquartered,...

A legal suit has been filed in the U.S. against Facebook Inc. and the U.K. based data analytics and political consulting company Cambridge Analytica over allegations of misuse of personal data of over 50 million American users of Facebook during the U.S. presidential elections of 2016.  ...

German chemical concern Bayer AG overcame an important obstacle to the purchase of the American producer of seeds and agricultural chemical products Monsanto Co. for $ 66 billion. The European Union approved the deal after Bayer agreed to fulfill the necessary conditions for this, reports...

It has been over a decade that China has been a top importer of specialty gas. But now China itself is set to become an exporter and to turn out as a producer than a consumer given the growing capacity that it has created for itself with respect to various specialty gases.   "China's...

Chinese HNA Group Co. plans to sell real estate, mostly hotels and office buildings throughout China, as the troubled conglomerate is trying to pay off its debts. This is reported by Bloomberg referring to sources familiar with the situation. According to the interlocutors of the agency, among the...