With the potential to cut the cost of making electric cars, Toyota Motor Corp races to commercialize a battery breakthrough during the first half of the 2020s and is hence scrambling to solve outstanding issues.   Replacing the liquid or gel-form electrolyte with a solid, conductive...

This week, three technological giants - Alphabet, Amazon and Microsoft – revealed their reports for the third quarter. All of them showed a significant increase in revenue and profit. According to experts, the growth of technology companies will continue in the future. Nevertheless, the giants are...

As per Pfizer’s Chief Executive, the core reason for this divestiture is to provide a better return for shareholder’s money: its consumer healthcare is worth more outside the group than within. According to multiple source close to the matter at hand, Pfizer plans on divesting its $15 billion plus...

Although the spreads market is shrinking in Western countries, the business has fat profit margins. As per multiple sources who are familiar with the matter at hand, at least 3 bidders are expected to be shortlisted for the second round of auctions for Unilever’s margarine and spreads business....

In a strategy that depends on broadening the sport’s appeal in Asia and persuading fans to pay more for their beer, Heineken is betting on Formula One to help it reclaim the title of leading global lager from Budweiser.   Rather than its higher-margin namesake lager, which it promotes at the...

The raid follows Daimler’s claim of whistleblower status in the investigation that Germany’s top carmakers had colluded to fix the price of diesel cars and other technologies since decades. On Monday, antitrust officials from the European Union widened their investigation of alleged collusion...

With the Tanzanian government seeking to secure more revenue from its mining sector, it has confiscated a consignment of diamonds alleging under declaration of the value of consignment by almost 50%. On Monday, London-listed Petra Diamonds Ltd stated, it first quarter revenues have fallen by 17%...

For failing to deliver profits after what he called “horrible” results in the third quarter, more than $20 billion worth of assets would be shed and executives would be held accountable, vowed General Electric Co’s new chief executive.   Sending shares down as much as 6 percent early on...

Iraq's reaction to the referendum on the independence of Kurdistan influenced the energy business in the region, forcing Chevron Corp. to suspend operations in Iraqi Kurdistan, reports The Wall Street Journal. The company decided to temporarily stop drilling in the region. This decision was made in...