Accusations of widespread breaches of money-laundering and counter-terrorism financing rules were leveled against Australia’s biggest mortgage lender, Commonwealth Bank of Australia by the government of the country on Thursday.   In what is being considered to be the biggest case of its kind...

As Tesla Inc ramps up production of its mass-market Model 3 sedans, investors continued to bet on CEO Elon Musk's ability to successfully take the company out of "manufacturing hell" which resulted in Tesla's shares rising 6 percent on Thursday.   $3.2 billion is set to be added to Tesla's...

U.S. retail giant Amazon.com has given pout signals that it is prepared for industrial strife in the world's 12th-biggest economy – Australia, as the retailer unveiled the site of its first Australian warehouse on Thursday and named a German executive as country manager.   The Seattle-based...

The promotional strategy of giving retailers cash rewards, shopping vouchers and even money to renovate, anti-smoking groups in Indonesia have slammed Big Tobacco. They have also urged the authorities to enforce advertising curbs to safeguard public health.   Including a ban on tobacco firms...

Months of intense debate in the crypto-currency community, fears and frenzied course jumps are over. The hardfork of bitcoin has taken place, but it did not lead to any terrible consequences. The new currency called Bitcoin Cash has skyrocketed on the first day of its existence and, justifying...

Although one of the most powerful countries in the world continues to exert a great influence both on the financial and technological sectors separately, the leadership in the field of fintech will shift to Asia in the next couple of years. Consulting company CB Insights suggests that although...

With the aim to leverage their experience of deepwater development and the crowded offshore wind arena at home, some European oil majors have made inroads into the emerging U.S. offshore wind energy market.   They are looking across the Atlantic at what they view as a huge and potentially...

It is nearly two years since allegations of bribery in Africa first surfaced against them, Britain has opened a formal investigation into suspicions of corruption at British American Tobacco (BAT) and its subsidiaries.   The company intends to cooperate with the investigation but did not...

Setting the stage for the biggest test yet of the company's strategy to become a profitable, mass market electric car maker, as he handed over the first 30 to employee buyers, Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations.  ...