While Iran’s arch-rival Saudi Arabia promised not to flood the market and sought to mend fences within the OPEC, Tehran insisted on steeply raising its own production which resulted in a failed OPEC meeting where the oil producers had gathered to agree on a clear oil-output strategy.   There...

Almost everyone has accustomed to the fact that the situation in the world economy is far from stable. Economists, analysts and officials are preparing the world for a crisis, yet it is unclear what its main catalyst will look like. In the opinion of JPMorgan, the four horsemen of the global...

Uber has been able to gain a crucial partner in its efforts at expansion into the Middle East countries in the way of Saudi Arabia Public Investment Fund as the cab hailing company managed to raise $3.5 billion from Saudi Arabia's sovereign wealth fund, announced the U.S. ride-hailing service on...

Now the smart-phones of Xiaomi will come with Microsoft software. Xiaomi, the smart-phone manufacturer of China, has come to an agreeable term with Microsoft, whereby the former will purchase “1,500 patents” from the latter. Likewise, Xiaomi has bagged some “helpful intellectual property”, while...

As a part of what the two companies – Microsoft and Chinese device maker Xiaomi say is the start of a long-term partnership and in a rare departure from its strategy and values for the U.S. company, software maker Microsoft Corp is selling about 1,500 of its patents to Xiaomi.   A commitment...

Michael Dell and Silver Lake Partners may have to pay tens of millions to investors who opposed the deal for the computer maker as they have been ruled by a a Delaware judge to have underpriced their 2013 $24.9 billion buyout of Dell Inc by about 22 percent.   For the specialized hedge funds...

Heads of oil companies have traditionally been considered one of the highest paid managers in the world. And, as it turned out, their remuneration’s model is so wrong that it harms the entire sector. What if workers would not receive the money not for produced goods or a comparable coefficient, but...

With a £2bn contract for new Apache helicopters set to be awarded to Boeing, the UK’s Ministry of Defence is poised to hand another major deal to a US company.   The deal has been at the centre of efforts for  anumber of companies. one such company is Leonardo, the Italian aerospace...

Just four words, "there is nothing there", were used by Monsanto Co President Brett Begemann when asked how the world's largest seed company he helps lead might fit with German drugs and crop chemicals group Bayer AG by a small group of investors last week. The disclosure of Bayer's confidential,...