Finnish telecom gear maker Nokia said it would not give a financial outlook until April following its acquisition of Alcatel-Lucent and warned that demand for new mobile networks would slow this year in China.   In a market where limited growth and tough competition are pressuring prices,...

Reversing a cost-cutting decision made less than two weeks ago, HSBC, Europe's largest bank, has dropped plans to freeze pay this year, according to a memo by Chief Executive Stuart Gulliver reports Reuters.   HSBC's board is set to meet to discuss whether the bank will move its headquarters...

As rivals sense an opportunity to get their hands on the asset as a result of the car maker's emissions scandal, Volkswagen has received expressions of interest for a unit making engines used in ships or small power stations, several sources familiar with the matter told media.   Sources...

In what came as a face blow to Facebook’s plan to offer free basic program to net users in India, the regulators in the country have banned free mobile data programs that favor some Internet services over others.   Facebook’s controversial Free Basics program, a signature project of...

Apple is giving a go-ahead for the opening of retail outlets in India, reported Bloomberg, citing people familiar with the situation. Tim Cook’s plans in relation to India, the country with a population of over 1.2 billion people, was pronounced already past year. According to Indian law, a company...

Most of the year of 2015 has offered a flat revenue collection by BT Group, although following the restructuring the company witnessed a boost in its last quarter’s revenue figures. Even though the “year-to-date revenues” of BT Group remained flat, data show that company’s third quarter’s revenues...

According to legislation being drafted by the EU executive, US multinationals such as Google, Facebook and Amazon will be forced to publicly disclose their earnings and tax bills in Europe, reports The Guardian.   Aimed at making the world’s largest multinational corporations open their...

In a move that is aimed to pacify the US customers, Volkswagen announced offering generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles who were affected by the emission scandal. The head of Volkswagen’s claims fund informed the German media about this issue....

With the aim of reducing operation costs, BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida, the company said in a statement. The company is now putting more emphasis on its enterprise software business and the smartphone maker is trying to turn around its...