Rio Tinto PLC, one the world leaders in the production of many commodities including aluminium, iron ore, copper, uranium, coal, and diamonds, is optimistic about the near future of the steel industry and believes that despite a slowdown in China and a considerably lower iron ore prices...

An analysis of the retail market data in the US by CVS Health shows that there has been a reduction of reduction of at least 95 million packets of cigarettes at “all retailers” of the pharmacy giant after the company stopped selling tobacco products a year ago.   The pharmacy giant...

Asian IT and electronic companies like of Samsung, Huawei, Lenovo, Sony stole the show at the Europe's largest consumer electronics show, prompted by the absence of major US companies like Google and Apple and a minimal presence of Microsoft and Intel.   The absence of US companies made IFA...

In an attempt to cut its £22bn debts and fund a turnaround plan as it recovers from an accounting scandal, UK supermarket giant Tesco has chosen private equity firm MBK Partners as preferred bidder for its South Korean unit, Homeplus, reports Reuters.   Tesco has recently lost market share...

The father and son due inventor and co-founder of Tauim, a cybersecurity startup that helps protect governments and many of the world’s largest companies including Amazon, Target, Visa, and Verizo, turned billionaires after they raised $120 million in new funding.     Following the...

Yahoo plans to boost growth in both its topline and bottom line by enabling mobile developers integrate their native video ads into their apps as users.    This move by the search engine firm signifies that the mobile devices have become that most used devices that users employ to...

The aerospace industry is well placed to perform well in the short term but the worrying factors for the industry are the looming interest rate hikes and fuel price volatility, feel executives from the industry.   This is the overwhelming outcome of a research survey by CIT Aerospace titled...

In August, the sales were the most active in the last ten years Against the background of lower prices for gasoline and rising consumer confidence in US, car sales in August reached the highest level in the last ten years, with the American brands sold better than usually popular Japanese. Over the...

User of Amazon would now be able to download television shows and movies via its streaming service to watch while offline on pretty much all mobile devices, the company announced on Tuesday.   With this announcement, Amazon, arguable world largest on-line retailer, managed to move one step...