Swedish carmaker Volvo Cars could be valued at $25bn in an initial public offering on the Stockholm Stock Exchange. Swedish automaker Volvo Cars (owned by China's Zhejiang Geely Holding Group) is preparing to announce details of its initial public offering on the Stockholm Stock Exchange on Monday,...

The global healthcare sector was shaken up by the successful results of clinical trial results for Merck & Co's experimental antiviral Covid19 medicine which pushed the share price of the company while bringing down the stock prices of drug makers making vaccines as well as producers of other...

According to Indian industry group Nasscom, 28 new Indian unicorns were added in the first nine months of 2021, bringing the total number of unicorns in the nation to 66.   At this rate, there is a possibility that the number of unicorns it had last year could be quadrupled this year....

Samsung Electronics Co Ltd is nearing the finalization of the building of its proposed $17 billion semiconductor plant in Williamson County, Texas, said reports quoting people with knowledge of the matter.     According to the news agency Reuters, the South Korean...

The Solar Industry Association has called the tariff increase a "threat to the industry". According to Bloomberg, a group of US companies has warned that the duties, which the US Department of Commerce plans to impose, will hurt the industry. The Solar Energy Manufacturers Association estimates the...

Mastercard Inc. announced its entrance into the purchase now, pay later service industry on Tuesday even as this sector of the finance industry poses a threat of erosion of the dominance of credit cards as the primary method of payment.   During the Covid-19 epidemic, the buy now, pay later...

Following a recent panic purchasing by customers in the United Kingdom, the government has announced it would be suspending competition rules to allow oil companies to better target gasoline delivery at gas stations that need the fuel.   Officials stated that the change will make things...

Alibaba has invested in Ninja Van, a logistics company operating in Asia. New funding round could lift the startup's valuation well above $1bn. Alibaba has invested in Singapore-based logistics startup Ninja Van. The company said in a statement that it raised $578 million in Series E funding, with...

Nike, the United States based sport wear giant, and Costco, the US based retailer, have both warned of shortages and delays of products as a result of global supply chain issues.   Nike announced that the manufacturing and distribution of their shoes will be affected until next spring...