Palo Alto’s Tesla stocks snap massive rally after slash in Model Y prices

15-07-2020
On Monday, the e-vehicle industry behemoth Tesla Inc. had shrugged off as much as 3.1 per cent a day after gaining over 10 per cent

Skin whitening creams remain online in Amazon, eBay, Alibaba despite mercury findings

14-07-2020
Mercury containing skin whitening creams kept popping up in major e-commerce sites despite the platforms' pledge to scrap the products

Plymouth e-vehicle startup Rivian raises $2.5 billion investment led by T. Rowe Price

13-07-2020
Tesla's smaller e-vehicle industry rival, Ford- and Amazon-backed electric vehicle start-up Rivian raised as many as $2.5 billion at its latest fundraising campaign

Telecom Italia excludes China’s Huawei from 5G core equipment tender

13-07-2020
Telecom Italia had excluded China's Huawei Technology at one of its tenders for core fifth-generation equipment to develop 5G networks in Brazil and Italy

Apple supplier Foxconn to invest $1 billion in India

13-07-2020
On Friday, sources familiar with the issue had told that the iPhone assembler Foxconn was going to invest as many as $1 billion at its Chennai assembling plant

Seattle retailer Amazon bans, then unbans TikTok app from employee mobile devices

13-07-2020
On Friday, in the span of a few hours, the Seattle retailer Amazon.com Inc. banned and then unbanned the TikTok app from its employees' mobile devices

California’s Tesla Chief Elon Musk overtakes Buffet as world’s 7th-richest man

12-07-2020
On Friday, the Tesla Inc. boss Elon Musk had overtaken Warren Buffet as the world's seventh-richest man to date

Italian-American carmaker FCA to recall 900,000 US vehicles over faulty air bag cover

12-07-2020
Late on Friday, the London-based Italian-American carmaker, Fiat Chrysler, said in a statement that it would recall more than 900,000 vehicles in the United States due to faulty air bag covers

US slaps French goods with 25% added duties, but delays effective date

12-07-2020
Late on Friday, the office of USTR Robert Lighthizer had told in a statement that the United States had decided to incline a 25 per cent added tariffs on French-borne goods

Seattle retailer Amazon sets off UPS & FedEx style delivery trucks

12-07-2020
Amazon.com Inc., the world's largest online retailer had rolled out a new fleet of delivery trucks that would be able to carry much-bigger and -heavier boxes

New Jersey to borrow up to $9.9 billion under debt-deal

11-07-2020
Late on Friday, the New Jersey state Governor Phil Murphy said that the fiscally embattled US state would borrow up to $9.9 billion under debt agreement

Google may ward off EU antitrust probe into $2.1bn Fitbit deal with data pledge

10-07-2020
Google might be able to avert a full-scale investigation of EU antitrust regulator over its $2.1 billion Fitbit buyout deal by pledging not to use Fitbit's consumers' data for Google ads

California’s Google scraps cloud project in China, other sensitive regions

10-07-2020
On Wednesday, a Bloomberg News had reported that the CA-based world's No.1 internet service provider Google LLC. had scrapped its new cloud computing project in China

Santa Clara’s Nvidia Corp. eclipses Intel as the most valuable US chipmaker

10-07-2020
On Wednesday, at a breakthrough trading session for the US semiconductor industry, Nvidia Corp. surged as much as 2.3% to storm past the market cap of Intel Corp., eventually becoming the most valuable US chipmaker

New Jersey Governor sued by movie theatre chains on pandemic-led closures

09-07-2020
On Tuesday, six heavyweight movie theatre chains including AMC Entertainment had sued the New Jersey Governor

Washington probing allegations TikTok violated children’s privacy

09-07-2020
On Tuesday, at least two sources familiar with the issue said that the US Federal Trade Commission alongside the US Justice Department had been looking on to allegations that the Chinese video sharing app TikTok might be violating child's privacy

Maryland’s Novavax snatches $1.6 billion in pandemic vaccine aid from US Govt.

09-07-2020
On Tuesday, the Trump Administration had awarded $1.6 billion in pandemic vaccine development aid to Maryland-based vaccine developer Novavax Inc.

German carrier Lufthansa to cut a fifth of leadership jobs in overhaul attempt

08-07-2020
Europe's second-largest airlines, Lufthansa said in a statement that the German flagship carrier would trim roughly 20 per cent of its leadership jobs in latest revamp

Los Angeles retailer Lucky Brand files for bankruptcy as latest pandemic fallout

07-07-2020
Late on Friday, the LA-based apparel retailer Lucky Brands had filed for Chapter 11 Bankruptcy protection

French economy rebounds faster-than-anticipated, says Central Bank

06-07-2020
On Sunday, in an interview with the LCI Television, the Governor of the French Central Bank said that the bloc's second-largest economy had been rebounding faster-than-anticipated

Siemens forecasts up to 20% drop in business in April-June quarter

06-07-2020
On Friday, the German engineering industry conglomerate Siemens CFO Ralf Thomas said that the company was expecting a drop of 20 per cent in business activities during the quarter that ended on June 30

Zimbabwe’s Landela Mining to purchase four state-owned gold mines

06-07-2020
Chief Executive of Zimbabwe's Landela Mining said on Friday that the company had reached an accord with the Govt. to purchase four state-owned gold mines

Canada’s Cineplex to sue British Cineworld Group, seeks damage for scrapped deal

06-07-2020
Canadian movie theatre operator Cineplex Plc. said in a statement on Friday that it would sue the Cineworld Group claiming liabilities over a $1.65bn scrapped takeover deal

Fiat, PSA stick to €50 billion merger deal after dividend cut report

05-07-2020
On Friday, FCA and PSA had dismissed an earlier media report that said the Italian-American carmaker was seeking to amend the merger deal in a bid to deter a €5.5 billion in dividend payoffs

MasMovil buyers secure first corporate leveraged loan since pandemic crisis

05-07-2020
The consortium behind the disputed acquisition of MasMovil had secured a €2 billion in leveraged debt, a document seen by a press agency had unveiled on Friday