SABIC seemingly eager to partner Swiss chemical firm Clariant AG
  Author: Mateen Dalal

The company is looking forward to joining Clariant after an improvement in market conditions. Saudi Basic Industries Corp. (SABIC), one of the largest public corpor...

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Sony withdraws its mobile phone business from Southeast Asia
  Author: Mateen Dalal

The move comes under the company’s current strategy of redirecting its focus on Japan, Taiwan, Hong Kong, and Europe. The company expects to ...

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Trump claims Huawei issue could be resolved in US-China trade deal
  Author: Nikita Chaurasia

The Trump government had effectively banned American companies from conducting business with the Chinese telecommunications equipment company. The ...

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Keppel wins contract for two 600MW offshore wind farms worth SGD$150m
  Author: Nikita Chaurasia

The substations will be deployed at Greater Changhua offshore wind sites of Ørsted in Taiwan Reports confirm that Keppel FELS Ltd, a wholly owned subsidiary ...

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Porsche fined €535m by German prosecutors over diesel emissions fraud
  Author: Nikita Chaurasia

Audi, VW, Porsche all sold diesel engine vehicles that had failed to meet clean air regulations and were able to cheat emissions tests Reports suggest that prosecut...

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Lyft, Inc. expands its Grocery Access Program across 15 U.S. cities
  Author: Nikita Chaurasia

Through the latest move, Lyft aims to mitigate transportation barriers to healthy food. Lyft Inc., a San Francisco-based transportation network company, has made i...

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Venmo boasts of 40 million users, claims parent company PayPal
  Author: Mateen Dalal

The leading American operator of online payments, PayPal, has reportedly disclosed that its subsidiary mobile payments service platform, Venmo, currently holds a user base of around 40 million. ...

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Facebook might expect a $5 billion FTC fine over privacy scandal
  Author: Mateen Dalal

The company anticipates a fine between $3 billion to $5 billion in association with an ongoing inquiry by the FTC. Social media giant, Facebook, Inc. is reportedly ...

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CIA alleges Huawei of being funded by the Chinese state security
  Author: Nikita Chaurasia

The US Intelligence service, Central Intelligence Agency, has grabbed the headlines for publicly accusing the Chinese multinational consumer electronics company, Huawei Technologies, of being funded by China’s Na...

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French business tycoons commit €600m to restore Notre Dame Cathedral
  Author: Nikita Chaurasia

Pledges for donation came after firefighters confirmed that the fire had been extinguished completely   President Emmanuel Macron plans...

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Google Huawei announce compensation for faulty Nexus 6P device users
  Author: Nikita Chaurasia

The companies are liable to pay $9.75 million in settlements, pending court approval Users said their devices experienced a bootlooping problem whi...

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Bird, Lime to exit Raleigh due to stringent rules for scooter-sharing
  Author: Nikita Chaurasia

Raleigh city has imposed some of the most arduous regulations in the country on e-scooter sharing   Other rivals seem to have still sub...

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Airbus bags 300 airliners order from China, surpasses rival Boeing
  Author: Nikita Chaurasia

Owing to surging travel demand, China has become a key competing ground for Airbus and its chief rival Boeing. Airbus, one of the leading names in the aerospace sector, recently signed a multibil...

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Dish signs long-term agreement with Univision, ends carriage dispute
  Author: Nikita Chaurasia

According to the new agreement, Univision networks and stations will be restored on DishLatino and Dish with immediate effect. Univision communications and Dish ne...

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Lime discontinues bike-share in Green Bay, hunts for alternatives
  Author: Nikita Chaurasia

Green Bay aims to form a task force to find the new bike sharing service. The city aspires to develop its plan in spring and have the system into effect before fall. ...

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Next says no-deal Brexit tariffs could save £15M to benefit shoppers
  Author: Nikita Chaurasia

The latest move comes in the wake of the company’s increasing focus on web sales, as it is expected to close around 507 stores over the next 15 years Next, th...

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Trump targets GM & Ohio union official, demands Ohio plant reopening
  Author: Nikita Chaurasia

The automaker and the union official had closed down a vehicle assembly facility recently. The U.S. President’s lashing, which came via a twe...

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No-deal Brexit turned down with 149 vote defeat in UK Parliament
  Author: Mateen Dalal

In a recent turn of events, a day after Prime Minister of Britain Theresa Mays Brexit bill was turned down with 149 votes defeat, Members of the Parliament are back to the House of Commons to decide on whether to avert t...

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Nut bars behemoth Kind wants the FDA to change food labeling protocol
  Author: Nikita Chaurasia

Kind appeals to the FDA to alter the way it regulates food labels. The renowned nut bars maker was previously engaged in a row with the FDA over the use of the word ‘healthy’ on its packs....

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Microsoft contracts Invenergy for solar energy center development
  Author: Nikita Chaurasia

The construction of the energy center is scheduled to start in 2019 and is anticipated to create approximately 500 jobs during construction. Microsoft, the tech gia...

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Merck KGaA presses Versum investors to back its $5-9B acquisition bid
  Author: Mateen Dalal

Versum management rejected Merck KGaA’s all-cash offer in favor of rival Entegris’ January offer Merck KGaA, based out of Darmstadt in Germany, has repo...

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Chronicle launches of Backstory, its first data security platform
  Author: Nikita Chaurasia

Unlike data security platforms, Backstory’s pricing will depend of the size of the company and not on the size of the customer’s data. Chronicle, the cy...

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FSSAI asks food delivery service Zomato to procure food safety license
  Author: Mateen Dalal

FSSAI has undertaken the move after its CEO announced new guidelines under which food delivery chains will have to procure relevant licenses as well. Zomato, the In...

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Google reveals spending over $21M to lobby the U.S. government in 2018
  Author: Mateen Dalal

In a quarterly disclosure to the Congress, Google confirmed it shelled out $4.9 million in the fourth quarter on lobbying activities. Google has disclosed in a rece...

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