Business News

walmart to sell chinese e commerce business to JD.com

'Do Not Sell My Info': US retailers rush to comply with California's new privacy law

Others like Home Depot will allow shoppers not just in California but around the country to access such information online

Dec 30, 2019

By Reuters

Uber acquisition of Careem approved by Egypt competition regulators

The accusation was announced in March, following over nine months of intermittent talks between the two ride-hailing companies

Dec 29, 2019

By IBTimes SG Desk

Spotify to stop running political ads on its platform from early 2020

The company said that it has decided to "pause" political ads on its platform as it doesn't have the necessary resources to properly vet such ads

Dec 29, 2019

By R. Ghosh

Facebook Us election 2020

Toyota fined $12.5 million by China for price-fixing of Lexus cars

Toyota fixed the minimum sales and resale prices of Lexus cars in Jiangsu province between 2015 and 2018

Dec 28, 2019

By R. Ghosh

Elon Musk keeps his promise; Tesla to start Model 3 deliveries in China from December 30

The US electric carmaker will deliver 15 vehicles on Monday to Chinese customers who are all Tesla employees

Dec 28, 2019

By R. Ghosh

Elon musk

Turkey unveils $3.7-billion home-grown electric car project

Turkey said it plans to produce up to 175,000 vehicles annually under its domestic electric car project, set to be unveiled by President Tayyip Erdogan on Friday

Dec 27, 2019

By Reuters

Holiday season sales get a boost as shoppers spent a record online this year

Holiday season sales increased 3.4% driven by strong online spending, which jumped a record 18.8% year over year

Dec 27, 2019

By R. Ghosh

Russian government considers buying Sberbank from central bank: agencies

The finance ministry said that Siluanov was referring to the overall issue of buying the central bank's stake in Sberbank but not by using the NWF money

Dec 26, 2019

By Reuters

Tiffany sees rise in holiday sales on higher China spending

Last year, holiday sales in Asia-Pacific and the Americas fell 3% and 1%, which Chief Executive Officer Alessandro Bogliolo attributed to a slowdown in tourism and also softening demand among locals in its home market

Dec 26, 2019

By Reuters

Donald Trump says he and Xi will sign China trade deal

US Trade Representative Robert Lighthizer said that representatives from both the countries will sign the Phase 1 trade deal agreement in January

Dec 25, 2019

By Reuters

Uber founder Travis Kalanick parts ways with company; sells off all his shares

Kalanick had aggressively started selling off his stake in the company after the stock lockup period expired in November

Dec 25, 2019

By R. Ghosh

ByteDance has no plans of selling TikTok; denies media report

ByteDance has lately been making efforts to assure regulators in the US that user data concerning TikTok is absolutely safe in the US

Dec 25, 2019

By R. Ghosh

Electric car startup Rivian raises $1.3bn more as Amazon, Ford up stake in company

Rivian had earlier raised $2.2bn and has now become one of the better-funded companies in the already crowded electric vehicles market

Dec 24, 2019

By R. Ghosh

Elon musk Amazon prime

Boeing sacks CEO Dennis Muilenburg as company's struggle to return 737 Max to service continues

Dennis Muilenburg will step down immediately and be replaced by the company's board Chairman David L. Calhoun

Dec 24, 2019

By R. Ghosh

Credit Suisse admits surveillance of second executive

An investigation into the spying finds Bouee and a security boss under him were alone responsible for the order.

Dec 23, 2019

By Reuters

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