Court overturns order blocking Reliance Industries deal with Future Retail
An Indian court has overturned an order that blocks Reliance Industries acquisition of Future Retail, causing a legal loss to Amazon.
E-commerce giant Amazon took...
Tesla summoned by Chinese regulators over safety, quality issues
American electric vehicle company Tesla has been summoned by five Chinese regulators over quality and safety issues.
The Chinese regulators decided to summon Tesla over...
Boohoo acquires Dorothy Perkins, Wallis, Burton brands from Arcadia
Retail group Arcadia has sold its Dorothy Perkins, Wallis and Burton brands to online fashion retailer Boohoo for £25.2 million.
Under the Arcadia deal, Boohoo...
Semiconductor shortage threatens global automobile production
The ongoing semiconductor shortage is threatening to impact the global automobile industry by causing production cuts.
According to American automaker Ford, the semiconductor shortage could...
Japanese beer firm Kirin pulls out of Myanmar partnership
Japanese beer giant Kirin has announced its decision to pull out of a partnership in Myanmar, following the coup.
Kirin will terminate its partnership with...
Parler board of directors terminate its CEO John Matze
Parler chief executive officer (CEO) John Matze has been terminated by the board of the embattled free speech social media firm.
Parler investor and right-wing...
Amazon successfully blocks Reliance Industries deal with Future Retail
E-commerce giant Amazon has won a legal battle to block a deal between Reliance Industries and Future Retail.
A New Delhi court has ruled in...
Amazon founder Jeff Bezos to resign as CEO, will be executive chairman
Jeff Bezos, founder of Amazon, will step down as chief executive officer (CEO) of the firm and will become executive chairman.
After serving as CEO...
Impossible Foods to reduce suggested retail prices for grocery stores
Plant-based meat producer Impossible Foods will be lowering its suggested prices for US grocery stores by 20%.
The decision of Impossible Foods to cut its...
Pfizer forecasts $15 billion in Covid-19 vaccine sales
Pharmaceutical giant Pfizer is forecasting $15 billion of sales this year of its Covid-19 vaccine, which it developed with German firm BioNTech.
Pfizer expects to...
