Its downstream operations have however offset its upstream losses by $747 million. It has maintained its dividend of 10 cents per ordinary share. With British Petroleum reporting a humongous 80% drop in its oil revenues for the first quarter of… Read More ›
The surge in its profits is even more significant since it had reported a loss of $63 million in the previous year. With consumers flocking to U.S. telecom giant thanks to its deep discounts, T-Mobile US Inc., the No.3 wireless… Read More ›
A US$ 4.5 billion Series B round of financing WAS completed by Alibaba’s Ant Financial Services Group, one of the world’s largest online financial services companies, the company said on Tuesday. According to some sources, the company is now valued at… Read More ›
While beating analyst’s expectation of its revenues for the first quarter, although sales of its lighting division, which is set to come out with an IPO, later this year, has shrunk, its profitability has increased due to sales of higher… Read More ›
Login credentials were used as an intermediary step to compromise the very foundation of the global banking system banks and financial institutions depend on to transfer funds to one another. Security researchers from BAE have pointed to a far deeper,… Read More ›
It is yet unclear as to how this will impact Airbus’s delivery schedules? Although Indian carrier IndiGo has continued taking deliveries despite the issue, Qatar Airways refused, with Lufthansa stepping in to take its deliveries. As per airline industry… Read More ›
After France’s economy minister said the country’s energy giant EDF may not give it the green light until September, the decision on whether to go ahead with the £18bn Hinkley Point C nuclear power project has been delayed again. EDF would deliver… Read More ›
While traditional auto manufacturers are heavily invested into combustion engine technology, new comers have an added edge that they carry no such baggage. Everyone knows that tomorrow’s electric car will drive itself, will connect to the internet through high speed,… Read More ›
Aimed at the luxury market, the phone will incorporates technologies which are 2-3 years ahead, of being launched in the consumer market, have military grade encryption, and have a definite flaunt value as well. A British-Israeli start-up will debut a… Read More ›
Both Russia and Saudi Arabia have threatened to ramp up production after less than a week ago both had said they were willing to discuss freezing oil output ahead of the doomed Doha talks last weekend. Both producers will continue… Read More ›
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