On Wednesday, the crude oil prices were flying up at near 2019 highs, backed by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and also due to U.S sanction on oil exporters Iran and Venezuela. Analysts say that an increase in the U.S production and economic slowdown prediction
The Supreme Court of India had dealt a major boost to Ericsson when it ordered Reliance Communications chief Anil Ambani ordered him to pay the Swedish telecom equipment giant a sum of Rs. 5.5 billion within 4 weeks. In its verdict today, the Supreme Court found Anil Ambani to be
American automobile manufacturing giant Ford Motor Co is all set to exit the truck manufacturing business in South America, and as a part of that strategy, the company announced that they were also going to close their oldest plant in Brazil. The move is part of a larger restructuring from
The trade war between the United States and China has been one of the biggest talking points in the world for quite some time now, and the primary reason behind it is the fact that the outcome of those talks could have huge economic implications on the rest of
The switch to mobile payments has continued apace over the past decade and needless to say, it has brought financial inclusion for previously unbanked sections of the population in many countries. The new government in Mexico, led by Andres Manuel Lopez Obrador, is planning to make significant investments in the
The discount-shoes retail chain, Payless ShoeSource Inc. announced that it would be shutting down its business in the United States. Along with the retail stores, the company will also be ending its e-commerce business in the country. Payless will be closing all of its 2100 stores across the US and