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Jeff Bezos world's third-richest, surpasses Warren Buffett: Forbes

Amazon founder and CEO Jeff Bezos has dislodged Warren Buffett as the third-richest person globally with an estimated worth of USD 65.3 billion at Thursday's market close, says Forbes real-time wealth tracker.

Microsoft to cut additional 2,850 jobs from smartphone sector Microsoft to cut additional 2,850 jobs from smartphone sector

Hurt by a failed USD 7.6 billion Nokia experiment amid growing losses in the smartphone hardware business segment, Microsoft has announced to lay off an additional 2,850 workers to the previously 1,850 jobs it said it would cut.

Japan legal claim threatens Tata assets in UK: Report

A dispute over alleged unpaid dues between Japan's mobile phone operator, NTT DoCoMo, and the Tata group could involve the latter's assets in Britain, according to a UK media report Thursday.

When Microsoft almost bought Yahoo for $45 billion! When Microsoft almost bought Yahoo for $45 billion!

US telecom giant Verizon Communications has agreed to buy the once internet king Yahoo for a 'meagre' USD 4.8 billion putting the company's 20 year reign as an independent entity to an end.

Brexit shockwaves hit British jobs, consumer confidence Brexit shockwaves hit British jobs, consumer confidence

Shockwaves from Britain`s vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country`s biggest banks, consumer confidence plunging, and construction and car sales slowing.

Lloyds to cut 3,000 jobs, close more branches after Brexit shock Lloyds to cut 3,000 jobs, close more branches after Brexit shock

Lloyds Banking Group is to step up its cost cutting plans to help to offset a more testing economic environment caused by Britain`s vote to quit the European Union.

Samsung beat Apple in smartphone shipments amid positive results

Riding on the strong sales of its Galaxy S7 and Galaxy S7 Edge smartphones, Samsung Electronics on Thursday declared 8.14 trillion won ($7billion) year on-year operating profit - 18 per cent - in the second quarter results.

Facebook quarterly profit surges 186% to $2 billion Facebook quarterly profit surges 186% to $2 billion

Facebook said Wednesday its profit leapt 186 per cent from a year ago to USD 2 billion, as the world's biggest social network blasted past most analyst forecasts for the second quarter.

British economy grows 0.6% in second quarter British economy grows 0.6% in second quarter

Britain`s economic growth unexpectedly accelerated in the second quarter from the previous three months, official data showed Wednesday.

IMF says Egypt seeking financial support

Egypt has asked the International Monetary Fund for financial support as it struggles to strengthen its economy, the IMF said.

 Volkswagen gets preliminary approval for US diesel settlement Volkswagen gets preliminary approval for US diesel settlement

A federal judge in California granted preliminary approval on Tuesday to a $14.7 billion settlement over Volkswagen`s emissions cheating scandal.

Read –Yahoo CEO Marissa Mayer's letter to employees Read –Yahoo CEO Marissa Mayer's letter to employees

Marissa Mayer, CEO of Yahoo, wrote a letter to employees soon after announcement of the acquisition came.

Asia markets move cautiously ahead of bank meetings

Tokyo stocks sank on a strong yen as traders await central bank meetings in Japan and the United States this week, while other Asian markets fluctuated following a negative lead from Wall Street.

Brexit a danger to US financial stability: Treasury

 Britain`s vote last month to exit the European Union has raised the danger level for US financial stability, according to a US Treasury Department report released Monday.

BRICS Employment Working Group to meet on July 27-28 BRICS Employment Working Group to meet on July 27-28

The BRICS Employment Working Group's first two-day meet will begin on July 27 in Hyderabad with focus on shaping the agenda for labour and employment in these emerging economies.

Verizon buys Yahoo for $4.8 billion: 10 things to know Verizon buys Yahoo for $4.8 billion: 10 things to know

Internet giant Yahoo on Monday announced that it has agreed a USD 4.83 billion deal to sell its core business to US tech giant Verizon Communications.

End of an era! Verizon buys Yahoo for $4.8 billion End of an era! Verizon buys Yahoo for $4.8 billion

Yahoo agreed to sell its core assets to telecom giant Verizon for $4.8 billion, ending a 20-year run by the internet pioneer as an independent company, the firms announced Monday.

Nintendo shares plunge 17% on Pokemon Go warning Nintendo shares plunge 17% on Pokemon Go warning

Shares of Nintendo plunged Monday after it warned that the Pokemon Go mania sweeping the world would not translate into bumper profits, taking the wind out of a dizzying rally that saw the firm`s value more than double.

Yahoo nears sale of core assets to Verizon for $5 billion: Report Yahoo nears sale of core assets to Verizon for $5 billion: Report

Yahoo is near a deal to sell its core online assets, ending a 20-year run as an independent company for one of the most storied names on the internet.

Japan logs first half-year trade surplus since Fukushima

Japan posted its first half-year trade surplus since the 2011 Fukushima nuclear disaster, which sent the country`s energy import bills soaring, data showed Monday.