UK retailer Wilko collapses due to ‘big debts’; 12,500 jobs at risk

British household goods company Wilko has collapsed owing to big debts, its boss announced Thursday, impacting…

Tencent and Alibaba’s shares rise as China’s state planner acknowledges their contributions to tech innovation

China’s National Development and Reform Commission (NDRC), said that platform companies like Tencent and Alibaba have…

Big oil firms will push their agenda at Davos, say protesting climate activists

Climate activists demonstrated against large oil companies at the World Economic Forum (WEF), claiming that these…

Online retail giant Amazon reaches settlement with EU, agrees to make big business changes, skips 10% fine

US online retail giant Amazon has reached a settlement with the European Union and has agreed…