Amazon plans to close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals such as Alibaba and JD.com, a report said on Thursday. The US e-commerce pioneer will maintain other operations in China such as Amazon Web...

Apple Inc was accused in a new lawsuit of securities fraud for concealing a slump in demand for iPhones, particularly in China, leading to a $74 billion one-day slide in its market value once the truth became known. The complaint filed on Tuesday seeks damages for investors who bought Apple...

European car sales fell 3.9 percent in March compared to the same month last year, marking the seventh-straight monthly drop, an industry body said Wednesday. "Demand decreased in all major EU markets," the European Automobile Manufacturers Association said, with the biggest falls in Italy,...

Italy's competition authority said Tuesday it had opened an investigation into Amazon for possible abuse of its dominant position in online commerce and logistics. The authority said it suspected that the retail giant had been giving preferential exposure to third-party vendors on its...