With the aim of giving itself more flexibility for mergers and acquisitions amid the economic and business hit due to the novel coronavirus pandemic, Unilever has proposed to set up a single company in Britain and to do away with its dual Anglo-Dutch legal structure.   The dual structure of...

In the UK, several thousand pubs will not be able to resume work when the restrictions associated with the coronavirus are lifted, The Independent writes on Thursday. According to the newspaper, the trade industry organization UK Hospitality sent a letter to the country's ministers, in which it...

A moratorium for one year on the use of Amazon’s facial recognition technology for use by the police will be implemented, the United States based tech giant has said. The company had earlier defended its business of facial recognition but, according to analysts, it was prompted to take this...

An export ban on hydroxychloroquine, the drug against malaria touted to be "game changer" by the United States president Donald Trump against Covid-19 pandemic, has been lifted by the Indian government.     "Department of Pharmaceuticals has approved the lifting of ban on Export of...

On Wednesday, Ford announced a recall of a total of 2.5 million cars of various models in North America due to potential problems with closing doors and leaking brake fluid, the manufacturer said in a statement. “If the door closes after several attempts to do this, then there is a possibility that...

According to a report published by the news agency Reuters, about 15 per cent of its workforce will be laid off by BP because of the economic hit form the novel coronavirus pandemic. This is a part of the plans of the company’s Chief Executive Bernard Looney to shift the focus of the oil and gas...

As tensions rise between the United States and China, the route of raising money by getting listed in the US stock exchanges is being planned to be put off by companies of China. This was reported by the news agency Reuters quoting information from lawyers, bankers, accountants and regulators...

The British oil and gas company BP plans to reduce about 15% of its employees due to the situation with coronavirus, as well as adapting to the trend towards the transition to renewable energy, Reuters reported with reference to sources in the company. "Bernard Looney told employees during an...

Latam, one of South America’s largest airlines, needs $ 2 billion to deal with the crisis because of the novel coronavirus pandemic, the company’s CEO Roberto Alvo told The Clinic. "According to our estimates, we need $ 2 billion in aid or financing," Alvo said. He explained that the company has...