In the first quarter of 2020, the net profit of the world's largest social network Facebook almost doubled in annual terms and amounted to $ 4.902 billion, the company said in a press release. Diluted earnings per share were $ 1.71, compared with $ 0.85 a year earlier. Revenues of the social...

Shutdowns of its stores because of coronavirus pandemic related restrictions has resulted a a fall in the global sales of Starbucks in the first three months of 2020. In the current quarter the business environment is likely to deteriorate further before leveling out later this summer, warned the...

Propelled by double digit growth in advertising in Google despite the economic slowdown from the novel coronavirus, Apple Alphabet Inc beat analysts’ estimate for quarterly revenue for the latest completed quarter.   Following the announcement, the shares of Alphabet increased by 4 per cent....

Facebook C.E.O and Reliance’s Ambani are in talks for the formers “biggest purchase since acquiring WhatsApp”. Amid the coronavirus pandemic, as “assets and oil” continue to nosedive, the business tycoon of India, Mukesh Ambani needed to secure a winning deal to prevent “investor exodus from...

US PepsiCo Inc., one of the world's largest soft drink manufacturers, cut its net profit in the first fiscal quarter of this year and revoked its annual forecast due to uncertainty amid the coronavirus pandemic. According to the company’s press release, its net profit for the 12 weeks ending March...

Airbus employees, a total of 135,000 people, have been warned of possible deeper cuts in jobs, the European plane maker said in a bleak assessment about the the impact of the coronavirus pandemic crisis on its business. The airline has also warned that its very existence is at stake because of the...

The biggest factory of the biggest German car maker Volkswagen started to reopen on Monday even as the broader industry in Europe is trying to get back to work. The novel coronavirus pandemic has hit Europe very hard resulting in plummeting of demand and piling up of inventory.   Lockdown...

Head of the European aerospace concern Airbus SE, Guillaume Faury, warned of a threat to the company's survival in the context of the coronavirus pandemic, writes the Financial Times, citing a letter from the top manager. “We are losing money at an unprecedented rate, which threatens the existence...

There was an astounding 200 per cent jump in the number of domestic bookings in China for the first half of April compared to the same period in the previous month of March, according to data released by the home sharing startup Airbnb Inc, even as global travelling and even travelling within a...