Within the price war with Russia, Saudi Arabia increased oil production to a peak of 12 million barrels per day. However, the kingdom cannot find buyers of raw materials as demand keeps falling, and tankers full of oil are forced to leave ports without a destination. Saudi Arabia began to increase...

The American corporation Xerox abandoned the idea of acquiring HP amid the economic consequences of the coronavirus pandemic, CNBC reported with reference to the statement of the corporation. "The current global health crisis and the ensuing macroeconomic and market turmoil caused by COVID-19 have...

Marriott International, the hotel chain’s managing company of the same name, reported a leak of data of about 5.2 million customers. Access to the information of guests was possible through the application, which is used by the hotel chain to provide services to guests. The leak could have happened...

OneWeb, which is creating the eponymous global satellite Internet system, has filed for bankruptcy. It was planned that the company would place 650 satellites in low Earth orbit, with 74 vehicles already launched. OneWeb, along with SpaceX, was one of two companies that began creating global...

The largest auto maker of the world Volkswagen has said that it is burning out about 2 billion euros ($2.2 billion) a week and the German auto group’s Chief Executive Herbert Diess told German TV channel ZDF that if the coronavirus pandemic is not brought under control soon enough, it might need to...

Facebook Inc. warned that the spread of coronavirus is negatively affecting its business, despite an unprecedented increase in the use of company services. The number of messages sent via Facebook services in the countries most seriously affected by coronavirus soared by 50%, while sending video...

While the European plane maker Airbus only partial restarted production after a four-day shutdown even as suppliers cut jobs, its rival United States plane maker Boeing said that it would temporarily stop production of most widebody jets as the coronavirus pandemic hits the global aerospace...

Japanese SoftBank Group plans to sell its stake in the Chinese e-commerce giant Alibaba Group for about $ 14 billion, Bloomberg reports citing sources familiar with the Japanese company’s plans. The Japanese corporation can gain from $ 12 billion to $ 15 billion for a stake in Alibaba, the agency...

On Monday, market cap of Apple Inc. fell below $ 1 trillion; Microsoft Corp. remains the only American company with a market value above this mark. Apple Inc. shares became cheaper by 2.1%, reaching $ 224.37, at the end of the day. The US stock market closed the next session with a decrease...