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...

According to data from energy analysts at Rystad, a string of delays to investments by energy companies because of the companies trying to adjust to the continued drop in crude oil prices will result in a drop of 6 per cent in global oil supplies compared to what is expected by 2030.   In...

According to the Wall Street Journal, which analyzed the data of the Federal Deposit Insurance Corporation (FDIC), deposits in US banks for the first quarter grew by $ 1 trillion in total, which is record quarterly dynamics. More than half of the new deposits ($ 590 billion) were attracted by the...