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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

U.S. Slashes China ‘De Minimis’ Tariff to 54% as Trade Truce Takes Effect 05/13/2025

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Business & Finance

Bank of England: Financial sector employees will not be able to quickly and massively return to offices

The Bank of England believes that employees of financial companies and banks will not be able to quickly return to their offices as the British government wants, due to the current security regulations due to COVID-19. This opinion was expressed on Wednesday by the executive director of the Bank of...

Surge In Sale For Lego As Housebound Families During Pandmeic Turn To Play

As the novel coronavirus pandemic forced families to stay indoors and spend more time playing together at home, there has been an increased demand for the games of Lego which propped the sales of the company by 14 per cent in the first six months of the current year, said the Danish toy maker on...

Wholesale e-Commerce Service Started In India By Walmart's Flipkart

In a major push to get into the lanes and by-lanes of India, Walmart owned Indian e-retailer Flipkart launched its online wholesale service targeted for the small mom-and-pop stores and other small businesses. The company announced this new venture on Wednesday and this new offering is aimed to...

Virgin Atlantic resumes flights from UK to Mumbai, Delhi, Tel Aviv and several US cities

British airline Virgin Atlantic, which is experiencing financial problems due to the COVID-19 crisis, will resume flights to Mumbai, Delhi, Tel Aviv, Lagos, Washington, Las Vegas, Boston and Seattle, according to the air carrier. The airline intends to resume flights from the UK to 17 destinations...

China's largest banks show record drop in profits in a decade

Major Chinese banks have reported the most significant drop in profits in more than a decade amid rising bad debts and the authorities’ efforts to spur economic recovery. Profits of Industrial & Commercial Bank of China Ltd. (ICBC), the world's largest bank by assets, China Construction Bank...

Google In Denmark Has Not Provisioned For Tax Authority Review

Last year, Google in Denmark earned a “revenue of 284 million Danish crowns” while it employs close to 100 people in the country. Google’s Denmark accounts are under review by tax authorities in Denmark. The said review is being carried out for determining if the tech giant holds any “outstanding...

Philips To Cut 2020 Earning Overlook Following Ventilator Order Cancellation

The U.S Department of Health cancels most of its ventilator orders from Philips. Philips has informed that the “U.S. Department of Health” has withdrawn most of the order for “43,000 ventilators”, as result, the company is cutting down on its “2020 earnings outlook”. The “U.S. Congress House...

Trump’s Executive Order On TikTok Backed By 40% Of Americans, Shows A Poll

A Reuters/Ipsos conducted national poll has revealed that at lets forty percent of Americans supported the ban on the Chinese owned short video sharing app TikTok by the United States President Donald Trump if its owner. Chinese company ByteDance, is unable to sell the US operations of the app to...

Elbit Systems Bags A ‘$79 Million’ U.S. Army Contract

Ebit Systems will provide equipment for “Bradley Infantry Fighting Vehicle”. Elbit Systems is a defence company of Israel which has bagged a contract from the U.S. Army through its U.S. subsidiary. Under the said contract the company will be supplying “gunner hand stations, commander hand stations...

Plastic industry sneaking into new markets: roads, banknotes or even braces

Few materials have conquered new market segments faster and more aggressively than plastic. The oil-based material, which didn’t even exist a century ago, is now found in virtually every corner of our lives, from automobiles to computers, and from home appliances to clothing. But every market...