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According To S&P, China's Fiscal Stimulus Is Becoming Less Effective 04/19/2024

Florida Woman Who Alleged Baby Powder From J&J Triggered Her Cancer Loses Lawsuit 04/19/2024

S&P downgrades Israel's ratings to 'A+' from 'AA-' due to rising geopolitical risks 04/22/2024

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Business & Finance

Volkswagen Could Cut Jobs If Pandemic Persist, Burning $2.2 Billion A Week

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 announces jump in use of services, revenue growth not expected

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...

Airplane Manufacturers And Suppliers Hit Hard By Coronavirus

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...

SoftBank to sell its stake in Alibaba for $14B

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...

Apple's market cap falls below $1 trillion

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...

Amazon’s Sale Benefit Amid Coronavirus Outbreak, Warehouse Workers Receive Pay Hike

Within a week’s time Amazon raised the pay roll’s margin twice for its warehouse workers. In an attempt to meet the growing demand for online shopping as more and more people stuck at home due to coronavirus breakdown opt to shop online, Amazon.com Inc has announced that the company will be...

Increased Demand From Chips, Laptops And Network Goods As Employees Work Form Home

There is a surge for laptops and network peripherals as well as components because of more and more employees staying back home and working from home in order to slow down the spread of the coronavirus pandemic. This has inevitably also increased demand for supply china products such as chips....

SoftBank To Buyback More Shares And Reduce Debt In A $41 Billion Of Asset Sales Plan

An unprecedented move is being planned by SoftBank Group Corp to restore investor confidence as the investing company wants to raise as much as $41 billion to buy back shares and reduce debt. The shares of the company as well as those of its portfolio companies has been plummeted by the rout of the...

United Airlines restores a number of international flights

The US airline United Airlines, one of the largest in the world, will restore some international flights, but in general there will be only 10% of the usually scheduled international flights in April, the company said in a press release. Earlier, US airlines announced a sharp reduction in...

UK Government Will Pay 80% Of Wages Of Workers Laid Off Due To Virus Pandemic

The United Kingdom government has said that wages of employees who are unable to work because of the coronavirus pandemic will be paid by it which is seen a very radical measure to secure the hobs of such employees. The government said that it will pay about 80 per cent of the...