In its latest plans of shifting out it production facilities from China – the second largest economy of the world, South Korean electronics giant Samsung has now decided to stop production of televisions at the only remaining TV production unit in the country by the end of November, said a...

According to the head of Oyo Brazil, Japan’s Softbank Group will get involved in a direct role in the management of its hospitality startup Oyo’s operations in Latin America amid the novel coronaviorus pandemic hit to the travel and tourism industry. For this purpose, a joint venture will be formed...

The diversification of its business has helped the French consulting and IT services provider Capgemini to tide over the economic impact of the novel coronavirus pandemic which helped the company to forecast an expected double-digit revenue growth in 2020 along with forecasting a gradual recovery...

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...

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...

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...

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...

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...

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...