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US And TikTok Want A Quick Timeline With A Decision On A Possible Ban By December 6 05/18/2024

Tesla to invest over $500 million to expand its network of EV fast charging stations 05/13/2024

UK authorities cut stake in NatWest bank below 27 per cent 05/14/2024

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Business & Finance

Loan Offers Worth $2.86 Billion To Firms Affected By Coronavirus Made By Alibaba

Companies that have been affected financially by the rapid spread of coronavirus in China can avail loans worth a total of 20 billion yuan or $2.86 billion with special treatment and much more better terms for companies that are located in Hubei province of China. These loans will be offered by the...

Reports Forecast A 50% Drop In Smartphone Sale In China In First Quarter

A number of recently published research reports forecast a sharp drop of almost 50 per cent in the sale of smartphones in China in the first quarter because many of the retail stores and shops have been closed as well as the temporary shutdown in the production units – many of which continue to...

Chinese carmakers and Apple's supplier start producing mouth masks

Due to the shortage of medical masks, Asian businesses is forced to re-profile its production facilities. Now, oil companies, car companies and even Apple are producing coronavirus protection products. The shortage of medical masks is forcing Asian manufacturers - from automobile companies to...

Robo-advisers market reaches $1.4 trillion

According to the forecasts of the LearnBonds financial portal, the global industry of automated robotic investment advisers (robotic advisers) this year will reach $ 1.4 trillion, which is an increase of 47% from last year. By 2023, the industry will reach $ 2.5 trillion due to the constant growth...

SpaceX Rival OneWeb Launches 34 Satellites In Space Internet Race With Starlink Mega Constellation

In what is being seen as the beginning of the war over high speed internet across the globe between the space internet companies OneWeb and SpaceX, the former successfully launched and put into orbit more than 30 satellites designed exclusively for facilitating internet connections. ...

Coronavirus Infection Of Chinese Workers Threaten Business Of Amazon Merchants

Fear of the fast spreading coronovirus could keep Chinese workers of Amazon.com Inc sellers away from work for longer which could result in shortage of products for the sellers. A Reuters report mentions about Brandon Young, owner of a company that sells portable Apple Inc watch chargers...

J&J fined $750M in USA because of asbestos in talc

Court in the US state of New Jersey ordered Johnson & Johnson (J&J) to pay $ 750 million in compensation for moral damages to four plaintiffs who claimed to be ill because of asbestos in the manufacturer’s talcum powder, the Wall Street Journal reported. The judge, presiding over the process...

Volkswagen's Skoda Pins Its India Revival Hopes On Tougher Emission Norms

The hope that the Indian government will enhance the regulations for cars sold in India to levels that are comparable with the developed market is being latched on to by Volkswagen-owned Czech carmaker Skoda for to turn around its fortunes in a market where its growth has stalled. Skoda...

Fourth Quarter Loss Of $1.7 Billion And Weak 2020 Forecast Reported By Ford

Worse than expected fourth quarter results from Ford pushed its shares down by 9.5 per cent pm Tuesday. The United States based auto major made a loss during the quarter and its forecast for 2020 was well below the market expectations. The company blamed higher warranty costs, investments in future...

NYSE owner to buy eBay for $ 30 billion

ICE, the owner of the New York Stock Exchange, has made an offer to purchase an eBay online marketplace, WSJ sources said. As part of the deal, eBay could be valued at more than $ 30 billion. Intercontinental Exchange (ICE), which owns the New York Stock Exchange, has made an offer to purchase the...