An export ban on hydroxychloroquine, the drug against malaria touted to be "game changer" by the United States president Donald Trump against Covid-19 pandemic, has been lifted by the Indian government.     "Department of Pharmaceuticals has approved the lifting of ban on Export of...

On Wednesday, Ford announced a recall of a total of 2.5 million cars of various models in North America due to potential problems with closing doors and leaking brake fluid, the manufacturer said in a statement. “If the door closes after several attempts to do this, then there is a possibility that...

According to a report published by the news agency Reuters, about 15 per cent of its workforce will be laid off by BP because of the economic hit form the novel coronavirus pandemic. This is a part of the plans of the company’s Chief Executive Bernard Looney to shift the focus of the oil and gas...

As tensions rise between the United States and China, the route of raising money by getting listed in the US stock exchanges is being planned to be put off by companies of China. This was reported by the news agency Reuters quoting information from lawyers, bankers, accountants and regulators...

The British oil and gas company BP plans to reduce about 15% of its employees due to the situation with coronavirus, as well as adapting to the trend towards the transition to renewable energy, Reuters reported with reference to sources in the company. "Bernard Looney told employees during an...

Latam, one of South America’s largest airlines, needs $ 2 billion to deal with the crisis because of the novel coronavirus pandemic, the company’s CEO Roberto Alvo told The Clinic. "According to our estimates, we need $ 2 billion in aid or financing," Alvo said. He explained that the company has...

The backing of imposition of China’s national security law for Hong Kong by Beijing by HSBC and Standard Chartered was severely criticized by senior British politicians. The stance taken by the two banks is in conflict with the British government’s opposition to recent strategy of China about the...

Net loss of the Japanese electronics giant Toshiba Corporation for the fiscal year 2019-2020 (ended March 31) amounted to 114.6 billion yen ($ 1.05 billion) against a profit of 1.013 trillion yen ($ 9.3 billion) a year earlier, according to the company’s reporting. The loss per share was 236.39 yen...

German automaker Volkswagen AG closed a $ 2.6 billion deal with Argo Al, an American manufacturer of unmanned vehicle systems. Under the terms of the agreement concluded in July 2019, the European headquarters of Argo will be created on the basis of the VW unmanned vehicle development unit in...