New outbreaks of the COVID-19 coronavirus in the United States forced Google to postpone opening of offices. The company was about to return some employees from remote work in July, but will now wait until the fall. Google sent a memo to its employees, from which it follows that all of the...

Ineos extends its “interest in acetyls” and adds a “leading aromatics business”. BP will be selling its “global petrochemicals business” as Ineos owned by Jim Ratcliffe will buy the same for “$5 billion”. The move to pull out of a sector has been associated with a key driving factor of “oil demand...

The price for its Covid-19 fighting medicine remdesivir has been priced at $2,340 by Gilead Sciences Inc for a five-day treatment in the United States and in some of the other developed countries.   But this pricing strategy also raises the prospect of the treatment facing severe challenge...

Drop in production, slow delivery and the ongoing pandemic crisis forces Airbus to make “necessary adjustment”. Airbus, in an “imminent restructuring plan”, is considering to cut down “thousands of jobs”, confirmed the chief executive of the company. The discussions are in final stage as it plans...

Minnesota state charges oil companies as guilty of conducting deceitful global warming campaign to keep the public in the dark. Last week, Minnesota state has filed a case of lawsuit against three companies, namely Exxon Mobil Corp, Koch Industries and the American Petroleum Institute. The charges...

Ford evaluates its global online presence as it halts its social media advertisement in the U.S. Today Ford Motor Co has informed that for the coming thirty days, it will be putting on hold its social media based advertisements in the U.S. as a part of a movement by a group of companies who have...

German business just had a particularly bad week.   While an accounting scandal resulted in the collapse of one of the biggest public companies of the country, another company was a forced to pay billions in damages. And a leading family-owned meat packing firm was dragged into controversy...

After being launched earlier this month, the “Stop Hate for Profit” campaign is now being taken global.   Organizers of the Facebook Inc advertising boycott campaign, which has already got support form a growing number of major businesses and companies, are now getting ready to appeal to...

Brussels will demand an audit against the German Federal Financial Supervisory Authority (BaFin) for non-compliance with its responsibilities for the supervision of fintech company Wirecard AG, the collapse of which threatens investor confidence in the EU, Financial Times reports. Valdis...