Companies making consumer products have stopped production of niche items such as scented bleach and have instead sped up manufacturing of more basic merchandise which is in high demand as food and many other essentials are flying off the shelf of supermarkets.   Shortages of essential items...

Contrary to what many of the leading tech companies have been announcing with reference to their financial performance amid the coronavirus pandemic as announced by the World Health Organization (WHO), Oracle said that there will be a "minimal impact" on the fourth-quarter revenue of the company...

The spread of coronavirus infections in countries all across Europe has prompted the United States president Donald Trump to suspend all flights from mainland Europe entering the US for 30 days.   The suspension will start from midnight on Friday but will not be applicable for the United...

After the failure of the talks between the OPEC and Russia to further deepen oil production cuts last week, the state controlled oil giant Saudi Aramco has been asked by the Saudi authorities to increase output capacity of the country by 1 million barrels a day as oil producing countries now try to...

The Venezuelan Interior Minister Nestor Reverol announced on Saturday about new detentions among employees and management of the state oil and gas corporation PDVSA, including 38 detained crew of the tanker Negra Hipolita, president of PDV Marina and his assistant, as well as 6 managers. “As part...

Investors push Barclays towards phasing out of financing into fossil fuel industry. Jupiter Asset Management is among the top twenty five investors of Barclays which has revealed its plans of supporting Barclays “shareholder resolution” which aims to cut the bank’s investments into the “fossil fuel...

Online social media platforms are making efforts to spread the right information about coronavirus outbreak. Facebook Inc’s C.E.O, Mark Zuckerberg, has informed that the company plans on giving “free advertisement” to WHO, World Health Organisation, for ensuring to stop the spread of misinformation...

United States based companies in the airline, cruise and travel industries that have been hit by the coronavirus outbreak could be given a tax relief by the Trump administration to help them to cope with the virus hit as the outbreak has hit revenues by a sudden and huge drop in bookings, said...

The United States auto major General Motors has announced an investment of more than $20 billion till 20205 that it will make on development of technology and production capabilities for the next generation of all-electric and autonomous vehicles in its efforts to make a dent in the fast-growing...