As Honda fails to increase “global automobile operations” and witnesses a drop in profit levels, the company has decided to terminate manufacturing process in its Philippine based unit. Last week, Honda Motor Co Ltd’s Philippine based unit informed that in the coming month it will close down the...

HSBC British Bank released the results of 2019 and announced upcoming large-scale reforms. The bank’s shareholder earnings fell by 53% to $ 6 billion, due to write-offs of $ 7.3 billion in global banking and commercial banking. Earnings before taxes fell by 33% to $ 13.3 billion, while analysts had...

According to a report by an aviation consulting firm, there was an almost 50 per cent drop in 2019 in the number of deaths in major air crashes around the globe.   In 2019, there were eight fatal air accidents which resulted in the death of 257 people, said the To70 consultancy on Wednesday....

Banks around the world are announcing job cuts, which could be the biggest in four years, cutting back on spending amid a slowdown in the global economy and a shift to digital, Bloomberg writes. According to the companies and trade unions cited by the agency, this year more than 50 banks announced...

Kalanick to focus on his “ghost kitchen” business which has already gathered around “$400 million” from investors. Travis Kalanick is the co-founder of Uber, who is known for his aggressive approach. Reports have been circulating about his resignation from the company as he seeks to enter into a...

Uber founder Travis Kalanick will leave the board of directors on December 31. He will focus on his new business and charity. Founder and former CEO of Uber, Travis Kalanick, will officially leave the company's board of directors on December 31. It is reported by The Wall Street Journal, citing a...

Apple’s Chief Design Officer Jony Ive officially left the company. It is reported by The Verge. The photograph and the name of Ive disappeared on the official website of the corporation. Previously, they have been published in the section of the company's managers. The fact that Ive is going to...

Following the departure of its co-founder Adam Neumann, the United States based office space sharing and leasing company WeWork is now looking to identify and hire anew new chief executive, said reports quoting information from sources familiar with the matter, even as the company strives to put a...

Fortune of the American entrepreneur, Elon Musk, increased by $ 2 billion over the week thanks to the profit of his company Tesla, Forbes magazine writes. Although analysts forecasted losses for the company after the close of trading on October 23, Tesla recorded a profit of $ 1.86 per share. The...