The richest man in the world, Amazon CEO Jeff Bezos, earned over $ 6 billion in a day due to record growth in stock prices, Forbes reported. According to the newspaper, on Tuesday at the close of trading, Amazon's stock price rose 5.3% to $ 2,238 per share. As a result, Forbes estimates that...

Noel Quinn has been appointed CEO of the British-Hong Kong banking group HSBC Holdings plc, the company’s website reads. "HSBC announces that Noel Quinn has been appointed the group’s CEO. The appointment will take effect immediately," the release notes. Noel Quinn has been acting CEO since...

Amazon.com, the world's largest online retailer, intends to additionally hire 100,000 warehouse workers and couriers in the United States due to the growth of online orders amid the outbreak of the coronavirus COVID-19. A message posted on the company's blog notes that Amazon is opening positions...

The coronavirus outbreak in the United States has forced the postponement of an expected defence of a $2.2-billion deal in court by Elon Musk which was scheduled to begin on Monday.   No new date for the trail has been set.   This case is related to the acquisition of SolarCity in...

The new development at Walt Disney leave analysts quite surprised. The C.E.O of Walt Disney, Robert Iger to step down from his post while Bob Chapek, the head of Disney Parks will take up the role, informed the company on Tuesday, 25 February 2020. This puts a full stop to years long speculations...

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...