In a statement, EBay Inc said, it is in discussion with multiple parties on a potential deal revolving around its classified-ads business. It expects to provide an update regarding the process in the coming months. In a report the Wall Street Journal had stated, eBay is in the process of reaching out to potential buyers to…
In what will be the largest deal in the global banking since the global economic crisis of 2008, the online brokerage E-Trade Financial has been announced to be acquired by Morgan Stanley in a deal worth $13bn. According to analysts, this acquisition clearly marks a departure of the strategy and focus of the Wall Street…
The global airline industry body has issued a warning of a total loss of about $29.3bn in revenue for the current year because of the outbreak of the coronavirus. This year, there will be a drop in the demand for air travel for the first time in more than a decade, predicted the International Air…
In a statement, the chief executive officer of Airbus SE said, the planemaker plans on investing between $539 million-$1.08 billion (500 million euros and 1 billion euros) in 2020 on its A220 passenger jet program. Earlier in February, Airbus had raised its stake in the program, known as Airbus Canada, to 75%, up from 50.1%,…
The huge outbreak of the coronavirus in China and elsewhere in Asia has dampened demand of Air travel in Asia which has forced airlines to issue warnings of a severe financial impact. While Air France-KLM estimated that the bit to it because of the coronavirus would be up to €200m, Australia’s Qantas expects a hit…
Strong growth recorded in its dialysis business and in the sale of infusion drugs unit in emerging markets helped the German healthcare group Fresenius to beat market expectations for the fourth quarter of last year and boosted confidence of the company to announce that it expects that its net income for 2020 will increase. 2018…
On Wednesday, Indonesia’s Finance Minister Sri Mulyani Indrawati submitted a proposal to the country’s parliament proposing to levy tariffs on sugar and artificially sugar-sweetened drinks; she has also proposed levying taxes on vehicles that emit carbon dioxide. She has also asked parliament to reconsider her proposal to impose an excise on plastic bags in order…
Uber Technologies Inc will be closing its office in downtown Los Angeles in order to focus on its bigger locations. This office used to employ staff for customer support. The development will impact 80 jobs. Uber’s spokesman confirmed the closure in a statement. Customer support jobs will be shifted Uber’s office in Manila, reported the…
It was just months ago that employees of Amazon.com had publicly put pressure on founder and largest shareholder of the company Jeff Bezos, as well as the company to do more to g=fight climate change. Bezos, the richest man in the world, now has announced that he would personally contribute a part of his wealth…
The working conditions and safety practices of Amaiozn.com in the United Kingdom are under the scanner as calls for a parliamentary inquiry into safety of workers at the largest e-commerce company of world get louder as reports reveal that in the past three years, more than 600 workers of the company have either been seriously…
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