On Friday, Apple Inc’s spokesman said, it is reopening all of its 42 branded stores in China after more than a month since they have been shut due to China’s coronavirus. The iPhone maker’s Chinese website listed the opening time for all stores, which varies from 10:00 am to 11:00 am local time. In early…
United States based global retailer Amazon.com has announced that all of its employees will be allowed to take unlimited sick days this month. However sick pay will be given to those employees who have been confirmed to be infected with the virus that causes the disease called Covid19. Employees in many of the company’s warehouses…
A new technology that evidently helps computers to better understand human communication will be commercialized by IBM. With the improvement of artificial intelligence systems in their abilities to process and learn from large quantities of data, they have become more important for businesses. However artificial intelligence systems have not been able to completely understand the…
Japan’s Sharp Corp has filed a patent infringement lawsuit against U.S. TV brand Vizio Inc and two others in an attempt to seek an injunction to ban one of Vizio’s TV products in the United States. In a statement, Sharp, a unit of Taiwan’s Foxconn, said Vizio’s 70-inch TV product uses liquid crystal display (LCD)…
Indian steel major Tata Steel’s European business – Tata Steel Europe, has said that it could cull as many as 1,250 jobs primarily to cut costs in the face of “challenging circumstances” and the “needs to urgently improve profitability”. According to a report published by the news agency Reuters, this was revealed in an internal…
Britain’s largest retailer Tesco has agreed on a deal with Thailand’s CP Group to sell off its businesses in Thailand and Malaysia for a value of $10.6 billion. The company said in a statement in Monday that entire shareholding in Tesco Stores (Thailand) Ltd, Tesco Stores (Malaysia) Sdn Bhd will be transferred to the CP…
All of the employees of Google parent company Alphabet have been asked to work from home till April 10 in order to limit the spread of the coronavirus, said reports quoting an email circulated to its employees by the company and now available with the media. “Out of an abundance of caution, and for the…
The Trump administration has once again allowed U.S. companies to continue to do business with China’s Huawei Technologies Co Ltd by extending the trade license until May 15, 2020. The U.S. Commerce Department had previously extended it until April 1. Separately, the U.S. Commerce Department has sought public comments on whether it should issue future…
On Wednesday, Fiat Chrysler said, it is considering the temporarily closure, of some of its plants in Italy in response to the coronavirus outbreak – the largest in Europe. FCA also mentioned, it had boosted and intensified measures across its facilities to support the Italian government’s directives to curb the spread of China’s coronavirus.
On Tuesday, leading U.S. airlines including Delta and American announced the suspension of their 2020 financial forecasts and took strong measures to further boost their capabilities to fight the economic impact of China’s coronavirus United announced a capital raising event and reported a first-quarter loss. The coronavirus pandemic has deeply impacted the tourism sector and…
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