The French bank BNP Paribas beat expectations of the market for its fourth quarter with the company’s CFO talking of a “gradual pickup” for the economy in the near future. For the fourth quarter of 2020 ended December 31, net income of 1.59 billion euros ($ 1.90 billion) was reported by the bank which beat…
The antiviral drug, remdesivir was a huge hit as a treatment for the seriously ill during the Covid-19 pandemic the world over, which drove the performance of its maker Gilead Sciences Inc to report a 26 per cent rise in its revenues for the fourth quarter of 2020 which was well above the estimates of…
Daimler Truck, the largest maker of truck and bus in the world, will be spun off from its parent company, the German carmaker Daimler said on Wednesday. Analysts view this move by the German company to make itself more appealing to investors in its efforts to focus more on development and manufacturing of its electric…
A cannabinoids company is set to get listed at the London stock market for the first time. The company is backed by the footballer David Beckham and will be the first company of its kind to get formally publicly listed – the plans of which are slated to be announced this week. In an exclusive…
Amazon has been able to temporarily block a multibillion-dollar deal between two of India’s biggest retailers after a major legal victory in an Indian court. Following a complaint by Amazon last year, an agreement by Reliance Industries to purchase local rival Future Retail for $3.3 billion has been put on hold on an order from…
The Japanese electronics and media giant Sony Corp said that it was not being able to cater to the increased demand for the new PlayStation 5 caused by the Vodi-19 pandemic because of a global shortage of critical semiconductors while it raised the full year profit outlook by one third based on better demand. The…
Millions of users of the messaging service WhatsApp have adopted alternative services such as Signal and Telegram because of a update to the app’s terms of service that was arguably poorly explained by the company. The magnitude of exodus of users has forced the Facebook owned company to postpone the implementation of the new…
An apparent fight between private and professional investors resulted in the shares of an almost failed company, the United States based games company Gamestop, rising by as much as 300 per cent within week last week. In a world that is moving online, the video games bricks and mortar retailer Gamestop is arguably something of…
The United States based office sharing firm WeWork is currently working to get listed and is talking to do that through a merger with a special purpose acquisition company (SPAC)m said reports quoting sources. The company currently owned by the Japanese conglomerate SoftBank is also reported to be exploring avenues to raise funds from private…
Polarisation and misinformation on social media was severely criticised by the Chief Executive Officer of Apple Inc, Tim Cook this week. According to analysts, his comments added fuel to an already intense confrontation between the iPhone maker and the largest social media platform of the world Facebook. According to Cook, several apps were liable to…
