A drop in sale of its products in China could not stop Apple Inc to report growth in the first three months of the year as there was a surge in demand for its streaming services as more and more people remained confined to their homes because of the coronavirus lockdowns. Sal revenues of the…
According to analysis of data from Google, a large number of people in Brazil, Japan and Singapore in April stayed home amid the rising number of cases being reported from these countries while residents in the United States and Australia violated lockdown orders and flocked to parks and jobs with the flattening of infection rates…
According to reports, the top football clubs of the La Liga – the top domestic football arena of Spain, will begin testing their players for Covid-19, the disease caused by the coronavirus, in what is being described as the first step towards restarting the league in the country in June, The imposition of one of…
Pharmaceutical giant AstraZeneca said on Thursday that whether the company’s Covid-19 vaccine is effective or not will be known by the end of July. The development and distribution of the vaccine, which is currently being researched by the Jenner Institute and Oxford Vaccine Group, has been done by it in partnership with the Oxford University,…
A historic collapse in oil demand because of the coronavirus pandemic as well as oil prices hitting historic lows wiped out profits for the Royal Dutch Shell, forcing the company to slashed its dividend for the first time since World War I. The company will be cutting down its quarterly dividend to 16 cents per…
The United States administration has placed on its blacklist five foreign websites of the online retail giant Amazon. The list, which is called a “notorious markets” register, saw the entry of the e-commerce platforms of Amazon in the United Kingdom, Germany, France, India and Canada. The sale of counterfeit and pirated products have been facilitated…
Amid the coronavirus pandemic, flexible working is set to become the new normal to keep the workforce healthy amid, predicts the chief executives of Barclays and WPP, as they view that there will no longer be crowded city centre offices and rush hours. A more de-centralised approach to staff working, which could include the chances…
Reserves for bad loans were increased by almost $1 billion by Standard Chartered in the first quarter, the bank said on Wednesday. Standard Chartered was the latest major bank to make huge increases in their provisions in the wake of the coronavirus pandemic hitting economies around the world. A day ago an announcement of increasing…
European plane making giant Airbus reported a 49 per cent drop in operating profit in the first quarter, at 281 million euros ($304.7m), against a revenue drop of 15 per cent, at 10.631 billion euros ($11.56bn). The current situation was the “gravest crisis the aerospace industry has ever known”, said Airbus Chief Executive Guillaume Faury.…
After reporting a massive loss in the first quarter, United States based airplane maker Boeing said that it will cut down on its staff and slash production. The coronavirus pandemic has virtually eliminated demand for air travel across the world and Boeing is yet to get out of the economic impact of the global grounding…
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