According to new industry forecasts, there will be a drop in the global smartphone production in the first quarter because of the coronavirus crisis. The report also noted a drop in confidence of consumers in Europe because of the impact of the spread of the virus on other industries as well. Temporary shutdown advice by…
The United Kingdom is very keep to complete a trade agreement with Japan within this year, said British Foreign Secretary Dominic Raab. For this purpose, the UK wants to start negotiations on trade with Japan within the next few weeks, Raab said after his meeting with his Japanese counterpart Toshimitsu Motegi. The Japanese minister has…
Two of the most important ride hailing companies of the United States – Uber and Lyft, are focusing differently for growth. While Uber continued to invest in money-losing side businesses, Lyft has completely focused on investing on its core businesses of commuting. This Thursday, Uber announced that it expected to notch up profits throughout the…
Twitter beat market expectations for the latest quarter revenues as the micro blogging company topped revenues over $1 billion for the first quarter in its history. The company said this was the result of the efforts of the company to make the social media platform more user friendly which has attracted more people to the…
The coronavirus outbreak in China impacted sale of Yum Brands in the country while the planned turnaround of Pizza Hut in the United States did not do well which forced Yum Brands to issue a warning that results of the company for the current year could be lower than what it had predicted for the…
The flagship digital industries business of Germany’s Siemens was hit by a downturn in the manufacturing sector while its power unit also suffered losses which brought down the company’s first quarter earnings and profits of the company well below the expectations of the market. There was a huge (30 per cent) dip in the industrial…
Tweets that contain “manipulated media” which aim to mislead people would soon be labeled by the company, Twitter said on Wednesday, and added that is would also initiate measures that will include removing tweets that it deems to contain that that has the potential to endanger public safety or cause voter supression. Twitter also announced…
Google owner Alphabet beat analysts’ expectations for profits for the fourth quarter as well as for the entire of 2019 while missing out on estimates of revenue. And despite the company announcing the results after the closure of the markets, its shares were down 4 per cent in after-hours trading. Alphabet reported expansions in revenue…
The spread and impact of the new coronavirus in China threats all of its forecasts and results, warned the Japanese electronics and entertainment company Sony Corp. warned on Tuesday. This warning was issued by the company while the company also reported a decline in its earnings in the company’s fiscal third quarter primarily because of…
United States based social media company Facebook has reached an agreement to settle charges against it that it did not take consent of its users before collecting and storing biometric data of millions of users for in a deal worth $550 million. On the other hand, the company’s co-founder and Chief Executive Mark Zuckerberg promised…
