After a slew of impairments this year and with the company trying to adjust to a weaker outlook, the value of oil and gas assets by $3.5 billion to $4.5 billion will be written down by Royal Dutch Shell, the company said on Monday. The impairments on its Appomattox field in the US Gulf of…
According to two sources briefed on the matter at hand, U.S. lawmakers will back $1.9 billion program to fund a removal of Chinese communication gear that it deems as a threat to national security risks. Lawmakers will also back a $3.2 billion program for an emergency broadband which will benefit low-income Americans, confirmed senior congressional…
The Chinese drone manufacturer SZ DJI Technology Co Ltd will continue to put up its products for sale despite being named in the so called list of entities published by the United States, along with dozens of Chinese companies, which means that the YS will impose sanctions against these companies. “DJI is disappointed in the…
Until the Taiwanese company Wistron Corp takes care of the manner in which it treats its workers at its plant in the south Indian city of Bengaluru, its largest client iPhone maker Apple Inc will keep the Taiwanese company on provation and will not award any new contract manufacturer business to it. This was communicated…
A cyber attack that compromised a third-party software vendor’s systems rattled the United States government this week which resulted in data breaches at a number of federal agencies, including the Department of Commerce, the Department of Energy and the Department of Homeland Security’s cyber unit. But many of the biggest companies in the country have…
The Covid-19 vaccine developed by the pharma company Moderna has been granted approval by the United States government which makes it the second vaccine against the pandemic ot be given the green signal in the country. That now clears the way for the company to release millions of doses of the vaccine. It was a…
A number of violations by Taiwanese firm and Apple supplier Wistron and its vendors were found in a preliminary investigation by an Indian labour office into the violence last weekend at the factory of the company in the Southern Indian city of Bengaluru, India, said reports quoting sources. Workers at the factory, angry at…
The video conferencing app that shot to global prominence, market valuation and the number of users during the novel coronavirus pandemic, has decided to present its users a holiday gift. The company said that the 40 minute limit for free subscribers using the video conferencing facility would be lifted for this holiday season which will…
A rate hike and a surge in volume helped the United States based delivery firm FedEx Corp to reduce the cost of delivering e-commerce purchases to residential addresses which had increased significantly during the novel coronavirus pandemic, which resulted in the company reporting its profits almost doubling in the latest completed quarter. The share prices…
In a significant development, Politico has reported citing officials directly familiar with the matter at hand as saying hackers had gained access to computers in the U.S. Energy Department and National Nuclear Security Administration. The National Nuclear Security Administration manages the country’s nuclear weapons stockpile. In a statement it said it had evidence that hackers…
business-gurus.com 