The largest automaker of the United States – General Motors Co, said that it would be able generate enough cash by the end of the year to pay off a $16 billion loan if the US economy continues its rebound after the novel coronavirus pandemic shock and if there are no further production shutdowns for…
A surge in demand for disinfectant and cleaning products from Dettol to Lysol, during the novel coronavirus pandemic propped up sale for the owner of the brands, Reckitt Benckiser, even though the company has admitted that it is still finding it difficult to meet up with the demand for its cleaning products in pockets some…
Plans to construct a new undersea network cable that will connect US, UK and Spain was announced recently by the search engine giant Google. A new technology will be incorporated in the cable that will be a significant upgrade compared to the existing older cable lines, claimed the tech giant. The company expects to complete…
The first Malaysian leader to be found guilty of graft on Tuesday was the country’s former Prime Minister Najib Razak. A court on Tuesday ruled that he was guilty of all seven charges of corruption brought against him in the first of several cases relating to the alleged heist of billions of dollars from state…
Majority stakes in the Chinese-owned social media phenomenon TikTok are being attempted to be taken up by United States based tech investors so that the app could ward off security concerns about it expressed the White House and avert any possible banning of the app as has been indicated by United States Secretary of State…
United States based chip making giant Intel disappointed investors with its announcement of delay for its next-generation chips with its shares falling as much as 18 per cent to be noted s the worst performing stock on Friday. Intel CEO Bob Swan said in a prepared statement Thursday night as part of quarterly earnings that…
A $3.9 billion settlement with the Malaysian government has been reached by the United States based lender and investment bank Goldman Sachs to settle the case of the multibillion-dollar 1MDB scandal, both the entities said on Friday. Malaysia’s finance ministry said in a statement that a $2.5 billion cash payout by Goldman as well as…
The Chinese owned shot video app TikTok is in the process of creating a fund of $200 million which the company will use to retain its top users while also attracting new ones. Analysts said that this was the signal of a growing company. The new program aims to “help support ambitious creators who are…
The global economy has already slipped into a deep recession which has also brought about dramatic shifts in consumer behavior, said Unilever, one of the biggest manufacturers of grocery brands in the world. “We believe that talk about a quick recovery is too optimistic. A deep global recession has already started and we are seeing…
Spirit bottles that are completely based on paper and are 100 per cent plastic free, made from sustainably sourced wood, have been created for the first time in the world, claimed Diageo, the maker of Johnnie Walker, Smirnoff and Guinness, has claimed. The company said that the first use of this paper based bottle would…
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