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…
Dutch electronics giant Philips is confident of returning to growth and profits in the second half of the current year even though it said that its net profits dropped in the second quarter opf the current year because of the novel coronavirus pandemic outbreak. Philip’s net profit dropped by 14.63 per cent year on year…
BNP Paribas is the bank that companies turned to get emergency loans more than any other in Europe whet he novel coronavirus pandemic struck the continent. Compared to BNP, its closest rivals including Santander, Deutsche Bank and Credit Suisse had managed to expand their balance sheet and credit payout by only about 5 per cent.…
Its entire fleet of the iconic Boeing 747 airplanes is being retired earlier than expected by British Airways primarily because of the novel coronavirus pandemic induced slump in the global airline industry. British Airways is the largest operator of Boeing 747 in the world currently. The original plan of the British Airways, owned by International…
According to a report published by the Observer, the Chinese telecom equipment manufacturing giant Huawei has been privately told by the British government that it was being banned from 5G telecom networks in the country because of “geopolitical” reasons after being exposed to intense pressure from United States President Donald Trump. The report claimed that…
Growing concerns over the new and controversial national security law imposed on Hong Kong by China has forced a number of virtual private network (VPN) providers of the United States and Canada to shut down their servers in the city. VPNs are used by internet users to conceal and protect their privacy while avoiding any…
Russia based and backed hackers have been trying to steal information about the research on vaccines against the novel cooronavirus with the pandemic surging again across the world, alleged the United States, the United Kingdom and Canada. So far more than 585,000 people have been killed so far while infecting a total of more than…
Social media company Twitter confirmed on Friday that the latest hacking incident of its platform had targeted 130 accounts in the unprecedented attack. The company added that “for a small subset of these accounts, the attackers were able to gain control of the accounts and then send Tweets from those accounts”. Passwords of the accounts…
A new report has claimed that incidents of piracy have doubled across Asia which has caused “deep concern”. In the first half of the year, there were 50 incidents in the region compared to 25 such incidents in the same period a year ago. Between January and June, there have been 16 incidents in the…
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