There has been a acceleration in the digitalisation drive in a global shipping and logistics sector because of the crisis brought along by the novel coronavirus pandemic. According to industry leaders this sector is still used to routinely delivering many documents through bike messenger in some countries. A blockchain platform aimed at limiting the use…

The United States based global tech giant Google has decided to withdraw its offers for temporary jobs to thousand people who had agreed to work at the company on temporary and contractual basis because the company itself is faced with a drop in advertising revenue because of the coronavirus pandemic. “We’re slowing our pace of…

Japanese car making giant Nissan is set to slash its production by 20 per cent and will close down a factory in Spain which are part of some of the most sweeping strategy restructuring of the company even as it announced its first annual operating loss this year since more than a decade. For its…

Even as SoftBank Vision Fund reported a in the past business year, the total pay for the fund’s head, Rajeev Misra, more than double in the same period to reach a total of 1.6 billion yen. The growth in the pay for Misra was second to only to what the fund paid as remuneration for…

Clear signs of increasing rivalry between the two top Swiss drug makers Roche and Novartis became evident earlier this week when both the companies made public their respective data on treatments that showed how the two rival companies are aiming to win sales from each other in the area of eye diseases and multiple sclerosis.…

United States based aircraft making giant Boeing has restarted production of its 737 Max planes at a “low” rate, the company said earlier this week. The 737 Max planes were grounded globally by airline regulation authorities following tow traffic and fatal crashes involving the planes within a span of just give months between November of…

The impact if the novel coronavirus pandemic on the global automotive industry is forcing the Formula One team owner and maker of supercars, McLaren Group, to cut 1,200 jobs. The Surrey-based company had a total workforce 4,000 people and there for the job cuts is equivalent to more than a quarter of its total employee…

According to news reports, United States plane making giant Boeing is poised to make an announcement of job cuts by this week. The company has last month announced its plans to reduce its global workforce by as much as 10 per cent. The total number of people employed by the company globally is about 160,000…

Since March, a “steady recovery” has been seen by Alibaba in its business in China, said the Chinese e-commerce giant, but also warned about there are a lot of uncertainties in the path to economic recovery. In the first three months of this year, there was a 22 per cent growth in the company’s sale…