In a case that Google is fighting to overturn a 2.4-billion-euro ($2.6 billion) antitrust fine imposed by the European Union at Europe’s second-highest court, the search engine giant argued that innovation was at the core of its business model rather than helping out rivals in their businesses. Many are closely watching this case because preparations…
Performance of the United States based restaurant chain Popeyes in the fourth quarter was majorly boosted by its beloved chicken sandwich. There was a 42 per cent growth year on year in the sales at all Popeyes restaurants in the last three months of 2019 to touch $1.3 billion, said Restaurant Brands International, the owner…
The coronavirus outbreak in China has temporarily shut down many factories in the country – many of which make crucial parts for various products including for cars and other vehicles. The closure which started with the closure because of the Lunar New Year holidays in China was extended by Chinese authorities to prevent the spread…
A new survey-based report by the United States based data and measurement firm Nielsen suggests that streaming services were gaining popularity in the US as consumers loved the television and films aired in those services and want content providers to continue to create and offer software through this medium. Even in the situation of an…
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…
