South Korean electronics conglomerate Samsung said that a turnaround for the company has already taken place even though its profits are still flagging. In the quarter that ended in December, the operating profits for the company was at 7.2 trillion Korean won ($6 billion) which was 34 per cent lower than the same period a…
The rapid spread of coronavirus and the fear associated with it has forced Google to temporarily close all of its offices in China, Hong Kong, and Taiwan.Similar actions have also been taken by some of the largest tech giants of the West including Amazon and Microsoft in order to prevent its staff from getting infected…
The last update for its aging operating system Windows 7 was provided but Microsoft just days before the software giant had said that no more updates for the IS will be provided any more. This decision to come out with the update was made the United States tech giant after it was found that the…
The impact of the global grounding of its 737 Max planes is being felt by the United States based plane maker Boeing as the company reported its first yearly loss in more than two decades, the company announced on Wednesday. Analysts found a significant impact of the grounded 737 Max planes of the company as…
The luxury brand of General Motors – Cadillac, expects 2020 to be the third consecutive year of record sale for its cars globally. This year the company expects to achieve double-digit sales growth in China despite the economic slowdown the market and slowing sales in the country, primarily in the mass-market, said Cadillac President Steve…
The continuous spread of the deadly coronavirus in china has forced United States based global fast food chain McDonalds to close restaurants in five Chinese cities while also implementing new health protocols at its outlets in the region. Stores of the company were closed down in the cities of Wuhan, Ezhou, Huanggang, Qianjiang and Xiantao…
Growing concerns and fears over the spread of the new virus in China known now as coronavirus is forcing the closure of Disney’s mega theme park in China during the Lunar New Year holidays. Saying that the closure was “in response to the prevention and control of the disease outbreak”, this announcement was made by…
Talks with the Turkish conglomerate Cengiz Holdings is being held by the British government to convince the firm to purchase British Steel is the planned acquisition of the steel company by Chinese industrial firm Jingye does not go through. However reports suggested that the government is confident that the acquisition of British Steel, including the…
Contributions that it has had to make towards its employee pension plans and retirement benefits will force United States based car maker Ford Motor to potentially take a pretax hit of about $2.2 billion for the fourth-quarter, the company has said. The total amount that it would have to forgo for the fourth quarter includes…
Following a dramatic rise in its share price that pushed the market value of the United States based electric car maker Tesla past the $100bn mark, the company became the second most valued car maker of the world by surpassing the German auto giant Volkswagen. This record valuation also pushes Tesla’s chief Elon Musk to…
