Driven by a surge in demand for luxury cars by customers in the Chinese market helped the German auto giant Volkswagen AG to offset a decline of 1.1 per cent in delivery of vehicles because of the currently on going novel coronavirus pandemic. It also helped the largest automotive company of the world in terms…
Even though the energy company warned of “significant uncertainty” because of the novel coronavirus pandemic, its dividend was increased by Royal Dutch Shell on Thursday after the company easily beat third quarter profit forecasts. After having cut its dividend in April – which was the first time that the Anglo-Dutch company had done so since…
Profit expectations for the latest completed quarter were beaten by United Parcel Service Inc. But despite this, shares of the company dropped by 5.7 per cent because investors were apparently worried about a margin squeeze because of the increased e-commerce deliveries being undertaken by the company due to the increased demand during the novel coronavirus…
A quarterly profit and a positive cash flow were reported by General Electric Co on Wednesday which surprised analysts and the market. This performance was driven by cost cuts and improvements in its power and renewable energy businesses. The shares of the company rose by 10 per cent on the news. For the third quarter,…
There will not likely be an overall pick up in travel spending anytime soon, Mastercard said on Wednesday while also warning that the timing and the availability of Covid-19 vaccines will be the determinant for a recovery in cross border volumes of travel. There is still a significant impact of the pandemic on international travel,…
A immune response that as found to be similar among older and younger adults was produced by the under-trial vaccine candidate against Covi-19 being developed by the British pharmaceutical giant AstraZeneca. The trial also fund that the potential adverse responses to the vaccine among the elderly were lower, said AstraZeneca, which is developing its potential…
Data for the late stage trial of its vaccine candidate against Covid-19 is not yet ready to be published, said drug maker Pfizer Inc on Tuesday. The company is developing the vaccine in partnership with Germany’s BioNTech SE. Any interim efficacy analyses had not yet been conducted by the independent monitor that is tasked with…
Conclusive evidence of water being present on the Moon was revealed by the United States space agency NASA after dropping hints days ago of a an “exciting new discovery about the Moon”. Nasa’s hopes of establishing a lunar base will be boosted by this “unambiguous detection of molecular water”. The agency plans to tap into…
The Chinese fintech giant Ant Group seems to be completely ready to make the biggest ever stock market debut in the world. Shares worth about $34.4bn on the Shanghai and Hong Kong stock markets is to be sold by the company which is backed by Jack Ma – the billionaire founder of e-commerce platform Alibaba.…
According to the founder of the Chinese fintech giant Ant Group, Jack Ma, the huge dual listing of the company in China will turn out to be the largest ever in the world when calculated on the basis of a pricing determined on Friday night. “It’s the first time that the pricing of such a…
business-gurus.com 