A facility for the testing of a treatment for the fast spreading coronavirus pandemic is being planned to be started within the next few months by Eli Lilly, the company’s CEO David Ricks announced during a television interview. Making the announcement, Ricks said that it has joined hands for this purpose with the privately held…
Australia’s Qantas airlines is currently in the process of paying back millions of dollars to hundreds of the company’s workers because the firm had previously underpaid them for as long as eight years, the country’s Fair Work Ombudsman has said. The ombudsman said on Friday that so far, a total of $7.1 million to 638…
Founder of Microsoft Bill Gates will no longer serve on the company’s board starting Friday, the software tech giant said on Friday. Gate will also be stepping down from the governing body of Berkshire Hathaway. “I have made the decision to step down from both of the public boards on which I serve – Microsoft…
United States based global retailer Amazon.com has announced that all of its employees will be allowed to take unlimited sick days this month. However sick pay will be given to those employees who have been confirmed to be infected with the virus that causes the disease called Covid19. Employees in many of the company’s warehouses…
A new technology that evidently helps computers to better understand human communication will be commercialized by IBM. With the improvement of artificial intelligence systems in their abilities to process and learn from large quantities of data, they have become more important for businesses. However artificial intelligence systems have not been able to completely understand the…
Indian steel major Tata Steel’s European business – Tata Steel Europe, has said that it could cull as many as 1,250 jobs primarily to cut costs in the face of “challenging circumstances” and the “needs to urgently improve profitability”. According to a report published by the news agency Reuters, this was revealed in an internal…
Britain’s largest retailer Tesco has agreed on a deal with Thailand’s CP Group to sell off its businesses in Thailand and Malaysia for a value of $10.6 billion. The company said in a statement in Monday that entire shareholding in Tesco Stores (Thailand) Ltd, Tesco Stores (Malaysia) Sdn Bhd will be transferred to the CP…
All of the employees of Google parent company Alphabet have been asked to work from home till April 10 in order to limit the spread of the coronavirus, said reports quoting an email circulated to its employees by the company and now available with the media. “Out of an abundance of caution, and for the…
Lebanon will be defaulting on its debt for the first time, confirmed the country’s Prime Minister Hassan Diab on Saturday. The country will not be able to serve a $1.2 billion or €1.35 billion Eurobond which is due to mature on Monday, said Diab during a televised address. This announcement was made after a high…
An urge for an aid of $2 billion to support the efforts to develop a vaccine for the novel, fast spreading and deadly coronavirus that is the cause of the deadly COVID-19 infections around the world was given on Friday by a global coalition set up to fight epidemic diseases. The Coalition for Epidemic Preparedness…
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