Another major company expecting to take a hit because of the coronavirus outbreak across the world is Drugmaker Mylan NV. The company said that it expects the outbreak to impact its financial results while also warning of shortages of drugs in the eventuality that the epidemic continues to spread. This brought down the shares of…

The shares of the alternative meat startup Beyond Meat Inc slumped by 10 per cent after the company reported that higher costs had caused its quarterly earnings to miss estimates. The company also announced that its Executive Chairman Seth Goldman would give up his executive status but will continue to remain a member of the…

The first decentralized algorithm that could be very beneficial for self-driving vehicles in terms of such vehicles being able to navigate each other without crashing into one another or resulting traffic jams have been developed by researchers in the at the Northwestern University of the United States. It has been reported that the researchers have…

Apple Inc. plans to open an online retailing outlet for its products for Indian consumers later this year while the company plans to open its first flagship physical store in one of the fastest growing smartphone markets of the world next year, said the United States based tech giant’s chief executive Tim Cook. In order…

The latest major multinational to issue a warning to its performance because of the outbreak of the novel coronavirus and the resultant disruption in China was Microsoft, as the tech giant said that its operations could be disrupted due to the virus outbreak. The manufacturing activities and operations of the company have already been affected…

The earnings of the Finnish network equipment manufacturer Nokia Oyj has come under severe pressure because of fierce competition in the industry which has forced the company to explore strategic options, said a report published by Bloomberg quoting citing information form sources with knowledge of the matter. A range of alternatives are being explored by…

The closing down of bars and restaurants in China because of the spread of the coronavirus will have a negative impact on the profits for the entire year, warned drinks giant Diageo. The virus related disruptions across Asia will have an impact of between £140m-£200m in the operating profits, the company said. Diageo is the…

It was just six weeks back that the United States biotech firm Moderna had started work on the development of a drug for immunization against the coronavirus and it has now reportedly sent an experimental coronavirus vaccine to the US government researchers. While it could be as early as April that the initial trials for…

A controversial plan to start drilling operations in the Great Australian Bight by the oil giant Equinor has been abandoned, the company said. Environmentalists have hailed this as a “huge win”. Permission to begin exploratory drills in seas off South Australia was granted last December to the Norwegian company. The company however told regulators on…