An executive from the largest retailer of the world – Walmart, has been roped in by the online retailer eBay for its new chief executive role. In a new release, eBay said on Monday that role of the chief executive of the company will now be executed by Jamie Iannone, who currently is in charge…
Authorities in northern Vietnam have ordered people the employees of Samsung Display to be quarantined following a worker testing positive for the coronavirus. According to a statement released on Monday, a 25-year-old worker of the EQC-SI unit of Samsung Display factory in Bac Ninh province tested positive on Sunday. Confirming the case, Samsung Electronics Co…
In a notice sent to customers by Italy’s state-owned bank Monte dei Paschi, hackers have managed to access the mailboxes of some employees, with the bank informing clients in the notice that on March 30 some messages with voice mail attachments had been sent as a result of the cyber attack. Incidentally, the notice did…
Its own coronavirus testing lab will be made by the retail giant Amazon in order to effectively monitor the health of its staff, the largest e-commerce company of the world said. More than 50 facilities of Amazon throughout the United States have reported confirmed cases of Covid-19, the disease caused by the novel coronavirus, with…
The Japanese auto maker Nissan has come to a conclusion that to turn around its fortunes it is necessary for the company to become much smaller and the company will likely announce a reduction in its annual sale target of cars by 1 million, said reports quoting sources within the company. Nissan is due to…
In a significant development, several agencies from the U.S. government including the Justice Department called on the Federal Communications Commission (FCC) to revoke China Telecom (Americas) Corp’s ability to provide international telecommunications services to and from the United States. China Telecom is the U.S. subsidiary of a People’s Republic of China (PRC) state-owned telecommunications company.…
There are a number of companies that are rewarding their frontline workers with salary increases for working under trying circumstances amid the coronavirus pandemic even as many companies globally have been forced to slash payments and salaries of staff because of the economic impact of the pandemic. Almost two out of five workers around the…
A retail developer in California, United States, has approached the court seeking direction to prevent Exxon Mobil Corp from selling a piece of property to any other buyers, arguing that the developer was unable to complete the $4.2 million property acquisition because of the lockdown in the state because of the coronavirus pandemic which was…
In a significant development that underscores a growing trend of companies leaving China and relocating to neighboring countries, Samsung Electronics Co Ltd stated, it has stopped the production of mobile telephones in China. The permanent shuttering of Samsung’s last China phone factory comes in the wake of it cutting production volumes at its plant in…
In a statement, Walt Disney Co said, its streaming service Disney+ has had a massive fan following and has registered 50 million paid consumers, with 8 million alone coming from India where the video streaming service was rolled out just a week back. As of this last quarter’s report, Netflix Inc reported a subscriber base…
