Business News

Geely's Volvo Cars gives notice to 1,300 white-collar staff in Sweden

Notice of redundancy is being given to around 1,300 white-collar workers in Geely Holdings in Sweden due to the impact from the pandemic

Apr 29, 2020

By Reuters

Coronavirus

Much of US economy still plugging along despite coronavirus pain

In US, 26 million people have filed for unemployment in just a month, with millions more likely waiting in electronic queues at overtaxed state unemployment systems

Apr 29, 2020

By Reuters

Coronavirus

Trump orders US meat-processing plants to stay open despite coronavirus fears

Trump issued an executive order using the Defense Production Act to mandate that the plants continue to function

Apr 29, 2020

By Reuters

Coronavirus

UK likely to launch coronavirus contact-tracing app in 2-3 weeks

National Health Service has decided to launch an indigenous Covid-19 contract-tracing app after it rejected Apple and Google's joint model

Apr 29, 2020

By R. Ghosh

Coronavirus

Coronavirus: Quest Diagnostics launches direct-to-consumer Covid-19 antibody testing service

Antibody tests don't guarantee immunity but doctors say a positive test indicates a patient has developed some level of protection from reinfection

Apr 28, 2020

By R. Ghosh

Coronavirus

European stocks inch higher as positive earnings counter oil, Wirecard slump

UK-based HSBC Holdings Plc slipped 1% as it warned of more earnings pain ahead as it set aside a hefty $3 billion in bad loan provisions due to the Coronavirus pandemic

Apr 28, 2020

By Reuters

Coronavirus

American companies adapt thermal cameras that alert when two workers break 6 feet distance

Corporate companies in America are implementing different strategies to detect potential infected coronavirus workers

Apr 28, 2020

By Bharat Sharma

Coronavirus

irans-revolutionary-guard-confirms-the-launch-of-satellite-noor-into-the-orbit

Will trade tensions resurface? US comes up with new set of restrictions on exports to China

The change in rules comes at a time when relationship between the United States and China has deteriorated amid the coronavirus outbreak

Apr 28, 2020

By R. Ghosh

Coronavirus

Coronavirus: Sanofi and Regeneron stop arthritis drug Kevzara after clinical trial disappoints

Had Kevzara been successful, it would have helped in keeping many patients off ventilators or saving their lives

Apr 27, 2020

By R. Ghosh

Coronavirus

How billionaires have become pandemic profiteers, while 26 million Americans lost their job

The billionaires added $308 billion to their wealth, while 26 million Americans lost their jobs, in the face of coronavirus crisis. Bezos's wealth grew 'unprecedented'

Apr 27, 2020

By Vinay B.S.

Coronavirus Elon musk

Many US businesses unlikely to seek government aid: NABE survey

Three-quarters of respondents expected their firms could survive for over six months without federal assistance, the survey found

Apr 27, 2020

By Reuters

Coronavirus

Cash earnings of National Australia Bank drop by 51% amid the Coronavirus -19 pandemic

Along with the announcement of reduced cash earning, the bank also said it plans to raise capital to the tune of A$3.5 billion

Apr 27, 2020

By IBTimes APAC Desk

Next wave of US states set to reopen as coronavirus could push jobless rate to 16 percent

America's Georgia, Oklahoma, Alaska and South Carolina have already forged ahead to restart their economies

Apr 27, 2020

By Reuters

Coronavirus

Pratham Waghmare - Asia's youngest sales funnel expert with tremendous attainments

His decision to learn the business tactics and models on his own wasn't the attainment, after facing a lot of failures in several online business models

Apr 26, 2020

By IBTimes APAC Desk

Embraer hits out after Boeing scraps $4.2 billion tie-up

Boeing accused Embraer of failing to meet conditions for closing the transaction, but Embraer said Boeing had torpedoed it because of wider financial problems

Apr 26, 2020

By Reuters

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