Business News

Saudi energy minister: no need for OPEC+ meet if no agreement on handling oil market crisis

The coronavirus outbreak has infected over 110,000 and the death rate has crossed 4,000 around the world in more than 95 countries

Mar 10, 2020

By Reuters

Coronavirus

Nissan's China February sales decline 80% as coronavirus takes a hit on carmakers

China, the world's biggest market for new cars, saw an decline in sales of passenger cars by 80% in February

Mar 10, 2020

By R. Ghosh

Coronavirus

iPhone February sales plunge 60% in China; Android phone makers too take a hit

Apple sold just 494,000 iPhones in February, down 60% from the total units it sold in the same month a year ago

Mar 10, 2020

By R. Ghosh

Apple ios Huawei Coronavirus

Amazon launches business selling automated checkout to retailers

Unlike Amazon Go stores, shoppers will insert a credit card into a gated turnstile to enter, instead of scanning an app

Mar 9, 2020

By Reuters

Will oil price stay higher after Opec-Russia output reduction?

Great oil depression? Observers predict crude at $20 as Saudi-Russia price war starts

Brent crude futures fell by $14.25 on Monday to $31.02 a barrel, while US West Texas Intermediate (WTI) plunged $11.28 after the Saudi move to to $30 a barrel.

Mar 9, 2020

By Jacob J

Coronavirus

US judge says Amazon likely to succeed on key argument in contract challenge

The opinion by US Court of Federal Claims Judge Patricia Campbell-Smith was unsealed on Friday, who on February 13, issued an order blocking work on the contract

Mar 8, 2020

By Reuters

Boeing hit with proposed $20 million fine for using unapproved sensors

The FAA said that Boeing installed sensors in at least 791 aircrafts, including 173 Boeing 737 Max jets which weren't tested or approved as compatible

Mar 8, 2020

By R. Ghosh

China exports and imports fall more than expected in July due to weakening demand

China's foreign trade drops 9.6% in January, February

The data that was released by the General Administration of Customs showed that in January and February, China's trade exchanges with rest of the world stood at 4.12 trillion yuan

Mar 7, 2020

By IANS

21 people test positive for Coronavirus on cruise Grand Princess; netizens react

US President Donald Trump stated that he would prefer the passengers on the cruise to stay on the ship

Mar 7, 2020

By Bharat Sharma

Samsung temporarily shuts South Korea facility again; to shift production to Vietnam

This is the second time Samsung has closed down its Gumi facility in just over a week after another employee tested positive for coronavirus

Mar 7, 2020

By R. Ghosh

Samsung Coronavirus

Tesla wins approval from China to build and sell long-range Model 3 cars

The long-range Model 3 cars will have a driving range of more than 600 kilometers before it needs to be recharged

Mar 7, 2020

By R. Ghosh

Elon musk Coronavirus

JPMorgan CEO Jamie Dimon recovering after emergency heart surgery

The bank's co-presidents and co-chief operating officers, Daniel Pinto and Gordon Smith, sent the message to all employees, and are running JPMorgan as Dimon recovers

Mar 6, 2020

By Reuters

World stocks succumb to virus as cases spread, disruptions grow

The US Federal Reserve made an emergency interest rate cut of 50 basis points previously in this week

Mar 6, 2020

By Reuters

Coronavirus scare: Facebook, Amazon, Google ask employees to work from home

Seattle so far has been the most affected area in the US where more than 70 people have tested positive for coronavirus, with 10 resulting in deaths

Mar 6, 2020

By R. Ghosh

Amazon prime Facebook Coronavirus

Cathay Pacific fined 500,000 pounds in UK for data breach

The ICO found that Cathay Pacific's systems were entered with the help of a server connected to the Internet and malware was installed to harvest data

Mar 5, 2020

By IANS

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