Business News

Tokyo stocks close sharply lower on global economic concerns

Shares closed at the lower end on Tuesday with the Nikkei stock index at a four-month low in Tokyo leading to the rising concern over the coronavirus

Feb 25, 2020

By IANS

Coronavirus

Taiwan passes $2 billion package to soften Coronavirus hit to economy

Taiwan, whose largest trading partner is China, has cut its estimate for the 2020 economic growth this month as the epidemic threatens its economy

Feb 25, 2020

By Reuters

Coronavirus

Oil steadies on bargain-hunting; virus fears cap gains

The Asian share markets were attempting to stabilise on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce

Feb 25, 2020

By Reuters

PepsiCo to buy online Chinese snack retailer Be & Cheery for $705 million

Be & Cheery, which was founded in 2003 is China largest online snack company and sells from nuts to dry fruits

Feb 25, 2020

By R. Ghosh

Mastercard to hire 1,500 tech staff in Dublin; to make Ireland its technology hub for Europe

Mastercard started with 36 employees in Dublin in 2008 and now has 650 employees, which will treble over the next three to five years

Feb 25, 2020

By R. Ghosh

Facebook

Wary neighbour Vietnam cancels all flights to and from South Korea amid Coronavirus scare

Earlier Vietnam announced that 15 out of 16 confirmed coronavirus cases in the country had recovered, while 32 suspected cases were being quarantined in a hospital

Feb 24, 2020

By Soorya Kiran NN

UK employers urge Johnson not to sacrifice services in EU deal

The Confederation of British Industry said that the country should include the services industry from a planned trade deal with the European Union

Feb 24, 2020

By Reuters

UK to press for Canada-style trade deal with EU when talks start in March

Ministers will meet on Tuesday to sign off on the formal trade mandate document that will frame Britain's negotiating aims before it gets published on Thursday

Feb 23, 2020

By Reuters

Lyft acquires digital car-top advertising startup Halo Cabs

Ride-hailing services like Uber and Lyft are investing in a number of side businesses in pursuit of generating profit

Feb 23, 2020

By R. Ghosh

Samsung temporarily shuts down facility in South Korea after employee tests positive for Coronavirus

Staff members who were found to have come in contact with the employee have been placed in quarantine

Feb 22, 2020

By Jeevan Biswas

Coronavirus Samsung

German court allows Tesla to cut trees to construct Gigafactory 4

The electric carmaker aims to start manufacturing process in its German facility by 2021, producing 150,000 cars annually

Feb 22, 2020

By R. Ghosh

Elon musk

Chinese carmaker Geely launches online sales as coronavirus keeps buyers at residence

The company is also arranging for test rides for customers from their home in coordination of local dealers

Feb 22, 2020

By R. Ghosh

Coronavirus

Bank of Japan announces negative interest rates

BOJ's Kuroda says watching with 'grave concern' as virus hits Asian economies

Massive business disruptions in China are starting to affect the global economy, with parts shortages rippling through the supply chains as far away as the US

Feb 21, 2020

By Reuters

Coronavirus

Microsoft to invest $1.1 billion in Mexico over the next five years, open data center region

The announcement was made via a promotional video released by the Mexican government

Feb 21, 2020

By R. Ghosh

Oil rises on supply woes; demand concerns from Coronavirus ease

Conflict in Libya which had led to a blockade of its ports and oilfields did not show any sign of a resolution

Feb 20, 2020

By Reuters

Coronavirus

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