Business News

Google protests 'eye-catching' $2.6 billion EU fine, judge disagrees

On Friday, February 14, Goggle came under fire for attacking the EU antitrust fine which led to a judge to ask how a rich company can miss a relatively paltry amount

Feb 15, 2020

By Reuters

Delta Air Lines to go "fully carbon neutral" from March, says CEO

The airline company will invest $1 billion over the next decade and develop clean technology for engines and carbon removal

Feb 15, 2020

By R. Ghosh

Coronavirus attacks Volkswagen; January sales plummet 11% in China

The German carmaker has nearly two dozen facilities in China, which produce 4 million vehicles annually

Feb 15, 2020

By R. Ghosh

Coronavirus

China's Alibaba secures $3 billion loan to finance acquisition spree

Alibaba beats estimates on record Singles' Day sales

The e-commerce giant usually reports its highest revenue in the December quarter because of its mega 'Singles' Day' shopping bonanza happening in November

Feb 13, 2020

By Reuters

Coronavirus

Nissan slashes profit outlook after sales slump, says more restructuring needed

The Japanese automobile manufacturer's brand image hurt badly by years of heavy discounting in the United States and other countries

Feb 13, 2020

By Reuters

DBS flags small impact from Coronavirus, fourth-quarter profits top estimates

The Singapore-based DBS is factoring in a 1-2 percent revenue hit for its current year, assuming the virus outbreak will cut back on consumer spending, which includes credit cards

Feb 13, 2020

By Reuters

Coronavirus

Hong Kong banks compare pandemic stress test with epidemic reality

The coronavirus has killed over 1,300 people worldwide and has infected more than 60,000, mostly in mainland China

Feb 13, 2020

By Reuters

Coronavirus

Gold gains as surge in virus cases dents risk-taking

The fastest rise in the daily death count after the outbreak weighed on Asian equities but lifted the safe-haven yen after a three week low against the US dollar

Feb 13, 2020

By Reuters

Coronavirus

Jeff Bezos buys Beverly Hills estate with a strange connection to Napoleon Bonaparte

Bezos bought Warner Estate from media mogul David Geffen for $165 million. The Estate is said to have a wooden floor that was used by Napoleon.

Feb 13, 2020

By Suman Priya Mendonca

Oil jumps as fall in new China Coronavirus cases eases fuel demand concerns

The US EIA on Tuesday reduced the global oil demand growth forecast for this year by 310,000 bpd as the virus outbreak crimps oil consumption in China

Feb 12, 2020

By Reuters

Amazon crushing Google in US, 70% users will use Echo in 2020

Amazon has also opened Alexa to outside development and fostered its compatibility with thousands of Amazon-branded and third-party smart-home devices

Feb 11, 2020

By IANS

donald-trump-says-chuck-schumer-is-a-puppet-for-nancy-pelosi-if-you-can-believe-that

Trump's $4.8 trillion budget gets chilly reception from Congress

The budget is largely a political document that serves as a starting point for negotiations with Congress

Feb 11, 2020

By Reuters

Swiss government warns against cancelling EU free-movement pact

It could also end up kicking neutral Switzerland, out of the Schengen system of passport-free travel and the Dublin accord on handling asylum requests, as stated by officials

Feb 11, 2020

By Reuters

Airbus unveils 'blended wing body' plane design after secret flight tests

The European planemaker has been carrying out flight tests of a 3.2-metre-wide (10.5 feet) technology demonstrator, code-named Maveric at a secret location in France

Feb 11, 2020

By Reuters

Who is Jia Jia, Chinese columnist missing over letter asking President Xi to resign?

Xi warned officials that efforts to stop virus could hurt economy: sources

With growth at its slowest in nearly three decades, China's leaders seem very much eager to strike a balance between protecting already-slowing economy and stamping out an epidemic

Feb 11, 2020

By Reuters

Coronavirus

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