Articles by R. Ghosh

Boeing registers first annual loss since 1997; 737 Max costs to surpass $18 billion

After halting production of 737 Max this month, the aircraft maker will now slash production of its 787 Dreamliner

Jan 30, 2020

Adidas to use recycled ocean plastic, polyester in millions of its products

Adidas aims to use recycled polyester in 50 percent of its products and also make 15-20 million shoes with marine plastic waste this year

Jan 30, 2020

McDonald's adds two new chicken sandwiches to its breakfast menu, as competition intensifies

The two new variants, Chicken McGriddles and McChicken Biscuit, will be available across all its restaurants in the US for a limited period

Jan 29, 2020

Coronavirus hits global carmakers, as companies start evacuating employees

A number of foreign carmakers like Toyota, Honda and PSA Group have started withdrawing employees from China, while many are contemplating halting production

Jan 29, 2020

Coronavirus Elon musk

Companies advise employees to work from home, as coronavirus starts taking its toll on businesses

While the Chinese government extended the Lunar New Year break by three days, many companies are asking employees to work from home till February 10

Jan 28, 2020

Coronavirus

General Motors to pump in $3 billion in Detroit plant to build all-electric trucks, SUVs

Production of the all-electric pickup is expected to begin by end 2021 and once fully operational, the plant will create more than 2,000 jobs

Jan 28, 2020

McDonald's, Starbucks close stores in Hubei province as China fights coronavirus outbreak

While McDonald's has closed its restaurants in five cities in Hubei province, Starbucks has closed its cafes and has also suspended deliveries

Jan 26, 2020

Boeing 737 Max could get recertified before midyear, says FAA

The US aircraft maker had earlier said that the troubled 737 Max's return could get delayed till June

Jan 26, 2020

Facebook may be fined another $5.5 million, says Italy's watchdog

In 2018, Facebook was fined 5 million euros by Italy's watchdog and was asked to publish an amending statement on its homepage, which it didn't

Jan 25, 2020

Facebook

Singapore confirms no fake food products imported from China

Nestle partners with Canada-based Burcon and Merit for plant-based proteins

The Swiss food giant will now be able to use Burcon and Merit's plant-based proteins in its own food and beverage products

Jan 25, 2020

Tesla zooms past Volkswagen; becomes second-most valuable carmaker in the world

Tesla, which has a market capital more than that of Ford and General Motors combined, now only lags behind Toyota

Jan 24, 2020

Elon musk

We Work continues to divest non-core ventures; sells off Teem, stake in The Wing

The company also said that it plans to sell off more of its non-core businesses like Meetup and Managed by Q in the near term

Jan 23, 2020

Disney+ to now make its UK and Western Europe debut a week earlier on March 24

Disney's decision to make an early launch in the UK and other West European countries may be is in a bid to tackle piracy

Jan 22, 2020

Netflix Amazon prime

Facebook to add 1,000 jobs to its workforce in UK post Brexit

A large number of employees will be hired in Facebook's Community Integrity team, who will be specifically assigned to take down harmful content

Jan 22, 2020

Facebook Mark zuckerberg

Donald Trump's legal team refutes impeachment charges; says it's 'constitutionally invalid'

The legal team in its first formal response to the impeachment charges said that the Democrats' theory of "abuse of power" is not an impeachable offense

Jan 21, 2020

Global economic outlook 'sluggish', says IMF; further lowers growth forecasts

The IMF lowered global growth forecast citing reasons of sharper-than-expected slowdowns in India and other emerging economies

Jan 21, 2020

UFO to strike Lufthansa again? Cabin crew union threatens longer strikes

The airline company's cabin crew had earlier staged two strikes in November and December last year that saw hundreds of flights getting cancelled

Jan 20, 2020

Lotte Group founder Shin Kyuk-ho dies at Seoul aged 97

Shin Kyuk-ho started manufacturing chewing-gum in 1948 in Japan and turned the family business into the fifth largest conglomerate in South Korea

Jan 20, 2020

Samsung

Toyota to move Tocoma pickup production from US to Mexico

The Japanese carmaker will instead produce Seuquoia SUVs in its San Antonio factory in Texas, recently got an investment of $700 million and 150 workers

Jan 19, 2020

Best Buy launches probe against allegation of misconduct by CEO Corie Barry

Best Buy faced similar issue in 2012 when its then CEO Brian Dunn was accused of personal misconduct at workplace

Jan 19, 2020

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