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Even With TikTok Investment In Limbo, Walmart Pushes With Its Advertising Business

Following years of stunted progress, retailing giant Walmart Inc is now aggressively expanding its advertising business even while its proposal for a deal to purchase a stake in the popular Chinese video sharing app TikTok still remains uncertain.   Better utilization of its treasure trove...

Demand Growth In Cleaning Products Prompts P&G To Raise Forecasts

A surge in demand and sale for its cleaning products because of the novel coronavirus pandemic prompted consumer goods giant Procter & Gamble Co to raise its annual sales forecast on Tuesday.   The company said that during the pandemic the sale of its cleaning products increased by as...

Toshiba Aims To Generate $3 Billion Revenue By 20203 From Quantum Cryptography

The advanced cryptographic technology for data protection tat Toshiba has developed and offered to customers will generate about $3 billion in revenues by 20203, said the Japanese tech company Toshiba Corp on Monday.   This comment was made by the Japanese sprawling conglomerate amid its...

Alibaba To Own Majority Stake In Hypermarket Chain Sun Art For $3.6 Billion

An additional investment of $3.6 billion to increase its stake in hypermarket operator Sun Art Retail Group Ltd was announced on Monday by Alibaba Group Holdings. Analysts say that this investment will help to further strengthen the company’s position in the retail market in China.   ...

Supplying Components To 3 Million EVs By 2027 Targeted By Apple Supplier Foxconn

Taiwanese tech company and Apple Inc’s largest assembler Foxconn has set itself a target of achieving a position to be able to supply components or its services for at least 10 per cent of the total electric vehicles of the world between 2025 and 2027.   The company’s Chairman Liu Young-way...

The We Company To Be Known Again As Wework As It Focuses On Its Core Office-Sharing Business

The "we" moniker of the parent of money-losing shared office provider WeWork – the We Company, will be dropped by it and it would be known by its former better-known name, said a report citing an internal memo. Last year, WeWork was forced to cancel its plans for a stock market listing following...

Medicines Delivery Service Launched By Uber Eats In South Africa

The service offerings by the ride hailing company Uber’s food delivery business, Uber Eats, have been expanded in the South African market with the launch of an app-based over the counter medicines service. Analysts said that the company aims to gain market share quickly in the fast-growing online...

Huawei Planning To Sell Parts Of Its Honor Smartphone Business: Reports

The Chinese tech giant Huawei Technologies Co Ltd is planning to sell parts of its Honor smartphone unit and is in negotiations for the same with Digital China Group Co Ltd and other companies, claimed reports citing sources. It is expected that Huawei is planning to generate up to 25 billion yuan...

29% Reduction In Portfolio Carbon Emission Targeted By Investor Group With $5 Trillion Assets

A plan to reduce their portfolio of high carbon emission assets by as much as 29 per cent within the next five years was announced by thirty of the largest investors of the world who together managing a combined $5 trillion of assets.   The group of investors is called the Net-Zero Asset...

With Aim At Boosting Streaming, Disney To Restructure Its Entertainment Business

With consumers are increasingly shifting to digital viewing, and with the aim of accelerating the growth of its Disney+ and other streaming services, Walt Disney Co has restructured its media and entertainment businesses, the company said.    The primary aim of the reorganization drive...

HSBC To Achieve Net Zero Emissions By 2050, Sets Aside $1 Trln For Green Financing: Reuters

A target of achieving net zero carbon emissions across its entire customer base by the year 2050 at the most has been set by HSBC while also providing financing to help clients make the transition to the tune of between $750 billion and $1 trillion, said the bank’s  Chief Executive Noel Quinn...

Higher Operations Costs During Pandemic Forces Domino's To Miss Quarterly Profit Estimates

Despite an increase in demand for its pizzas during the novel coronavirus pandemic crisis, the global pizza chain Dominos Pizza Inc reported a smaller than expected profit for the latest completed quarter because of higher costs related to the pandemic and bonuses to staff.   This bit of new...
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