The chief executive of AstraZeneca, Pascal Soriot, has raised hopes that the company’s novel coronavirus vaccine could still be available by the end of the year, or early next year, despite the suspension of clinical trials for the vaccine candidate following the falling ill off a volunteer....

A court in the United States has been requested by Epic Games to prevent what it claims is retaliation against the Fortnite creator by Apple Inc after the iPhone maker had terminated Epic Games' account on its App Store, said the video game maker recently.   An application with the court for...

A probe into the level of competition that exists between the app stores of Apple Inc and Google is to be initiated by the Australia's competition regulator – the Australian Competition and Consumer Commission (ACCC).   The ACCC said that it will also examine whether there is need for...

South Korea’s Samsung Electronics has reportedly beat Finnish telecom firm Nokia to bag a part of the contract to supply new 5G equipment to Verizon in the United States, and this is being seen as a major blow to the Finnish company, claimed reports quoting information from various sources with...

Share prices of SMIC, the largest chip maker of China, dropped by as much as 20 per cent on Monday after publication of news that the company would be hit sanctions from the United States. The rout at the stock market resulted in the company losing out $28 billion off its market value while...

While the staff of Malaysia's AirAsia Group has agreed to take a salary cut of as much as 75 per cent, the founders of the company have also decided not to take salaries in order to reduce expenditure in the wake of crash in the airline industry due to the novel coronavirus pandemic, said the...

Investors and shareholders reacted critically to a proposal by Ryanair boss Michael O’Leary for a 458,000 euro ($540,600) annual bonus with an influential investor advisory firm calling on the shareholders of the company to oppose the proposed package when the proposal goes to vote in a non-binding...

After the furlough support scheme of the United States government expires on October 1, United Airlines will be furloughing a total of 16,370 of its workers because of the impact of the novel coronavirus pandemic which has devastated the global airline industry. The airline made this announcement...

United States based e-commerce giant Amazon.com Inc. and largest US wireless telecom carrier Verizon Communications will be holding negotiations with struggling Indian telecom company Vodafone Idea Ltd for a taking up a significant stake in the company. According to reports quoting sources, the...

Following the announcement of a voluntary lay-off program in Australia, oil and gas giant Exxon Mobil Corp is currently contemplating implementing a spade of job cuts for its global operations, according to a spokesman of the company on Wednesday.   A never before witnessed drop in global...

The financial services platform of Amazon.com Inc in India is no offering insurance and even gold services as the company seeks to expand its customer base and attract more subscribers to its Prime loyalty programme in the market where it there is tough competition in the fin tech sector.  ...