The Covid-19 pandemic severely hit the clothing sale last year of Britain's Marks & Spencer resulting in the brand to report a 90 per cent drop in its profits for the full year of 2020.   A pretax profit before one-off items of 43 million pounds ($61 million) for its year to April 3 is...

After having announced allowing bitcoin to be a mode of payment for its cars a couple of months ago, the United States based electric car maker Tesla has gone back on that step as it announced it will no longer accept the crypto currency for car purchases. This was announced by the company’s Chief...

The live audio app Clubhouse is potentially planning to make a big expansion of its market as it announced the introduction of a test version of its app to Google's Android users in the United States on Sunday.     Early this year, CEO of the United States based electric car maker Tesla...

Better than expected profits for the first quarter was reported by American International Group Inc despite a hit to its business from winter storms and the mortality claims because of the Covid-19 pandemic as there was strong performance of the general insurance and life and retirement business...

The German car maker BMW expects that its production in the second quarter will be hit because of the global chip shortage nut still said it was on path to meet its profit targets for 2021 even though it estimates raw material costs to be increasing.   A severe crunch of semiconductors for...

There is increasing pressure on AstraZeneca over its decision to reward the company’s chief executive, Pascal Soriot, with a big increase in bonuses. A call on shareholders to oppose and vote against the policy had been given by three investor advisory groups.   The company plans to increase...

A new subscription service for the employees engaged in remote working in North America was launched by the Swedish technology firm Ericsson on Tuesday.   Under this new subscription service, employees working from home – especially those of small businesses, would be able to begin working...

The Covid-19 vaccine developed jointly by the British pharmaceuticals giant AstraZeneca and University of Oxford has brought in the pharma company sale revenues of $275 million (227 million euros) during the first quarter of the current year.   This is the first occasion that the company has...

The largest telecom equipment maker of the world Huawei is making a strategic shift in its business strategy and is now trying to enter into the area of electric vehicle making. According to a report published by the news agency Reuters, the Chinese firm is now holding talks for taking control of a...

A strong recovery of the Chinese economy as well as increased cooking at home by consumers forced to stay back home because of the Covid-19 pandemic induced restrictions helped Unilever to comfortably beat quarterly sales forecasts on Thursday.   The company said that starting in May this...

A mega initial public offering (IPO) is being planned by Zomato, the Indian good delivery startup that acquired Uber's local food delivery business last year, said reports.   Application for filing an IPO was made by the company on Wednesday in Mumbai as the company hopes to raise as much as...