In its efforts to become profitable, Uber Technologies Inc plans to completely focus on its core business if ride hailing and food delivery, said the company’s  chief executive officer Dara Khosrowshahi said in an email to employees. He also informed that the company will cut down on about 23...

Taiwan Semiconductor Manufacturing Co Ltd, (TSMC) has announced the setting up of a chip factory in Arizona, United States, with an investment of $12 billion. The company called this decision its way of establishing a "strong partnership" with the US government.   TSMC’s decision, the...

The German airline group Lufthansa is drawing up plans to commence flights to a number of destinations including those to Los Angeles, Toronto and Mumbai and plans to restart the routes starting next month. This is the first move of the major airline of the world to restore some of the capacity...

With the onset of the novel coronavirus pandemic, there has been an explosion of demand for crucial goods like hand sanitizer and N95 masks particularly on online platforms like Amaozn.com. That surge in demand also prompted many suppliers to inflate prices of these goods. In context of this...

The stay at home orders as well as the anticipated restrictions that are to be imposed against crowding in restaurants and eateries in the United States and other places has increased business opportunities for food delivery companies. Keeping a focus on this aspect of the future of food delivery...

The work from home orders imposed all across the world because of the novel coronavirus pandemic has seen demand for products of Swiss American Company Logitech rise significantly in the latest completed quarter.   The company said demand for its webcams, mouse and keyboards, both online and...

Even as the global economy is being battered by the coronavirus pandemic, United States based chip maker Intel announced its latest investments in tech firms worth $132 million. The company chose 11 tech startups across the world.   The investments made by the company are such that they fit...

The airline business and the other industries of Virgin Group have been ravaged by the coronavirus pandemic and needs some urgent investment. In order to keep the companies afloat, founder and owner Sir Richard Branson will be selling off $500 million of his shares of Virgin Galactic and use the...

The United States based software giant Microsoft Corp. said that it plans to invest $1.5 billion in expansion of its data centres all around the world and as a part of that expansion plan, a data centre region in Italy will be developed by it which will be its first in the country,   Last...

According to a report by the global news agency Reuters, staff at United States based drug maker Gilead Sciences Inc was targeted in recent weeks by hackers with links to Iran even as the company is moving towards development of a treatment for the novel coronavirus. The report was based on...

The coronavirus pandemic is expected to hit its business in terms of demand and earning throughout out the year according to the luxury car maker BMW. This expectation prompted the German automaker to slash its forecast for profitability for its passenger cars after the fall in deliveries for the...