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US Will ‘Vigorously Defend’ Ban Order Against TikTok Despite Court Ruling

An executive order that aims to ban all transaction with the Chinese owned short video sharing app TikTok will be “vigorously defend” by the United States Department of Commerce, it said, following the halting of the execution of the order by a federal judge.   The Commerce Department order...

US Commerce Department TikTok Ban Order Blocked By US Judge

An order from the Commerce Department of the United States against the Chinese owned short video messaging app TikTok that was to take effect from November 12 and which would have effectively barred the app from operating in the United States was blocked by a US judge in Pennsylvania on Friday....

'Eat Out To Help Out' Scheme Of Govt. Helped To Usher In Second Cvoid-19 Wave: New UK Study

A new study in the United Kingdom has revealed that the second wave of novel coronavirus in the country was contributed to by the "Eat out to help out" discount scheme initiated by the British government aimed at increasing spending at restaurants, cafes and pubs over the summer as that had helped...

New Surge In Covid-19 Infections Needs More Cost Cuts, Warns New IAG Boss

The threat from a second wave of the Covid-19 pandemic will leave British Airways staring at a bleak winter with very little travel and therefore the company will have to look at ways to cut even more costs form the business business operations, warned the new boss of British Airways-owner IAG....

Ford Beats Comfortably Beast Estimates And Returns To Profitability

A strong demand for trucks of Ford helped the United States based auto major to register a much larger profit than was being expected by the Wall Street which helped the company to return to profitability.    Excluding special items, the company earned $2.6 billion which is almost...

Heavy Restructuring Charge Forces Q3 Loss For Airbus, Sets Quarterly Cash Goal

Ever since the novel coronavirus pandemic begun in March and the global aviation industry was instantly severely hit, the first glimpse of how the European airplane maker Airbus will perform in the future was given by the company as it said on Thursday that it expected to reach cash breakeven in...

China’s Ant Group Reduces Support For Overseas Fintech Firms As Change In Strategy

With its new strategy of moving away from its earlier ambitions of becoming a global payments leader, China's Ant Group Co Ltd has been cutting down on funding and staff support to a number of the e-wallet firms overseas in which it had invested, claimed reports quoting sources with knowledge of...

A Dedicated 'Eco-Friendly' Shopping Platform Launched In Europe By Amazon

In order to better guide consumers in the United Kingdom and other European countries to look for household products that have sustainable credentials, a completely new and dedicated “eco-friendly” shopping platform has been launched by Amazon.   In order to help consumers pick products on...

Global Covid-19 Vaccine Supply Deal Made By GSK And Sanofi

About 200 million doses of their coronavirus vaccine candidate will be supplied to a global inoculation scheme by drug making giants GSK and Sanofi.   Currently, the first stage of testing is being undertaken by the two companies' vaccine.   With deaths of more than 1.16 million...

737 Max Grounding And Covid-19 Woes Forces Boeing To Deepen Job Cuts

The coronavirus pandemic and 737 MAX grounding continued to hammer sales at Boeing Co propelling the company to report its fourth straight quarterly loss on Wednesday. The company however reaffirmed its expectations that it would be able to resume US deliveries of the 737 Max planes before the year...

Mercedes Depends On Evolution In Contrast To Tesla’s Revolution In Self-Driving Cars

German luxury car maker Mercedes-Benz claimed that it has developed a self driving system similar to the new Full Self Driving software being touted by Tesla to be of a cutting-edge nature, but has not mentioned anything about allowing members of the public to use the technology on public roads....

Strong Demand Forces Ant Group To Pre-Close Institutional Book Of Its Hong Kong IPO

Strong demand is prompting China’s Ant Group to prematurely close institutional order books for the Hong Kong part of its record breaking dual IPO, said reports quoting sources with knowledge of the matter.    The company has decided to close the institutional book of the $17.2 billion...
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