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.  ...

The Dutch medical equipment maker Philips was forced to cut its 2020 earnings outlook because of cancellation of an order for 43,000 ventilators that it was to deliver to the United States Department of Health.   This decision was taken after the publication of a report by the US Congress...

The Chinese telecom equipment making giant Huwei’s cloud business still has access to American chips despite the severe ban on the company by the Trump administration of the United States and therefore the firms, which has been caught in the cross fire of the strained US-China relations and the...

The confidence of the French drug maker Sanofi has increased during this summer as the company gets ready to begin clinical trials.   The chief executive if the company said in an interview to Reuters that two of the more than 150 potential vaccines against Covid-19 being developed across...

A pig named Gertrude had been implanted with a coin-sized computer chip in its brain about two months ago by neuroscience startup Neuralink owned by billionaire entrepreneur Elon Musk and the company unveiled the pig on Friday.   This is a very preliminary but important development in the...

Two new uniquely designed vans have been launched in the Japan to specifically cater to the current environment of Cvodi-19.   One of the vans, designed and launched by a Japanese mobility venture will serve both as a mobile workplace as well as a mobile shop and a means of travelling. The...

Amazon.com, the largest e-commerce platform of the world, placed an order for 1,800 electric vans from the German auto manufacturer Mercedes-Benz. The company plans to use these low carbon emission vehicles for expanding its delivery fleet in its European business.    The company will...

Engineers of the popular short-video app TikTok were ordered by its owner, the Chinese company ByteDance, to get ready a contingency plan if the company actually decided to completely shut down its operations in the United States even as the Chinese firm still tries to negotiate a divestment deal...

The changes in the privacy policies of Apple Inc is likely to hit smaller developers such as gaming companies in a disproportionate manner but the company’s own apps will remain mostly unscathed, warned the social media company Facebook Inc on Wednesday.   Facebook itself was making some...

The rising risks of unemployment in the economy, slowing down of novel coronavirus pandemic related stimulus by government and the upending of the global supply chains because of the pandemic induced lockdowns could result in a slowdown in sales growth in the third quarter, warned Best Buy Co Inc....