Despite spending heavily in promotional activities through the quarter, the largest fast food chain of the world McDonald’s did not manage to draw enough US consumers away from the competition and consequently performed worse than expected in the quarter. This was the first such performance of the...

Japan’s investment firm SoftBank Group Corp has clinched controlling stake of WeWork by paying off its co-founder Adam Neumann and with an investment of more than $10 billion to add on to the significant investments made by the company earlier.   This deal ensures a secure future for WeWork...

Two 5G smartphones have already been launched by the rising Chinese tech giant Xiaomi this year.   And the company has now announced that it would be launching 10 new models of 5G complaint phones in the next year. This was announced by the company CEO Lei Jun.   The company has...

Japan’s investment company SoftBank Group Corp does not want to take the onerous lease obligations of the U.S. office-space sharing firm WeWork but want to pick up a controlling stake in the company, claimed a report from the news agency Reuters citing information from people with knowledge of the...

The longest flight in the world – a non-stop flight from New York to Sydney, was just tested by successfully by Qantas.   The flight - QF7879, took 19 hours and 16 minutes to complete the journey.   The test flight was conducted to see how passengers and crew could be kept adequately...

Tiny amounts of asbestos contamination were found in samples from a single bottle that was purchased online of Johnson & Johnson’s baby powder which has forced the company to recall one lot of its Johnson’s Baby Powder.   Voluntary recalling of a small batch, #22318RB, is being made by...

A report published by the news agency Reuters quoting a Huawei executive said that the Chinese telecom equipment making company Huawei, which was been blacklisted by the United States in May this year, is in talks with a number of American telecom companies with respect to licensing of its 5G...

According to damning reports that came to the surface a day ago, warnings about problems in the flight-control program on the Boeing 737 Max was issued by a pilot of the plane maker and the pilot said that he had “unknowingly” lied to regulators. According to messages on the issue released on...

The largest soft drinks company of the world Coca Cola posted strong revenue growth and gains in the value of its share globally in the third quarter because of its continued execution of key strategies. The company reported 8 per cent growth in its revenues for the period with a 5 per cent...

The largest oil exporter of the world Saudi Aramco has decided to postpone its planned launch of a partial initial public offering (IPO) as the company has decided to wait for the return of investor confidence in the company following the pending third-quarter results, claimed a report published by...

Despite reporting lower than expected number of new members for the third quarter of the current year, the United States video streaming company Netflix still reached an all time high for new subscribers for the quarter.   The company reported it had added 6.77 million new subscribers to its...