The sweeping stay-at-home restrictions imposed in the United States in order to prevent the spread of the coronavirus pandemic was called "fascist" by the outspoken CEO of Tesla Inc Elon Musk even as the electric vehicle maker posted its third consecutive quarter of profits.   Those comments...

While claiming that there is currently no liquidity problem at the European plane maker Airbus, the company’s Chief Executive Guillaume Faury gas has said that the company is in talks with the French state about any potential support for aircraft deliveries.   “In crises of such importance,...

The impact of the coronavirus pandemic will result in a loss of more than $5 billion for the second quarter at Ford Motor Co, the company said, which will be double the loss of $2 billion that the company had incurred  in the first quarter of the current year. The company however said that the...

The first quarter performance of South Korea’s tech giant Samsung Electronics could not be boosted by the launch of the company’s new Galaxy S20 lineup and Galaxy Z Flip phone. Analysts however said that the worst for the company was yet to come.    Samsung has warned that the novel...

The hit of the novel coronavirus pandemic crisis has forced the Japanese car maker Nissan Motor Co Ltd to cut down its production of cars in Japan by 78 per cent in May compared to what it had manufactured in the same month a year ago. The company was already facing severe troubles with demand and...

 A five year deal was struck between Microsoft Corp and Coca Cola to supply software for the soft drinks company’s business. This announced by the tech giant on Monday. The software will include Microsoft’s Teams chat app as well as various tools for Coca Cola’s customer service agents....

Plans a alliance between Brazil and the United States - from regional jets to jumbos, was left in tatters after the US plane maker Boeing Co pulled out of a $4.2 billion deal to acquire the Embraer’s commercial jets division of Embraer. The decision by Boeing resulted in a furious response from its...

Following the relaxation of lock down measures in China imposed to prevent the spread of the coronavirus pandemic and with businesses and shops reopening in the country, there has been some stabilization of business in the market, said the German auto maker.   A senior manager of the German...

Stockpiling by consumers of everything - from Purina pet food to Nescafe coffee and frozen meals, in an effort to  be prepared for long lockdowns, has helped the Swiss food giant Nestlé to report its best growth in quarterly sales in almost five years.   The company said that in March,...

Citing the costs of development of a new PC chip, Intel Corp forecast that its second-quarter earnings will fall below the estimates of the Wall Street. The chip maker however said that it was not possible for it to make a forecast for the full year due to the huge uncertainties in the global...

While the coronavirus pandemic resulting in massive lockdowns all across the world and most businesses virtually closing down, pharma companies are the ones who seem to be benefiting from the current situation. As people stock up medicines amid the coronavirus pandemic, pharma companies have seen...