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Embraer Accuses Boeing Over The Collapse Of A $4.2 Billion Deal

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...

Post Lockdown, Daimler Reports Pick Up In Business In China

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...

Nestle Reports Strongest Quarterly Growth In 5 Years Driven By Coronavirus Stockpiling

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,...

Intel Outlook For Entire Year Clouded By Coronavirus Despite Increased Demand For Pcs In The Short Term

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...

Increased Demand Amid Coronavirus Pandemic Pushed Eli Lilly To Beat Estimates

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...

Apple’s Mac Computers To Have Chip Developed By The iPhone Maker By 2021

The new Mac computers from Apple Inc will have its own main processors and are expected to hit the market by next year, according to a report published by Bloomberg reported on Thursday. the United States based tech giant plans to make use of new chip designs that are based on the chip that are...

Security And Encryption Level In Zoom Meeting Up Raised

Amid a worldwide warning about the weakness in the security system of the video conferencing application Zoom in terms of personal information and other data exchanged over the platform, the company owning the application, Zoom Video Communications Inc, has assured that its encryption features on...

New Benchmark Index In Global Price Of Carbon Launched By ICE

A new index designed to track and benchmark the global price of carbon was launched by Intercontinental Exchange, Inc., which is a leading operator of global exchanges and clearing houses as well a provider of data and listings services.   The firm said that the launch of this benchmark is...

Google And Facebook To Be Forced By Australia To Pay Domestic Media For Content Used

One of the first countries that is making it mandatory for digital platforms to pay for content they use is Australia. The Treasury department of the country said that two United States based digital giants Facebook Inc and Alphabet Inc's Google will be forced to share their advertising revenues...

Class Action Related To Emission Scandal Settled With Three-Quarters Of Claimants By Volkswagen

The German auto giant Volkswagen said on Monday that it has reached settlement with about three fourth of the total litigants in a class suit related to the emissions scandal.   The German car maker said that it had managed to arrive at mutually agreed settlements with 200,000 of the 260,000...

Rush To Hair Salons After Easing Of Lockdown To Boost L'Oreal’s Business, Predicts The French Firm

Soon after the lifting of restrictions related to the novel coronavirus pandemic in the United States Europe, there will be a rush of customers to the hair salons which help its business to recover quickly, predicted L’Oreal. The beauty product making company added that its sales were already...

Facebook Users Engaging In Harmful Covid-19 Posts Will Be Notified Soon

Users of Facebook who had engaged in false posts related to the coronavirus pandemic will be notified by the social media company and the company will then connect such individual users to that they can accurate information about the disease. Fake posts will include those that could cause physical...
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