The airline business and the other industries of Virgin Group have been ravaged by the coronavirus pandemic and needs some urgent investment. In order to keep the companies afloat, founder and owner Sir Richard Branson will be selling off $500 million of his shares of Virgin Galactic and use the...

The United States based software giant Microsoft Corp. said that it plans to invest $1.5 billion in expansion of its data centres all around the world and as a part of that expansion plan, a data centre region in Italy will be developed by it which will be its first in the country,   Last...

According to a report by the global news agency Reuters, staff at United States based drug maker Gilead Sciences Inc was targeted in recent weeks by hackers with links to Iran even as the company is moving towards development of a treatment for the novel coronavirus. The report was based on...

The coronavirus pandemic is expected to hit its business in terms of demand and earning throughout out the year according to the luxury car maker BMW. This expectation prompted the German automaker to slash its forecast for profitability for its passenger cars after the fall in deliveries for the...

Walt Disney has predicted that the containment measures imposed by various governments to control the novel coronavirus pandemic will cut its profits by $1.4 billion. The loss to revenues and hence profits were primarily because of its closed down theme parks.   The company however said that...

United States based chip maker Intel anncouend that it has purchased the Israel based public transit app maker Moovit in a deal worth about $900 million. The chip maker said that the this deal will help in the development of self-driving "robotaxis" that could be rolled out by the company on to the...

While reporting a 17 per cent drop in sale in the first quarter, the German fashion house Hugo Boss said that it expects the economic and business impact of the novel coronavirus pandemic to get worse before businesses are able to revive. The company however added that signals of e rebound in...

An antibody test for the detection of whether people were every infected with the coronavirus from Roche Holding AG was given emergency use approval from the United States Food and Drug Administration (FDA).     Such blood tests are currently in demand from governments, businesses and...

Despite a surge in revenues, Amazon.com Inc could post a quarterly loss for the latest completed quarter which would be the first in five years, the largest e-commerce company of the world said. The company explained the loss because of expenditure of at least $4 billion by it for measures against...

The steep plunge in global crude prices as well as demand because of the global lockdowns to fight the coronavirus pandemic have forced  Exxon Mobil Corp and Chevron Corp to temporarily reduce production of shale oil in the United States.    Both the companies announced their plans...

The increase in demand for bleach and other disinfectants during the novel coronavirus pandemic ravaging across the world has propelled the sale revenues of Clorox for its third first quarter to its highest in a decade. This prompted the company to raise its forecast for the entire year on Friday....