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WeWork’s Business Still Growing Fast, Shows Market Data

A recent market study published by CBRE has found that the United States based global office space sharing company WeWork is still doing well with respect to its core business despite the company failing to launch a much hyped initial public offering earlier this year and the ouster of its...

Independent Expert Says Waymo Self-Driving Technology Used By Uber

It is likely that a licensing deal with Waymo will be arrived at by the ride hailing company Uber or it could resort to acquiring autonomous driving software through other costly changes, the company has said.   This announcement was made by the company after it was discovered by an expert...

Charges Of Illegal Chinese Equipment Sales Brought By US Prosecutors Against New York Company

A New York company had illegally imported and sold surveillance and security equipment from China thereby putting at security risks the United States government and private customers, accused US federal prosecutors in a criminal case filed against the American company.   The Commack, New...

Chinese State Firms May Invest In Aramco IPO To The Tune Of $10 Billion

Saudi Arabia is seeking commitments for investments from friendly governments to shore up the record share sale of a part of its state owned oil giant Saudi Aramco, and according to reports quoting sources, a total investment of between $5 billion and $10 billion in the oil major is being planned...

Strong Q2 Profits Prompt Toyota To Announce $1.8 Billion Share Buyback

Japan’s auto giant Toyota Motor Corp posted strong second quarter earnings and beating forecast driven by higher global vehicle sales and a much better performance in the North American market. This prompted the company to announce that it was planning a share buyback worth $1.8 billion.  ...

McDonald's CEO Resigns Due To "Consensual Relationship" With A Subordinate

The Chief Executive Officer of one of the largest fast food chains of the world was forced to resign because of a consensual relationship with a junior employee.   Steve Easterbrook, CEO of McDonald's, was ordered to relinquish his position after the company’s board directors found that he...

1 In 2 Abusive Tweets Removed By Twitter Tech Tools In H1 Of 2019

Twitter has said recently that during the first half of the current year, the technology tools that are used by the company managed to remove one in two tweets that were found to contain abusive content and were posted on the platform. Twitter, Facebook and other such social media platforms have...

Hacking Via WhatsApp Targeted Gov. Officials Worldwide: Reuters

According to a report published by the news agency Reuters, earlier this year, hacking software was attempted to infect the phones belonging to senior government officials in a number of allied countries of the United States who used Facebook Inc’s WhatsApp app. The hackers attempted to put in a...

Global Economic Bellwether Firm Shell Warns Of Slow Share Buyback

A warning that a major share buyback plan that had been announced by Oil giant Royal Dutch Shell earlier could be slowed down because of grave economic conditions was issued by the oil major on Thursday. This announcement of the company spooked investors of the company.   The worsening...

Sony Pictures Clocks Huge Profits For Q2 At $366 Million

Compared to mere $3 million in profits for the first quarter, Sony Pictures recorded a huge jump in profits amounting to $366 million for the second quarter. In the same quarter a year ago, the company had posted a profit of $211 million. The second quarter profits of the company was driven by hits...

Global Economic Pressures Force Volkswagen To Lower Sales Outlook

A more than expected slowdown in the global auto market all around the world has caused German auto giant Volkswagen AG to lower its annual outlook for vehicle deliveries this year. The auto industry is experiencing a slowdown because of economic issues in Europe and a prolonged slowdown in the...

Saudi Energy Minister Says Saudi Crown Prince To Decide On Soon To Come Aramco IPO

The Crown Prince of Saudi Arabia Mohammed bin Salman will soon be taking a decision about the initial public offering for the state-owned oil company Saudi Aramco which can be expected to be launched soon, said the energy minister of Saudi Arabia.   "It is going to come soon ... but it will...
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