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Following Launch Of Australian Lay-Offs, Exxon Contemplating Global Job Cuts

Following the announcement of a voluntary lay-off program in Australia, oil and gas giant Exxon Mobil Corp is currently contemplating implementing a spade of job cuts for its global operations, according to a spokesman of the company on Wednesday.   A never before witnessed drop in global...

Amazon Pushes Fintech In India With New Offerings

The financial services platform of Amazon.com Inc in India is no offering insurance and even gold services as the company seeks to expand its customer base and attract more subscribers to its Prime loyalty programme in the market where it there is tough competition in the fin tech sector.  ...

US Cancels Ventilator Order From Philips Forcing The Firm To Low 2020 Earnings Forecast

The Dutch medical equipment maker Philips was forced to cut its 2020 earnings outlook because of cancellation of an order for 43,000 ventilators that it was to deliver to the United States Department of Health.   This decision was taken after the publication of a report by the US Congress...

US Ban Forces China’s Huawei To Focus On Cloud Computing For Survival

The Chinese telecom equipment making giant Huwei’s cloud business still has access to American chips despite the severe ban on the company by the Trump administration of the United States and therefore the firms, which has been caught in the cross fire of the strained US-China relations and the...

Sanofi Is Highly Confident Of Its Two Coronavirus Vaccine Candidates: Reuters

The confidence of the French drug maker Sanofi has increased during this summer as the company gets ready to begin clinical trials.   The chief executive if the company said in an interview to Reuters that two of the more than 150 potential vaccines against Covid-19 being developed across...

Musk's Firm Neuralink Displays Pigs With Computer Chips In Their Brains

A pig named Gertrude had been implanted with a coin-sized computer chip in its brain about two months ago by neuroscience startup Neuralink owned by billionaire entrepreneur Elon Musk and the company unveiled the pig on Friday.   This is a very preliminary but important development in the...

Venture Between Softbank And Toyota Launches Two Adapted Vehicles Amid Covid-19 Environment

Two new uniquely designed vans have been launched in the Japan to specifically cater to the current environment of Cvodi-19.   One of the vans, designed and launched by a Japanese mobility venture will serve both as a mobile workplace as well as a mobile shop and a means of travelling. The...

1,800 Mercedes-Benz Electric Vans Ordered By Amazon For Its European Deliveries

Amazon.com, the largest e-commerce platform of the world, placed an order for 1,800 electric vans from the German auto manufacturer Mercedes-Benz. The company plans to use these low carbon emission vehicles for expanding its delivery fleet in its European business.    The company will...

TikTok Engineers Ordered By ByteDance To Prepare A Shutdown Plan In US: Reuters

Engineers of the popular short-video app TikTok were ordered by its owner, the Chinese company ByteDance, to get ready a contingency plan if the company actually decided to completely shut down its operations in the United States even as the Chinese firm still tries to negotiate a divestment deal...

New Privacy Rules Of Apple To Hit Smaller Firms But Spare iPhone Maker’s Apps: Facebook

The changes in the privacy policies of Apple Inc is likely to hit smaller developers such as gaming companies in a disproportionate manner but the company’s own apps will remain mostly unscathed, warned the social media company Facebook Inc on Wednesday.   Facebook itself was making some...

Following Boom Due Work From Home Measures, Best Buy Warns Of Slowing Sales In Q3

The rising risks of unemployment in the economy, slowing down of novel coronavirus pandemic related stimulus by government and the upending of the global supply chains because of the pandemic induced lockdowns could result in a slowdown in sales growth in the third quarter, warned Best Buy Co Inc....

US Units Honda Motor To Settle Takata Air Bags Provesin US For $85 Million

Japanese car manufacturer Honda Motor Co. will settle an investigation by most states of the United States into the use of defective Takata airbag inflators in its vehicles. According to reports citing a consent order made public Tuesday, several units of the Japnese firm will settle the cases for...
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