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Amid The Coronavirus Rout, Zoom Video Stands Out As A Lone Performer

Amid the rout in the global financial markets because of the coronavirus pandemic, Zoom Video Communications has stood out among the crowd.  There has been a 20 per cent growth in the stocks of the company over the past month even as the S&P 500 has plunged by almost 30 per cent.  ...

Joint Task Force To Limit Coronavirus Spread Formed By Auto Companies And Union In The US

In the United States, the United Auto Workers (UAW) union is joining hands with country’s top automakers General Motors, Ford Motor Co and Fiat Chrysler Automobiles (FCA) to form a coronavirus task force that is aimed at bettering protection for their employees as well as take measures so that the...

Germany Attempts To Stop US Poaching A Firm Of The Country Developing A Coornavirus Vaccine

German is trying to prevent the United States from coaxing a German company that is currently in the process of developing a coronavirus vaccine to shift its research work to the America. This development has resulted in German politicians stressing that there should not be monopoly of any one...

Corporate America Joins Hand With Government For Coronavirus Testing

A number of large companies of the United States have joined the government in efforts to control the spread of the coronavirus pandemic in the country.   Google has offered a website to help people determine whether suspected American needed tests while drive-through testing in their...

American Airlines Will Cut International Flights By 75% Fur To Travel Ban

The impact of the coronavirus pandemic on the airline industry became clearer after American Airlines Inc announced that it planned to reduce about 75 per cent of its international flights till May 6 while also grounding almost all of the widebody fleet that it possess because of a collapse of...

Coronavirus Worries Forces Broadcom To Withdraw Its Revenue Forecast For 2020

Chipmaker Broadcom Inc is another major tech company that has said that its performance would be affected by the global spread of the coronavirus as the company brought down its earlier forecast for the current year.   Broadcom is just another chip maker that have been forced to either cut...

TikTok Owner ByteDance Plans For Global Expansion, Says Founder

ByteDance, owner of the wildly successful TikTok app, is now aiming to go global with expansion into fresh initiatives such as education, said the founder and owner of the company Zhang Yiming in a letter to the employees.   The plans were further revealed in an interview of Yiming with the...

Adidas And Puma Predict Huge Hit In China Sales Due To Coronavirus

Warning of a major disruption in sale in China because of the coronavirus outbreak was issued by the German sportswear makers Adidas and Puma. The companies however said that while there was some improvement in the conditions in the Chinese market, the business hit had spread to other markets with...

116 Mln Euros Fine For Telecom Italia For Abuse Of Its Broadband Market Dominant Position

The former phone monopoly in Italy - Telecom Italia, had used its dominant position in the broadband market by trying to cause obstructions to the entry of rivals in the industry and these charges were found to be true by the competition regulator of Italy. The Italian watchdog has slapped the...

Boeing Blamed For The Ethiopian Crash Involving The 737 Max Planes

The design of the Boeing 737 Max planes was primarily found responsible for the fatal crash of a plane of that model of the Ethiopian Airlines in March last year in an interim report compiled by  Ethiopian crash investigators, claimed reports citing sources.   Report also said that the...

Uber’s Drivers Are Its Employees, Rules A Top French Court

The United States based ride hailing company Uber has been dealt a severe blow by a top court in France that has recognized the company’s drivers as employees. Analysts say that this could completely upend the business model of the company as it might now need to expend more in by way of more...

Entire Platforms Could Be Eliminated At Daimler Due To Cost Cuts

Germany’s Luxury car maker Mercedes-Benz wants to build electric and self-driving cars and is therefore embarking on implementing a huge cost cutting plan to release available cash for investing the new age technology based vehicles. Markus Schaefer, a board member of Daimler said that this cost...
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