There was a 79 per cent year on year plunge in the sale of new auto and vehicles in China – the largest auto market of the world, in the month of February – the month that saw the strictest curbs in the country on travel and movement and on production because of the spread of the deadly...

A spade of travel bans, cancellation of flights and dramatic reduction in tourists, coupled with curbs in corporate travel plans because of the spread of the coronavirus epidemic throughout the world is expected to hit the global business travel sector to hit hard for the current year with an...

The broader economic fall out of the coronavirus have kept investors worried which has resulted in sharp fall in the global stock markets.   There was a 3 per cent drop in London's FTSE 100 share index as well as similar falls in the other stock markets in Europe. Investors in the United...

AB Science announced positive results of a phase 3 clinical trial of masitinib in the treatment of progressive forms of multiple sclerosis (MS). Findings could be the precursor to a blockbuster outstripping the success of medications like Roche’s Ocrevus (ocrelizumab). What is it about masitinib...

The first day of trade at the Chinese stock exchange after the Lunar New Year saw investors erasing about $393 billion from the country’s benchmark stock index as they sold the yaun and commodity stocks over fears of the spreading coronavirus and the economic impact it could have.   The...

The global cloud computing industry segment is turning out to be a hardly fought turf, a Oracle Inc now gets ready to offer competition to the market leaders Amazon.com and Microsoft Corp. Oracle said that it aims to set up new cloud computing data centers by the end of 2020 and the company has...

There has been a surge in the claims about purported "cures" and other unproven theories surrounding the coronavirus on social media and as such, Facebook has said that it will start to take down such bogus claims. This is in light of the spreading coronavirus globally which has sparked an increase...

After the United States based electric car maker Tesla’s stock market valuation increase by than 200 per cent in the last three months, the founder and CEO of the company Elon Musk is inching closer to claim the first $346 million trove of options in a record-breaking pay package.   With a 9...

The former Nissan chief Carlos Ghosn who had fled Japan last month spoke out against the Japanese legal system and his former company of plotting a coup against him that led to his arrest during his first public appearance since he fled Japan clandestinely.    Ghosn told reported that...

After capturing a significant market share of the ride hailing industry in South Africa, Uber is now attempting to make it big in the food delivery business there. The company plans to leverage its huge fleet of drivers operating in the most developed economy of Africa and identifying the most...

According to report published by the Swiss network SRF, the future prospects of Facebook’s own digital currency Libra has been blown off by the Swiss president and finance minister who has said that the crypto currency has "failed in its current form."   Ueli Maurer, who is in his final days...