Author Archives
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No Salary Rise For Shell Employees, And Aims To Cut $1bn In Bonuses
Salaries of most of the employees of the oil giant Royal Dutch Shell Plc will not be raised for the current year, said reports quoting information from sources with knowledge of the matter. According to the sources this decision was… Read More ›
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China’s BytDance Considering Sale Of Indian TikTok Biz To Rival Glance: Report
According to a report published on Saturday by Bloomberg News, the Chinese etch company and owner of the short video sharing app TikTok, ByteDance, is reportedly considering options for a sale out of it’s the operations of the video sharing… Read More ›
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Crypto Venture Announcement By BNY Mellon Pushes Bitcoin To New High
Following the announcement by BNY Mellon that it had constituted a special unit that would help its clients to BNY Mellon, the value of the crypto currency bitcoin surged to a new all-time high on Thursday. The bank said that… Read More ›
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Surprise Profit Posted By Disney As Its Streaming Subscriptions Grow Strongly
The largest entertainment company of the world Walt Disney Co returned to profits in its latest completed quarter driven by a growth in its Disney+ subscribers as well as lowering of losses at its theme parks which were hit hard… Read More ›
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EU Willing To Work With US’s Biden Administration For Settling Trade Spats
The move by the new government of the United States under president Joe Biden to not impose additional tariffs on goods from the European Union as a part of the -running dispute over aircraft tariffs was acknowledged by the EU… Read More ›
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Organic Revenue Growth In 2021 Expected By PepsiCo As Vaccines Get Administered
The global beverage leader PepsiCo Inc is hopeful that consumers would be returning to their pre-pandemic lifestyles with the reopening of the economies and the wider implementation of Covid-19 vaccines around the world which prompted the company to forecast organic… Read More ›
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Chinese Regulators Target Tesla Potentially Ending Elon Musk’s Love-In With China
The United States based electric car maker Tesla now risks upsetting Beijing’s powerful regulators after its founder and CEO Elon Musk spent the last two years to win over China – the largest car market of the world. According to… Read More ›
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Pandemic Demand Surge Pushed Barbie To Its Best Sales In Over Five Years
With parents choosing to stock up on toys to keep children busy through the Covi-19 pandemic related school closures, Barbie hit sale figures of $1.35bn last year which was the highest for the company since at least 2014. There was… Read More ›
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US Airlines Have Large Cash Stocks Despite Huge Losses
Despite making a combined $32 billion loss excluding special items, the airline industry of the United States stull ended 2020 with a lot of cash at hand. At the end of 2020, there was $31.5 billion in cash on their… Read More ›
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With Carmakers Struggling With Shortage, Auto Chip Production Ramped Up By TSMC
Amid a global shortage of chip, one of the market leaders of the industry the Taiwan Semiconductor Manufacturing Co Ltd (TSMC) has said that it is “expediting” auto-related products through its wafer fabs while also reallocating wafer capacity. The worst… Read More ›
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