On Thursday, in a development that marks the challenges facing the Japan’s automaker Toyota Motor Corp, the carmaker posted a record 98% plunge in its first-quarter operating profit after the Wuhan coronavirus, which emerged from China, induced a slowdown in… Read More ›
On Thursday, in a statement Uber said it was in the process of acquiring Autocab, British tech company which sells booking and dispatch software to private hire firms. The deal has synergies stemming from the fact that it will allow… Read More ›
The results of a survey have provided some encouraging news for the United Kingdom economy. Data showed that the growth of businesses in the services and manufacturing sectors of the country in the month of June was the fastest more… Read More ›
In a significant development, major advertisers, including Procter & Gamble, Ford Motor Co, and Unilever, and trade associations, have formed a partnership to develop industry standards for targeted advertisements. Targeted ads, a data driven strategy used to target consumers based… Read More ›
On Wednesday, Britain’s Metro Bank reported its first ever $313.92 million loss of the year because of provisions to cover losses due to the coronavirus crisis which wiped out its profits. Founded in 2015, Metro Bank which was started to… Read More ›
In a statement the U.S. Justice Department stated, executives from Imperial Pacific International, a Hong Kong-based gaming and resort company, have been charged with money laundering and harboring illegal aliens, in the United States.
In a statement, cloud services firm Rackspace Technology Inc stated, its shares, through its initial public offering (IPO) of $703.5 million, got listed at the bottom end of its target range. The IPO valued Apollo Global Management-backed Rackspace $4.18 billion,… Read More ›
On Tuesday, in an internal letter to Chinese employees only, ByteDance’s founder Zhang Yiming said, the United States aims to ban TikTok and not force a sale and that some people had misconceptions about the situation. The letter was reported… Read More ›
On Tuesday, in a statement Kuwaiti aircraft leasing company Alafco stated, it has decided to purchase fewer aircraft from Boeing following an agreement with Boeing to end its legal claim over a cancelled 737 MAX order. Alafco had sued Boeing… Read More ›
White House trade adviser Peter Navarro suggested if Microsoft Corp were to buy TikTok, it could divest its holdings in China. “So the question is, is Microsoft going to be compromised?” asked Navarro in an interview with CNN. “Maybe Microsoft… Read More ›
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