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 ›
Strategy
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 ›
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 ›
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 ›
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 ›
Disney reports third quarterly profit, shrugs off pandemic woes
In a pleasant surprise, Walt Disney Co has reported a quarterly profit after “The Mandalorian” and “Soul” lifted growing streaming business, outweighing pandemic concerns over its hobbled theme park operations. Investors overlooked its 53% decline in park revenues in the… Read More ›
French automobile and electronics firm will work together to improve availability of chips in supply chain: French Finance Ministry
In a statement, the French Finance Ministry stated, French companies from the automobile and electronics sectors will collaborate and work together in the near-term in order to improve and fix supply chain glitches that have hit the automotive industry. Carmakers… Read More ›
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 ›
U.S. to look at restricting exports of certain sensitive technologies to China: Senior official
According to a senior official from the Biden Administration, the United States is looking to add “new targeted restrictions” on exports of certain sensitive technologies to China in cooperation with allies. The official spoke ahead of Biden’s first call with… Read More ›
MGM Resorts posts record losses, sees increasing footfalls by year end as vaccine rollout widens
MGM Resorts has posted a bigger-than-expected loss thanks to the coronavirus-induced COVID-19 pandemic which brought global travel to a standstill; it has however signaled that with increased inoculation of the COVID-19 vaccine, it is likely that demand will pick up… Read More ›
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