On Friday Mitsubishi Motors Corp said its chairman Osamu Masuko has resigned due to health reasons and has handed over the role of the chairman to CEO Takao Kato as a temporary measure. Masuko, a veteran of the Mitsubishi conglomerate,… Read More ›
Strategy
Toyota Reports Its Smallest Quarterly Profits In Nine Years Due To Pandemic
Japanese auto maker Toyota Motor Corp managed to pull out a very small quarterly profit which as the lowest for it in nine years as the company struggled to cope up with the hit to the global economy due to… Read More ›
Lufthansa To Implement Compulsory Lay-Offs Amid Gloomy Forecast Till 2024
German airlines Lufthansa has served notice to its German workers for compulsory lay-offs on Thursday as the embattled airline the job cuts were unavoidable as it had made a loss of 1.7 billion euros ($2 billion) in a single quarter… Read More ›
Toyota records 98% plunge in operating profit for Q1, reports profit of $131.73 million
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 ›
Finance Ministers of Five Eyes intelligence-sharing network discusses resilience of global supply chains
In a statement, Canadian Finance Minister Bill Morneau said, he spoken with his counterparts from Britain and the United States and discussed the need to support global supply chains midst the coronavirus outbreak. The call hosted by Morneau also saw… Read More ›
Uber acquires British tech startup Autocab for undisclosed amount
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 ›
Growth Of UK Business In July The Fastest In 5 Years Following Cvoid-19 Slump
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 ›
Despite $5B Pandemic Hit, Disney Results Not As Bad As Feared
Despite the novel coronavirus pandemic forcing closure of most of its entertainment parks all across the globe along with the closure of movie theaters and sporting events, Walt Disney Co managed to eked out an adjusted profit and avoid the… Read More ›
Ad industry forms partnership to create targeted ads standards
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 ›
Metro Bank reports first ever $314 million loss
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 ›
