With a resurgence in new orders for both the manufacturing and services sectors, business activity in the United States jumped back to its highest since early 2019 this month. This assumes significance because novel coronavirus cases are still on the… Read More ›
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Despite Beating Estimates, Nvidia’s Data Center Performance Worries Investors
Despite reporting estimate beating forecast for sales for the third quarter, investors remained worried about the results of the rising semiconductor industry star’s data center business during the second quarter of the current year which affected the shares of the… Read More ›
New Injunction Against Apple Filed By Epic Over Removal Of Fortnite From App Store
A fresh injunction against Apple has been filed by Fortnite-maker Epic Games as it fights out the iPhone maker and the technology giant over the policy of commission and other things for using its App Store. The widely popular game… Read More ›
Worldwide Visual Overhaul To Be Rolled Out By Google Maps
Users looking at Google Maps will now be able to easily distinguish between forest and floodplain, and desert and snowfield as it is set to get a visual overhaul worldwide. A new set of maps will also be rolled out… Read More ›
Trump Offers Cash Incentives For American Firms Moving Factories Out Of China
The United States President Donald Trump has offered tax credits to any American company ho that decides to shift its production units out of China. At the same time however Trump also threatened that those American companies that still continue… Read More ›
Huge Loss For Norway’s Wealth Fund In First Half Of 2020 Due To Covid-19
While reporting a 188bn kroner loss in the first half of the year, Norway’s sovereign wealth fund – the largest in the world – also issued a warning there could be further volatility in the financial markets because of the… Read More ›
Malaysia’s Second Quarter Contraction Largest Since 1998 Asian Crisis
The contraction in the second quarter for the Malaysian economy was the sharpest for the country since the Asian financial crisis more than two decades ago. Based on that performance, the central bank of the country sharply downgrading its outlook… Read More ›
2020 Economic Forecast Slashed By Hong Kong, Says Revival Dependent On Virus Control
Hong Kong slashed its economic outlook for the current year on Friday and warned that a recovery of the economy from a recession will depend on the time that the city will take to bring under control a fresh wave… Read More ›
Oil And Gas Assets Worth $87bn Written In 9 Months Off Seven Top Oil Firms
With the novel coronavirus pandemic accelerating a global shift away from fossil fuels, almost $90bn from the value of their oil and gas assets was written off by the largest listed oil companies of the world in just the last… Read More ›
IEA Slashes Global Oil Demand Forecast For Current And Next Year
The International Energy Agency (IEA) has said that there will be a greater fall in demand than was previously expected by it for the current year as well as for 2021 because of a surge in new infections of the… Read More ›