International Business News

George Floyd death: Satya Nadella, Tim Cook, Sundar Pichai express solidarity

George Floyd death: Satya Nadella, Tim Cook, Sundar Pichai express solidarity

Demonstrations and riots have spread to cities across the US after a video went viral of Floyd being suffocated to death by a white police officer in Minneapolis on May 25.

Jun 01, 2020, 13:04 PM IST
Jack Dorsey retorts to Trump, says Twitter will continue pointing out incorrect information about elections globally

Jack Dorsey retorts to Trump, says Twitter will continue pointing out incorrect information about elections globally

Dorsey’s reaction came after US President Donald Trump threatened the company with big action that can come in the form of an executive order soon. 

May 28, 2020, 12:27 PM IST
Musk and Grimes change baby's name and the new name is still unusual

Musk and Grimes change baby's name and the new name is still unusual

The new name, though changed, still is very unusual and a slight deviation from the original name.

May 26, 2020, 10:52 AM IST
Facebook employees to face pay cut if they move to cheaper areas

Facebook employees to face pay cut if they move to cheaper areas

In a virtual town hall meeting with his employees, Zuckerberg said that Facebook employees who choose to relocate from the Silicon Valley may see a change in their salaries.

May 22, 2020, 12:10 PM IST
Volkswagen pays 9 million euros to end proceedings against chairman, CEO

Volkswagen pays 9 million euros to end proceedings against chairman, CEO

The court in Braunschweig was hearing charges of stock market manipulation against CEO Herbert Diess, as well as non-executive Chairman Hans Dieter Poetsch.

May 20, 2020, 13:59 PM IST
Johnson & Johnson to stop selling talc baby powder in US, Canada

Johnson & Johnson to stop selling talc baby powder in US, Canada

J&J faces more than 19,000 lawsuits from consumers and their survivors claiming its talc products caused cancer due to contamination with asbestos, a known carcinogen. Many are pending before a U

May 20, 2020, 13:56 PM IST
Jack Ma steps down from SoftBank board

Jack Ma steps down from SoftBank board

Ma is close with SoftBank founder and CEO Masayoshi Son.

May 18, 2020, 17:03 PM IST
Japan braces for worst post-war slump as pandemic tips economy into recession

Japan braces for worst post-war slump as pandemic tips economy into recession

Monday`s first-quarter GDP data underlined the broadening impact of the outbreak, with exports plunging the most since the devastating March 2011 earthquake as global lockdowns and supply chain

May 18, 2020, 12:16 PM IST
Warren Buffett's Berkshire slashes Goldman Sachs stake

Warren Buffett's Berkshire slashes Goldman Sachs stake

In a regulatory filing detailing its U.S.-listed investments as of March 31, Berkshire said its Goldman stake fell 84% to 1.9 million shares, from 12 million at year-end, with the stake’s market

May 18, 2020, 10:11 AM IST
Trump to charge tax on companies manufacturing outside US

Trump to charge tax on companies manufacturing outside US

Trump has routinely threatened to raise tariffs on consumer electronics during his ongoing trade war with China.

May 15, 2020, 13:27 PM IST
Mark Zuckerberg turns 36: Here are 8 Interesting things you need to know about the Facebook CEO

Mark Zuckerberg turns 36: Here are 8 Interesting things you need to know about the Facebook CEO

On the occasion Mark Zuckerberg’s birthday, here are 8 interesting things you want to know about the Facebook CEO.

May 14, 2020, 12:20 PM IST
World's second-oldest airline Avianca files for bankruptcy due to COVID-19

World's second-oldest airline Avianca files for bankruptcy due to COVID-19

The Colombian flag carrier said it had filed for Chapter 11 bankruptcy protection in a court in New York.   

May 12, 2020, 15:40 PM IST
Elon Musk says ready for arrest as he reopens California plant against local order

Elon Musk says ready for arrest as he reopens California plant against local order

The move comes as states and cities around the United States experiment with ways to safely reopen their economies after the coronavirus outbreak shuttered businesses and forced tens of millions of

May 12, 2020, 11:33 AM IST
At least 600 Amazon employees hit by coronavirus: Report

At least 600 Amazon employees hit by coronavirus: Report

According to the company, there have been four deaths owing to the deadly respiratory disease.

May 11, 2020, 11:49 AM IST
Elon Musk delays release of Tesla's Roadster sports car

Elon Musk delays release of Tesla's Roadster sports car

Tesla Inc Chief Executive Elon Musk said in a podcast interview released on Thursday that the company`s planned Roadster sports car would take a backseat to the development of other vehicle models.

May 08, 2020, 09:44 AM IST
LG Chem share price falls nearly 2% after deadly gas leak in India

LG Chem share price falls nearly 2% after deadly gas leak in India

The leak was brought under control after being discovered by a maintenance worker on the night shift at the LG Polymers plant, outside the east coast city of Visakhapatnam, in India`s southern Andhra

May 07, 2020, 18:27 PM IST
ArcelorMittal reports USD 1.1 bn net loss in Jan-Mar quarter

ArcelorMittal reports USD 1.1 bn net loss in Jan-Mar quarter

The world's largest steelmaker had posted a net income of USD 0.4 billion in the year-ago quarter, the company said in a statement.

May 07, 2020, 18:21 PM IST
Uber to lay off 3,700 employees due to COVID-19 pandemic

Uber to lay off 3,700 employees due to COVID-19 pandemic

Uber has also estimated that it will incur approximately $20 million related to severance and other termination benefits.

May 07, 2020, 17:24 PM IST
Elon Musk names his newborn son X Æ A-12, leaves Twitterati baffled

Elon Musk names his newborn son X Æ A-12, leaves Twitterati baffled

Though the name comes with a meaning, this peculiar name has left Twitterati baffled.

May 06, 2020, 17:32 PM IST
Apple borrows on the cheap to fund buybacks, dividends

Apple borrows on the cheap to fund buybacks, dividends

Apple`s offering illustrates how companies with the best credit ratings are boosting shareholder returns by tapping cheap debt made available through the Fed`s backstopping of the credit markets.

May 05, 2020, 10:32 AM IST