International Business News

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
Apple weathers pandemic, revenue flat but Services at all-time high

Apple weathers pandemic, revenue flat but Services at all-time high

Net income was $11.2 billion and earnings per share with $2.55, up 4 per cent. Operating cash flow was strong at $13.3 billion -- an improvement of $2.2 billion over a year ago.

May 01, 2020, 11:01 AM IST
Nokia first-quarter in profit, revenues miss consensus

Nokia first-quarter in profit, revenues miss consensus

The Finnish company, battling with China`s Huawei and Sweden`s Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth. 

Apr 30, 2020, 11:52 AM IST
Facebook sees ''signs of stability'' in ad spending after coronavirus drop

Facebook sees ''signs of stability'' in ad spending after coronavirus drop

The announcement came a day after Alphabet`s Google said a drop in its online ad sales similarly steadied in April. Shares of Facebook, the world`s biggest social network and the owner of WhatsApp

Apr 30, 2020, 09:50 AM IST
Global lobbying groups call for delay to India's new digital tax

Global lobbying groups call for delay to India's new digital tax

From April 1 India imposed a new 2% tax on foreign billings, or transactions where companies take payment abroad for digital services provided in India. The tax also applies to foreign e-commerce

Apr 29, 2020, 13:52 PM IST
Samsung warns of second-quarter profit fall as coronavirus hits sales of phones, TVs

Samsung warns of second-quarter profit fall as coronavirus hits sales of phones, TVs

The South Korean conglomerate joined other tech giants such as SK Hynix and Intel in declining to provide annual forecasts because of the uncertainty about the duration of the pandemic.

Apr 29, 2020, 12:03 PM IST
Pfizer profit down 12% as sales of off-patent drugs fall

Pfizer profit down 12% as sales of off-patent drugs fall

Net income attributable to shareholders fell to $3.40 billion, or 61 cents per share, in the quarter, from $3.88 billion, or 68 cents per share, a year earlier.

Apr 28, 2020, 16:54 PM IST
India, China ripping us off, we don't consider them as developing nations: Donald Trump

India, China ripping us off, we don't consider them as developing nations: Donald Trump

The statement from Trump comes at a time when the US and China are currently engaged in a bruising trade war after the Trump Administration imposed punitive tariffs on Chinese goods and Beijing

Oct 18, 2019, 08:28 AM IST
US-China trade war will drag down global growth, warns IMF

US-China trade war will drag down global growth, warns IMF

Both China and the US have had their growth forecasts lowered.

Oct 16, 2019, 08:13 AM IST
World’s oldest travel firm Thomas Cook collapses, stranding hundreds of thousands

World’s oldest travel firm Thomas Cook collapses, stranding hundreds of thousands

The firm ran hotels, resorts and airlines for 19 million people a year in 16 countries. It currently has 600,000 people abroad, forcing governments and insurance companies to coordinate a huge rescue

Sep 23, 2019, 09:27 AM IST
Not selling WhatsApp or Instagram: Mark Zuckerberg

Not selling WhatsApp or Instagram: Mark Zuckerberg

Senator Josh Hawley (Missouri Republican) tweeted that he met Zuckerberg during his visit to Washington, DC on Thursday, and asked him to sell Instagram and WhatsApp.

Sep 20, 2019, 15:24 PM IST
Global growth to hit 11-year low: OECD

Global growth to hit 11-year low: OECD

The Paris-based organization had previously expected global growth to accelerate by 3.2 per cent this year and by 3.4 per cent next year.

Sep 20, 2019, 15:21 PM IST
Oil prices rise as Saudi supply risks come into focus

Oil prices rise as Saudi supply risks come into focus

Brent crude futures gained $1.44 to $65.04 a barrel by 0958 GMT, while US West Texas Intermediate crude was up 89 cents at $59 a barrel.

Sep 19, 2019, 16:26 PM IST