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Pandemic Related Work From Home Regimen Makes WeWork Listing Doubtful

According to experts, investors will have to consider the uncertainty about the future of demand for office space in a pandemic environment globally where work from home is becoming the norm and poses a threat to the business model of WeWork, as this United States based office space renting startup...

US Delisting Threat Result In Loss Of $60 Billion In Three Days For China’s Dual-Listed Tech Giants

Within the last few days, billions in market value have been collectively lost by China’s dual-listed tech giants — Alibaba, Baidu, JD.com, and Netease. These losses came after new threats of the companies being delisted from United States stock exchanges emerged a few days ago.   According...

Nike’s Xinjiang Statement From The Past Causes Anger Among Chinese Social Media Users Against It

Following Chinese internet users laying hands on a statement from the sporting goods giant Nike in which it had said that was "concerned" about reports emerging from Xinjiang province in China of forced labour and stressing that it does not source raw materials from that Chinese region resulted in...

Customers Can Now Use Bitcoin To Buy Tesla Cars, Says Elon Musk

After having indicated a couple of months ago about allowing customers to pay for its cars in crypto currencies and itself purchasing bitcoin worth $1.5 billion, the United States based electric car maker Tesla announced on Wednesday that the company’s customers can now actually use the number 1...

Saudi Aramco CEO Says Firm Will Have China’s Energy Security As Priority For 50 Years

The Saudi Arabian oil giant Saudi Aramco believes that the new and existing energy sources would be developing parallel for some time and therefore the company will spend the next 50 years and beyond to ensure that the energy security of China stays at the top of its priority list.    ...

Private Bank Business Of Barclays Expanded Into France And Italy

Barclays is aiming to grow its European wealth business in the wake of the United Kingdom having left the European Union and has since expanded its activities of ts private banking business to France and Italy.   Bernard Corneau and Carlo Baronio have been appointed as the heads of private...

Pandemic-Induced Delivery Demand Pushes FedEx To Beat Forecast

An increase in the volume of deliveries because of the pandemic induced deliveries for e-commerce companies during the holiday shopping season as well as higher prices helped the United States based delivery firm FedEx Corp to report better than expected quarterly profits, the company said.  ...

WhatsApp Has Hired Top Executive Of Amazon Pay In India: Reports

The social media platform and messaging service company WhatsaApp us getting ready to enter the booming digital payments industry in India and has reportedly roped in a top Amazon executive for heading the company’s payments business in the country.   According to reports quoting sources...

Ford To Idle Two Plants Due To Chip Shortage And Assembly Some Vehicles Without All Parts

In addition to stopping production at two factories because of the global ship shortage, Ford Motor Co will also not be able to fit certain parts in the assembly of its flagship, highly profitable F-150 pickup trucks and Edge SUVs in North America for now, the company has said.   A...

Pandemic And Shipping Issues Hits Nike’s Sale As Its Misses Estimates

Shipping issues during the Covid-19 pandemic and the slump in sales at its brick-and-mortar stores because of the various restrictions imposed for the pandemic last year drove Nike Inc to miss its quarterly sales estimates. There was also disappointment among investors about the revenue forecast...

Google To Invest $7 Billion In Offices And Data Centers In The US In Contrast To Trend Of Working From Home

Even though there is a growing trend among companies – especially among tech companies, to let their employees work from home more and reduce office space, an investment of $7 billion in offices and data centers across 19 states of the United States will be made by Google kin its new efforts to...

Chinese Android App Stores Removed Alibaba's Browser

The UC Browser from the Chinese tech giant Alibaba Group was removed from their mobile apps by Chinese app stores following the severe criticism of the browser Chinese state television's annual consumer rights show over it allowing displaying of medical ads that were put up by companies unqualified...
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