Ever since the novel coronavirus pandemic begun in March and the global aviation industry was instantly severely hit, the first glimpse of how the European airplane maker Airbus will perform in the future was given by the company as it said on Thursday that it expected to reach cash breakeven in...

With its new strategy of moving away from its earlier ambitions of becoming a global payments leader, China's Ant Group Co Ltd has been cutting down on funding and staff support to a number of the e-wallet firms overseas in which it had invested, claimed reports quoting sources with knowledge of...

In order to better guide consumers in the United Kingdom and other European countries to look for household products that have sustainable credentials, a completely new and dedicated “eco-friendly” shopping platform has been launched by Amazon.   In order to help consumers pick products on...

About 200 million doses of their coronavirus vaccine candidate will be supplied to a global inoculation scheme by drug making giants GSK and Sanofi.   Currently, the first stage of testing is being undertaken by the two companies' vaccine.   With deaths of more than 1.16 million...

The coronavirus pandemic and 737 MAX grounding continued to hammer sales at Boeing Co propelling the company to report its fourth straight quarterly loss on Wednesday. The company however reaffirmed its expectations that it would be able to resume US deliveries of the 737 Max planes before the year...

German luxury car maker Mercedes-Benz claimed that it has developed a self driving system similar to the new Full Self Driving software being touted by Tesla to be of a cutting-edge nature, but has not mentioned anything about allowing members of the public to use the technology on public roads....

Strong demand is prompting China’s Ant Group to prematurely close institutional order books for the Hong Kong part of its record breaking dual IPO, said reports quoting sources with knowledge of the matter.    The company has decided to close the institutional book of the $17.2 billion...

Resilient performance from its Asian operations and with less money set aside to address issues of bad loans helped lender HSBC to report better-than-expected profit in the third quarter.   Previously, the biggest bank of Europe in terms of assets had said that it could set aside as much as...

The United States based energy firm Chevron Corp is now focusing on its natural gas future tied to the Middle East which is a volatile and divided region which has posed any challenges to energy companies. Previously the company was focused on shale production in the US.    An...

Agreement to acquire the United States based biotech firm Asklepios BioPharmaceutical Inc for a deal which could be worth as much as $4 billion was reached by Bayer with the former company hoping to take advantage of the former’s expertise on gene therapy with the help of modified viruses.  ...

In order to offset a drop in sales to gyms and studios because of the restrictions imposed due to the novel coronavirus pandemic, Italian fitness equipment maker Technogym is creating infrastructure to be able to supply more of its exercise machines and virtual trainers to homes of customers....