The largest retailer of the United Kingdom Tesco reported a 15.6 per cent drop in its core profit despite a significant growth in sale because of the Cvoid-19 pandemic and as sale costs outweighed the increased sale coupled with losses incurred by Tesco Bank.   The new chief executive Ken...

South Korean auto making giant Hyundai brought its zero-emission commercial vehicles to European roads with the delivery of the first seven hydrogen-powered trucks to customers in Switzerland. The company is scheduled to deliver 50 such vehicles to te country this year.   Because of the...

The look and working of the labels that the micro blogging site Twitter applies to misinformation are being reconsidered by it as a part of the efforts of the company to try and make these interventions more obvious to its users and reduce its reaction times to such posts, said e company’s head of...

With the process of shifting to electric cars, which is costly, looming large, the luxury car maker Mercedes-Benz is conducting a rethink of restructuring of its operations to become more profitable after spending years in its efforts to remain the global leader in the sale of luxury cars, an...

The United Kingdom government is being urged by food firm in the country to strengthen rules aimed at protecting rainforests.     A new law that aims to prevent big companies from using produce from illegally deforested land is being planned by the UK government.   The companies...

Another Chinese tech company is slated to become a target for the United States administration.   According to China's biggest chipmaker Semiconductor Manufacturing International Corporation (SMIC), restrictions imposed on it by the US could result in the company being cut off from key...

A United Kingdom state agency said that the former chief of the now defunct political consulting firm Cambridge Analytica will not be allowed to form and run any limited liability companies in the UK for a period of seven years over charges that he had allowed his staff to offer “unethical...

A recent investigation has revealed that the number of injuries to human employees at Amazon’s warehouses has increased since the company has started using robots.   The report is based on internal records for 150 warehouses over four years that had been acquired by it, said the Center for...

The licenses that it would need to sell its memory chips to the Chinese tech giant Huawei are yet to be obtained by Micron Technology even as Huawei has said that it would reduce its sales during the next two quarters, said company executives.   Huawei has been put under sanctions by the...

About 28,000 employees in Disney’s theme parks will be laid off, said Walt Disney Co. Most of the layoffs will happen in the theme parks in the United States where the novel coronavirus pandemic has smashed attendance – particularly in the parks of the company in California where the company has...

Facebook has run into trouble in the Philippines.   The United States based social media company has been accused of censoring all pro-government content by the government which effectively amounted to curtailment of freedom of speech according to the government.   It also called for...