While the trips for ride hailing company Uber increased by 5 per cent in the second quarter from its lows in April, the company’s gross bookings were 75 per cent lower than the same period a year ago. This is the major revenues for the company in the past.   However there was an increase of...

The novel coronavirus pandemic hit on the global demand for oil and its prices has forced British Petroleum (BP) to reduce its shareholder dividend by 50 per cent while announcing a quarterly loss of $6.7bn.   For pension funds and private investors, this cut in dividends is another blow as...

The manner in which the United States is treating TikTok — the very popular video-sharing app that has come in the cross fire of the worsening US-China relations, has been described by the Chinese state media as "nasty" in the last few days.   "The US' decoupling from China starts [with]...

United States based technology giant Microsoft Corp. is in talks with the Chinese short video pp TikTok to buy out the operations of the app in the United States as well as in Canada, Australia and New Zealand, Microsoft has confirmed in a blog post on Sunday.   The company has also...

HSBC, the largest bank of the United Kingdom but with its roots deeply entrenched in eh Asian market, reported a 65 per cent year-over-year drop in its pre-tax profits for the first six months of 2020 with the bank setting aside more funds for anticipated potential loan losses that could take place...

Despite an unprecedented boycott by its major advertisers and the economic impact of the novel coronavirus pandemic, social media giant Facebook easily beat analysts' estimates for quarterly revenue while also forecasting growth on the similar lines for the future quarters. The driver of its...

A network of 3,236 satellites aimed to provide high speed broadband internet services to people who have lack of access to speedy internet services all across the world will be build by Amazon.com Inc, and for that purpose an investment of more than $10 billion will be made by it, the company said...

China’s controversial tech giant Huawei Technologies became the largest smartphone seller in the world for the second quarter, beating South Korea’s Samsung. This development also highlighted the resilience of the Chinese market in this field even in the face of a plunge in global demand for...

A research partnership with Japanese industry was launched on Thursday by the United States based tech firm International Business Machines Corp (IBM) with the aim of accelerating advances in quantum computing. This partnership further deepens ties between the two countries in a field that it both...

United States based electric car maker Tesla Inc is ready to license its software and supplying powertrains and batteries to companies, said the company’s Chief Executive Officer Elon Musk on Tuesday.   Previously, the company had spate partnership deals and had supplied batteries with two...

United States based chip maker and global leader Intel Corp said that it was removing its Chief Engineering Officer Murthy Renduchintala as a part of the measures of the company under which a crucial technology unit of the company will be separated into five teams.   Its reorganizing its...