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US Contemplating Banning Chinese Apps Including Tik Tok, Says Mike Pompeo

The United States is “certainly looking at” banning Chinese social media apps, including TikTok, said the US Secretary of State Mike Pompeo, effectively suggesting that Chinese app had shared personal information of its American users with the Chinese government.   These charges have been...

Tesla Takes A Dig At Its Shortsellers, Offers Red Satin Shorts For Sale

United States electric car maker Tesla Inc did not spare the chance to poke fun at the company’s naysayers and criticizers - with sales of red satin shorts, after the company overtook Toyota Motor Corp to become the most valuable automaker of the world and stunned the market with car deliveries in...

Final Part Orders Placed For Boeing’s 747 Jumbo Jets As Company Ends The Program: Reports

It was about a year ago that both the United States based aircraft making giant Boeing Co as well its suppliers had set the final number of parts that would be needed for the last lot of the 747 jumbo jet program of the plane maker.   This was a very strong signal about the imminent end of...

Indian Telco Jio To Get Investment From Intel, Following $5.7 Billion Bet By Facebook

It was just three months ago that the social media giant Facebook announced its decision to make an investment of $5.7 billion in Indian telco Jio Platforms. This week, United States based chip maker Intel said that it would be making an investment of more than $250 million in Jio Platforms....

Fiat And PSA Reiterate Their Merger Plans After Dividend Cut Reports

Recent reports that the two ‘soon to be merged’ car makers Fiat Chrysler (FCA) and PSA were planning to spinning off assets to cut a planned 5.5 billion euro ($6.2 billion) cash payout to FCA shareholders were dismissed by the companies and reiterated that the companies were intent on sticking to...

Boeing To End Production Of Its Iconic 747 Jumbo Jet: Reports

Manufacturing of its iconic 747 Jumbo Jets would be stopped by United States based aircraft manufacturing giant Boeing after it completes a current order of 16 planes, said reports quoting sources.   Reports said that the company expects to complete the production of the last batch of the...

Second Covid-19 Indian Vaccine Candidate Granted Permission In A Week To Start Human Trials

A second possible Covid-19 vaccine candidate developed by Indian pharma companies was granted permission by Indian regulators this week to start human trials.   The Indian drug maker Zydus has been granted the approval to begin testing the potential vaccine on humans in clinical settings on...

Corporate Conspiracy To Oust Its Former Boss Carlos Ghosn Denied By Nissan

Allegations of conspiracy within Nissan to oust former Chairman Carlos Ghosn have been squarely rejected by the Japanese auto major.  Following the arrest of Ghosn in Japan in November 2018 on charges of financial misconduct at Nissan, there were allegations of conspiracy being hatched...

All Physical Retail Stores Of Microsoft To Be Closed Permanently

Microsoft will close down all of its physical retail stores globally.   The company has said that all Microsoft Store locations in the United States and around the world will be closed down by it.   The company announced that it will retail physical stores in only four locations which...

Advertisements On Social Media Platforms To Be Paused By Starbucks

All advertisements on social media will be stopped by Starbucks Corp in its efforts to try and stop the spread of hate speech, the global coffee chain said in a statement.    The company will "have discussions internally and with media partners and civil rights organizations to stop the...

Strategy Review After Pandemic Will Be Necessary, Says Emirates COO

The chief operating officer of Gulf airline Emirates believes that there is need to further redefine its strategy of the company following the near halting of global aviation industry because of the novel coronavirus pandemic.   The airline however also stressed on the need to bring in more...

Nike Posts Surprise Loss Reported By Nike Due To Pandemic Hit, Online Sale Grows

Markets were in for a surprise when the sport apparel company Nike reported a loss for the latest completed quarter which was a first quarterly loss for the company in over two years.    The company said that its business was affected significantly by the closure of its department and...
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