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...

The path for humanity to finally get a vaccine against Covid-19 seems to be near.   The third and final phase of trials for the vaccines candidates from Moderna Inc and Pfizer Inc, with 30,000 subjects, have been launched and that could finally clear the way for these tow vaccine candidates...

As a part of its strategic program for oncology collaboration for the development of development and marketing of a niche type of targeted cancer treatment, Britain's AstraZeneca has agreed to pay as much as up to $6 billion to Japan's Daiichi Sankyo.   Dorr an experimental drug of Daiichi...

A major a significant change has just been implemented by the search engine giant Google to its policy of e-commerce marketplace product, Google Shopping. The United States based search engine giant will now allow in all types of sellers on that platform - ranging from small retailers to big...

United States based oil giant Chevron is expecting to reduce the diversity imbalance within the company this year through the cost cutting measures that it has undertaken.   The company plans to reduce the dominance of white males in the company and increasing the ratio of women in senior...