The American trade restrictions imposed on the Chinese tech company Huawei, which severely impacted the sales of the company in 2019, will make 2020 one of the most difficult year years for it, the company warned on Tuesday.   The company also predicted that retaliatory measures will also be...

The United States based auto giant Ford has said that it would be manufacturing as many as 50,000 simple ventilators within 100 days for the coronavirus patients and added that its plans include continuation of production of 30,000 ventilators every month from then on.   The ventilators will...

A rising demand for groceries and a shortage of workers has prompted Amazon.com Inc to offer higher pay to its own employees engaged in its warehouses to work in picking and packing at Whole Foods, reported the news agency Reuters based on an internal document in its possession.   This...

The very heavy hit that the global airlines are facing because of the coronavirus pandemic and the travel restrictions and national lockdowns imposed by many countries hit by the virus outbreak was reflected in the decision of British low cost airline EasyJet to ground all of its fleet of more than...

One of the largest airlines of the Middle East - Qatar Airways, will soon run out of cash even to operate flights, said the company’s  Chief Executive Akbar al-Baker on Sunday to te news agency Reuters, and added that the company will have to approach for help eventually.   Governments...

With the slow but assured opening up of China following a severe lockdown, iPhone factories of the suppliers of Apple are mostly back in operations. However the question that the United States based tech giant is currently facing is how many people would be willing to purchase the older as well as...

United Kingdom’s high street retailer Next has decided to temporarily stop all of its operations to protect its staff from being infected with the coronavirus.     With the number of people catching Covid-19 – the disease caused by the novel coronavirus, in the UK and the number of...

Just three days into the 21 day national lockdown in India to prevent the fast spread of the coronavirus, e-commerce companies operating in the country, including the leaders Amazon and Flipkart, are troubled by disruption in their business despite assurances from the government, according to...

The coronavirus pandemic spreading all across the world has forced Sweden's H&M, the world's second largest clothing retailer, to announce on Monday that it would be scrapping its proposed dividend. The company also added that all parts of the company’s operations were also being reviewed by...

With a large spike in the growth of demand for online products by people who are stuck at home because of lockdown in cities in the United States because of the coronavirus pandemic, the world’s largest online retailer Amazon.com has said that it will be increasing its overtime pay for those...

The quality of videos that are streamed by Netflix Inc. and Google’s YouTube will be reduced by both the companies in Europe so that pressure on the networks is relieved as more people go online because of lockdown in many cities in the region to prevent the spread of coronavirus pandemic.  ...