South Korea’s Samsung Electronics has reportedly beat Finnish telecom firm Nokia to bag a part of the contract to supply new 5G equipment to Verizon in the United States, and this is being seen as a major blow to the Finnish company, claimed reports quoting information from various sources with...

Share prices of SMIC, the largest chip maker of China, dropped by as much as 20 per cent on Monday after publication of news that the company would be hit sanctions from the United States. The rout at the stock market resulted in the company losing out $28 billion off its market value while...

While the staff of Malaysia's AirAsia Group has agreed to take a salary cut of as much as 75 per cent, the founders of the company have also decided not to take salaries in order to reduce expenditure in the wake of crash in the airline industry due to the novel coronavirus pandemic, said the...

Investors and shareholders reacted critically to a proposal by Ryanair boss Michael O’Leary for a 458,000 euro ($540,600) annual bonus with an influential investor advisory firm calling on the shareholders of the company to oppose the proposed package when the proposal goes to vote in a non-binding...

After the furlough support scheme of the United States government expires on October 1, United Airlines will be furloughing a total of 16,370 of its workers because of the impact of the novel coronavirus pandemic which has devastated the global airline industry. The airline made this announcement...

United States based e-commerce giant Amazon.com Inc. and largest US wireless telecom carrier Verizon Communications will be holding negotiations with struggling Indian telecom company Vodafone Idea Ltd for a taking up a significant stake in the company. According to reports quoting sources, the...

Following the announcement of a voluntary lay-off program in Australia, oil and gas giant Exxon Mobil Corp is currently contemplating implementing a spade of job cuts for its global operations, according to a spokesman of the company on Wednesday.   A never before witnessed drop in global...

The financial services platform of Amazon.com Inc in India is no offering insurance and even gold services as the company seeks to expand its customer base and attract more subscribers to its Prime loyalty programme in the market where it there is tough competition in the fin tech sector.  ...

The Dutch medical equipment maker Philips was forced to cut its 2020 earnings outlook because of cancellation of an order for 43,000 ventilators that it was to deliver to the United States Department of Health.   This decision was taken after the publication of a report by the US Congress...

The Chinese telecom equipment making giant Huwei’s cloud business still has access to American chips despite the severe ban on the company by the Trump administration of the United States and therefore the firms, which has been caught in the cross fire of the strained US-China relations and the...

The confidence of the French drug maker Sanofi has increased during this summer as the company gets ready to begin clinical trials.   The chief executive if the company said in an interview to Reuters that two of the more than 150 potential vaccines against Covid-19 being developed across...