German carrier Lufthansa forecasts 80% plunge in revenues, no recovery until 2024 07-08-2020 On Thursday, the German aviation industry titan Lufthansa had forecasted an 80 per cent plunge in annual revenues, while the carrier had also warned of a sustained weakness
BMW reports plunge in Q2 profits but sees rebounds in China 07-08-2020 German luxury carmaker BMW had reported a $250 million hit over the second quarter of the year, but kept full-year profit forecast unchanged citing an upbeat China demand
Omaha’ Berkshire buys $2.07bn BofA shares over past 3 weeks, has 11.9% stakes 07-08-2020 In a regulatory filing, Warren Buffet's Berkshire Hathaway said that it had spent over $2.07 billion in less than past three weeks on BofA common stocks
New York’s Blackstone to takeover Ancestry.com at a $4.7 billion buyout deal 06-08-2020 Blackstone, the world's largest alternative asset management company said on Wednesday that it would purchase a family tree website offering genealogy to its clients at a $4.7bn buyout deal
Sony’s quarterly profit soars as video games revenues rise amid pandemic lockdown 06-08-2020 Sony Corp. said on Tuesday that the Japanese tech conglomerate's quarterly profit had surged as much as 53 per cent over the second quarter of the year
South African telecom operator Telkom moves into financial services 04-08-2020 Later last week, S. African telecom operator Telkom SA said that it would tap into financial services by launching a funeral insurance business
HSBC cautions bad loan could hit $13 billion, posts 65% plunge in H1 profit 04-08-2020 Earlier on Monday, the London-headquartered British multinational lender HSBC had warned that its bad debts could surge past $13 billion this year
Kenya Airways resumes international flights as pandemic curbs lifted 04-08-2020 On Saturday, Kenya Airways, the Kenyan flagship carrier had resumed operation following a four-month long halt in operation
Petroperu resumes pipeline operations after three-month long pandemic-driven halt 04-08-2020 On Saturday, Petroperu said in a statement that the Peruvian state backed oil behemoth would resume its pipeline operation this week after a three-month pandemic driven halt
Californian iPhone maker Apple removes thousands of game app from store 03-08-2020 On Saturday, data from Qimai had revealed that the iPhone maker Apple Inc. had removed over 26,000 Chinese apps from its app store since end-June
TikTok parent ByteDance agrees to divest US operation 03-08-2020 China's small video sharing app TikTok parent ByteDance had agreed to divest its UK operation, a Fox Business news had unveiled late on Sunday
Two thirds of UK firms “fully operational” after pandemic shutdown, says CBI survey 03-08-2020 A CBI survey had revealed on Sunday that around two-thirds of UK businesses had been operational as of mid-July
Washington’s Microsoft in advanced talk to purchase TikTok’s US business 03-08-2020 A New York Times report had revealed on Saturday that Microsoft Corp. had been in an advanced stage talk to purchase the Chinese small video sharing app TikTok's US operation
White House, Congressional Democrats still at stand-off over pandemic relief bill 02-08-2020 On Saturday, top US congressional lawmakers had told that the US Congress remained divided over a second round of pandemic relief bill
New Jersey’s Merck raises full-year profit forecast despite lofty layoffs on vaccines 02-08-2020 On Friday, the US-based pharmaceutical Merck Co. & Inc. had raised its full-year profit forecast despite lofty investments on two pandemic vaccines and a potential cure
US throws away another $2.1bn to GSK and Sanofi in pursuit of a potential vaccine 01-08-2020 British drugmaker GSK alongside French pharmaceutical Sanofi's vaccine division said in a joint statement on Friday that the companies had reached an accord with the US Government to supply at least 100 million doses of experimental vaccinces
Apple becomes most-valuable public company with $1.84 trillion valuation 01-08-2020 Work-from-home culture and driven demand for iPad and Macbook helped the company boost its value
Car giant Fiat Chrysler reports second-quarter loss for 2020 31-07-2020 The company's sales for this time period crashed by around 424,000 cars
Huawei beats Apple, Samsung, is the most-sold smartphone brand in 2020's 2nd quarter 31-07-2020 However, 70% of the smartphone sales of the company came from within China
TikTok launches Creator Fund, will pay creators $2 billion in upcoming three years 31-07-2020 Any TikTok creator over the age of 18 will be eligible to receive the funding and can send their applications
Seattle’s Starbucks forecasts better times ahead as stores reopen; shares soar 30-07-2020 Seattle-headquartered world's No. 1 coffeehouse chain operator Starbucks had reported a better-than-expected quarterly revenue over the second quarter of the year
Santa Clara’s AMD raises full-year forecast as beleaguered chip rival Intel stumbles 30-07-2020 NASDAQ-listed shares' prices of AMD torrented as much as 10% in post-market trading on Tuesday after the American multinational chipmaker had raised its full-year profit forecast amid worsening outlook of rival Intel Corp.
California’s Google to keep most of its employees at home until July-2021 30-07-2020 Google LLC. owner Alphabet Inc. Chief Executive Sundar Pichai said in a statement on Monday that Google had decided to keep most of its employees on a work-from-home status until June-2021
China’s Tencent ousts Facebook as world’s most-valuable social media company 30-07-2020 A South China Morning Post news had reported that the Chinese gaming and social media company Tencent Holdings had surpassed Facebook as the world's most-valuable social networking company on Tuesday
China’s soybean imports from Brazil soar to record in June amid Sino-US tension 29-07-2020 China's customs data had revealed on Sunday that the nation's soybean import from Brazil had reached a record peak in June
Google News 
