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San Jose’s Zoom to roll out strong encryption video-conference for paying customers

30-05-2020

On Friday, Zoom Video Communication's security consultant Alex Stamos confirmed that the company was going to roll out a package with strong encryption video calling for its paid customers and institutions

Trump signs executive order targeting Facebook, Twitter after fact-checking catch-22

30-05-2020

Less than a couple of days after the Twitter Inc. had branded Trump's tweets subjected to fact-checking, the US President signed off an executive order to regulate the social networking companies

Boeing Co. sets to butcher up to 12,000 US jobs, thousands more planned

29-05-2020

Boeing Co. said in a statement on Wednesday that the world's second-largest aviation industry Goliath was set to slash up to 10% of its entire workforce by end-2020

Californian search engine giant Google to reopen offices, aims 30% capacity by Sept.

28-05-2020

Alphabet Inc.-owned Google LLC. Chief Executive Sundar Pichai said in a blog post on Tuesday that the company was looking to reach 10% of its capacities by July 6th

Cupertino iPhone maker Apple Inc. to reopen 100 US stores, most with curb-side pickup

28-05-2020

Apple Inc. said in a statement late on Tuesday that the iPhone manufacturer was planning to reopen 100 stores across the United States in a near-term outlook

Chile’s LATAM becomes largest airline bankrupted by pandemic, shares nosedive 35%

28-05-2020

Chile's LATAM Airlines Group SA had filed for a US bankruptcy protection on Tuesday, which in effect had rubbed out as much as a third of the company's market cap in a single session

New Jersey’s Merck to buy Austrian biotech firm Themis in race to pandemic vaccine

27-05-2020

Merck & Co. Inc. said in a statement on Tuesday that the company was going to purchase an Austrian vaccine manufacturer Themis Bioscience

New York’s Warner Music seeks to raise $1.8 billion on 'June 2' Nasdaq IPO

27-05-2020

Warner Music said on Tuesday that the company was seeking to raise as much as $1.82 billion in an Nasdaq IPO, expected to be taken place on June 2

S&P sees S. Africa’s economy to contract 4.5% in ‘20, projects 3.5% growth in 2021

26-05-2020

Later last week, American credit rating agency S&P forecasted that the S. African economy would likely to telescope by 4.5 per cent this year

India's Reliance launches JioMart online grocery service in challenge to CA retailers

26-05-2020

Chief executive of JioMart's grocery retail business, Mall said in a tweet that Reliance's digital wing, JioMart, was set to open an online grocery service

Washington sees in-person G7 summit by end-June as pandemic weakens

26-05-2020

White House National Security Advisor, Robert O'Brien said that an in-person meet of the G7 leaders could take place as early as by end-June

Ethiopia to sell 40 per cent of Ethio Telecom, says Minister

25-05-2020

Ethiopia's State Minister of Finance Tolina said that the Government was planning to a sell-off of 40 per cent stake of its Ethio Telecom

Californian Tesla seeks Beijing nod to build Model 3 with LFP as US pressure mounts

25-05-2020

Tesla Inc. has been seeking approval from China's Ministry of Industry and Information Technology to build its China-made Model 3 with cheaper LFP batteries

Mercedes-AMG CEO to replace Aston Martin Chief Palmer in management revamp

25-05-2020

British luxury carmaker Aston Martin replaced its CEO Palmer less than a month after the company had reported a steep nosedive in sales on Q1, 2020

Germany’s Lufthansa to resume flights to 20 destinations from mid-June

25-05-2020

A spokeswoman for German airliner Lufthansa said that the carrier would resume its flights to 20 destinations from mid-June

Swiss shipping giant Kuehne + Nagel to cut 20,000 jobs as pandemic scorches demand

24-05-2020

Controlling stakeholder of the Swiss shipping industry giant, Kkuehne+Nagel, Klaus-Michael Kuehne said that the company would likely to slash 20-25% of its workforce

Florida’s car rental Hertz files for bankruptcy as pandemic totters tourism industry

23-05-2020

American multinational car rental service provider Hertz Corp. has filed for a US bankruptcy on May 22 having failed to secure a financing from potential creditors

33 Chinese companies added to US blacklist in latest Beijing spat

23-05-2020

US Commerce Dept. said on Friday that it would be blacklisting 33 Chinese companies with tie-ups to a 24*7 surveillance on Uighur population and other Chinese military activities

Hewlett Packard Enterprise misses Q2 profit, sets off $1bn savings plan

23-05-2020

Hewlett Packard Enterprise misses Q2 profit estimates and unveils a 25% pay cut for its executives alongside a plan to reach a gross savings of $1bn by 2022

Cincinnati store chain Macy’s Inc. set to become smaller amid health crisis

23-05-2020

Macy’s Inc. said its operational losses could mount up to $1.11 billion over the first quarter of the year

Kansas insurance firm SelectQuote shares surge over 40% in US market debut

22-05-2020

Shares' prices of the insurance policy comparison provider SelectQuote mushroomed as much as 40% at its US public market debut

China’s Baidu Inc. weighs leaving Nasdaq as US pressure mounts

22-05-2020

Amid conflicting narratives over the foggiest Sino-US trade frontiers, Baidu Inc., the Chinese search engine megalith, had been brewing off an option to delist its stocks from Nasdaq in a bid to enlist its shares into an stock exchange closer to China

Asian stocks rally, bullion market suffers

21-05-2020

The US Dollar, however, did not do so well against other currencies

Johnson & Johnson to stop selling talc-based powder in the US, Canada

20-05-2020

The company has said that its corn-starch-based products will be sold in these two markets

Atlanta home improvement retailer Home Depot misses profit as pandemic cost weighs

20-05-2020

On Tuesday, The Home Depot Inc., the No. 1 home improvement company in the United States headquartered on Atlanta Store Support Centre, Georgia, reported a 10.7 per cent drop at its net earnings to $2.25 billion or $2.08 per share over Q1, 2020

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