Beaverton footwear maker Nike Inc. to cut jobs in digital push

29-06-2020
Late on Friday, the Beaverton, Oregon-based world's No. 1 footwear maker Nike Inc. had warned of potential job cuts over the coming weeks

German Govt. to cut ties with accounting watchdog after Wirecard €2bn fraud

29-06-2020
A German newspaper, Bild am Sonntag reported on Sunday that the German Govt. would slash its tie-up with the country's accounting watchdog as early as by Monday

Unilever to stop US advertising on Facebook, Twitter until end-2020

28-06-2020
Unilever said in a statement on Friday that the owner of long-adored brands such as Lipton tea and Dove soap, would stop its advertising campaign on Facebook and Twitter in the US until end-2020

UK fintech firms forced to suspend services after Wirecard collapse

28-06-2020
A day after the scandal-hit German payments firm Wirecard AG had filed for an insolvency, the UK FCA suspended activities of Wirecard's UK unit

Menlo Park’s Facebook to label newsworthy posts that break rules as ad boycott widens

28-06-2020
Facebook Inc. had issued a statement on Friday saying that the social networking tycoon would start labelling contents which violated its policy

Idaho grocery store chain Albertsons slumped on NYSE debut after lacklustre IPO

28-06-2020
Amid growing uncertainty over possibilities of a "V" shaped recovery in US economy, the Idaho-based grocery store chain operator Albertsons shares fell by 3 per cent on NYSE debut

Seattle tech conglomerate Amazon to buy Foster City self-driving start-up Zoox Inc.

27-06-2020
Amazon.com Inc., the world's largest online retailer, had reached a $1 billion buyout deal for a Foster City-based self-driving technology start-up Zoox Inc.

Wirecard collapses on $4 billion in debts days after CEO Braun's arrest

27-06-2020
The German payments firm Wirecard AG had filed for an insolvency on Thursday, while its decade-long auditor EY said the company had provided a number of fabricated escrows to cover up the missing €2bn

Saudi Arabia’s biggest lender NCB in merger talks with rival Samba

27-06-2020
The Kingdom of Saudi Arabia's largest lender NCB had reached an initial accord with smaller Samba over a potential merger deal

California’s self-driving start-up Waymo teams up with Swedish Volvo Cars

27-06-2020
Wyamo and Volvo Cars Group said in a joint statement on Thursday that the companies had teamed up to develop a self-driving vehicle for ride-hailing purpose

Cincinnati retailer Macy’s Inc. to slash 3,900 corporate-level jobs

26-06-2020
The century-old departmental store chain, Macy's Inc. said in a statement on Thursday that the American retailer had decided to slash 3,900 corporate level jobs

Investors raise $7.96 billion in debts for ADNOC pipeline deal

26-06-2020
A consortium of investors had signed off a $7.96 billion in debts deal to acquire 49 per cent stake in ADNOC's gas infrastructure subsidiary

Bayer agrees to pay up to $10.9 billion to settle Monsanto Roundup cancer lawsuits

25-06-2020
Bayer AG, the German pesticide and drugmaker said that it had agreed to pay up to $10.9 billion in order to settle the Roundup weedkiller related lawsuits

California's Nvidia, Daimler's Mercedes-Benz deepen self-driving technology alliance

24-06-2020
US-based leading semiconductor manufacturer Nvidia Corp. had cut a deal with the German Mercedes maker Daimler AG over development of an autonomous driving processor and software platform

Cupertino’s Apple switches to its own chips for Mac computers

24-06-2020
Apple Inc. Chief Executive Tim Cook said on Tuesday that the Apple Inc. would shift on to its own chipmaking technology for Mac computers, ending a nearly 15-year-long tie-up with Intel Corp.

New Jersey’s J&J loses bid to overturn baby talc verdict in Missouri appeals court

24-06-2020
An appeals court in Missouri had rejected J&J's bid to overturn a prior verdict related to its asbestos-containing baby talc scandal

Trump suspends entry of certain foreign workers despite business opposition

24-06-2020
The US President Donald Trump had issued a Presidential proclamation late on Monday that barred entrance of skilled foreign employees into the United States until end-2020

Huawei to receive planning permission to build £400 million R&D facility in UK

23-06-2020
The UK-based Sunday Times newspaper said in a report that the US sanction-hit Chinese telecom gear maker Huawei was expected to receive a planning permission to build a £400 million R&D facility in Britain

Wirecard’s missing €2 billion never enters Philippine financial system- Central Bank

23-06-2020
Governor of Bangko Sentral ng Pilipinas, the Central Bank of Philippines said in a statement on Sunday that the German payments firm Wirecard's missing €2 billion had never entered into the country's financial system

Baltic sea freight index posts record weekly gain on China iron ore demand

23-06-2020
The Baltic sea freight index had witnessed a weekly percentage gain of over 300 per cent last week amid a surprise demand surge in iron ore in China

Italy close to announcing Fiat Chrysler’s $7 billion bailout bill

22-06-2020
Fiat Chrysler, the London-based Italian-American carmaker has been closing in to a €6.3 billion state bailout package

Seattle retailer Amazon secures clearance to deliver alcohol in India

22-06-2020
Amazon.com Inc., the world's No. 1 online retailer had secured clearance to retail liquors in the Indian state of West Bengal

Wirecard seeks new financing strategy after Moody’s junk downgrade

21-06-2020
The scandal-hit German payment firm Wirecard AG said on Saturday that it hired a US-based lender Houlihan Lokey in order to engineer a new fundraising strategy

New Development Bank approves South Africa $1billion pandemic loan

21-06-2020
The New Development Bank of BRICS group of emerging economies had approved a $1 billion in emergency debt for South Africa to offset its fiscal impacts of the pandemic

California Disneyland workers’ unions say slated July 17 reopening may be too early

20-06-2020
Californian Disneyland Workers' Unions had sent a letter to the State Governor saying the company's planned reopening date of July 17 might be too early