Nokia profit up; Sales dip due to Covid19

April 30th, 2020 Nokia has reported first-quarter profit but said the COVID-19 pandemic dented sales.

Facebook revenue grew 17 percent, Posted $4.9 billion profit in Q1 2020

April 30th, 2020 Facebook also reported a sharp jump in usage as the global pandemic in a quarterly result.

Oracle wins cloud computing deal with Zoom as video calls surge

April 28th, 2020 Zoom and Oracle executives said their engineering teams worked together on a daily basis to get up and running systems.

Amul eyes 15 percent growth in turnover despite COVID-19, Doble its Overall revenue in 5 years

April 27th, 2020 Amul brand expects 15 percent revenue growth in FY20-21 despite Covid19 effect.

Samsung ends Mobile Phone production in China

April 12th, 2020 Samsung ends smartphone production in China by intensifying competition from domestic rivals.

Donald Trump backed Sanofi will donate 100 million hydroxychloroquine doses

April 10th, 2020 French firm Sanofi said it will donate 100 million hydroxychloroquine doses in 50 countries.

TikTok pledges USD 250 mn for COVID-19 Relief

April 9th, 2020 TikTok, a popular short video making app will contribute $250 million to coronavirus relief around the world.

WeWork sues SoftBank for backing out of $3 billion Investment deal

April 7th, 2020 WeWork sued SoftBank after the Japanese investment group announced backing out of a USD 3 billion investment deal.

WeWork troubles deepen as SoftBank pulls its $3 billion tender offer

April 4th, 2020 SoftBank has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders.

The Cost of Tokyo Olympic Postponement

March 24th, 2020 The postpone of Tokyo Olympic over the coronavirus pandemic is likely to pile on the pain for Japan’s economy,

IMF Warns Coronavirus Recession Could Be Worse Than 2009

March 23rd, 2020 IMF MD in a statement said the world economy is facing “severe” economic damage from the coronavirus pandemic that could be even more costly than in 2009.