BUSINESS Softbank Puts $9 Billion Losses as Vision Fund Investments Plunge May 18th, 2020 SoftBank Group racked up a loss of USD 9 billion for the fiscal year through March.
BUSINESS Uber Post USD 2.9 billion Loss in Q1 2020 Ride-hailing platform Uber lost USD 2.9 billion in the first quarter of 2020 due to the coronavirus pandemic.
BUSINESS 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.
BUSINESS 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.
BUSINESS 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.
BUSINESS 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.
BUSINESS Samsung ends Mobile Phone production in China April 12th, 2020 Samsung ends smartphone production in China by intensifying competition from domestic rivals.
BUSINESS 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.
BUSINESS 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.
BUSINESS 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.
BUSINESS 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.