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Temu and Shein's Search Ad Dominance Reshaping Retail Marketing Strategies 11/27/2024

The Redemption Dilemma: Chinese Startups Face Financial Turmoil Amid Economic Shifts 11/25/2024

Navigating COP29: A Mixed Bag of Climate Finance, Carbon Markets, and Fossil Fuel Divides 11/25/2024

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British Airways Might Not Reopen Its Gatwick Operations Post Covid-19 Pandemic

The extent to which the coronaviurs pandemic has hit the global airline industry was reflected in reports that suggested the British Airways may not reopen its Gatwick airport operation at all even after the coronavirus pandemic passes, according to a communication from one of the largest airlines...

Covid-19 Hit Airlines Trying Hard To Convert Empty Passenger Cabins Into Cargo Space

Air freighters are the only planes that can now be seen in the air globally amidst the global coronavirus pandemic. This segment of airline business have always found the back seat as passenger air travel is mostly showcased in lavish advertising aimed at attracting business travelers and...

Facebook net profit grows twofold in Q1

In the first quarter of 2020, the net profit of the world's largest social network Facebook almost doubled in annual terms and amounted to $ 4.902 billion, the company said in a press release. Diluted earnings per share were $ 1.71, compared with $ 0.85 a year earlier. Revenues of the social...

Coronavirus Forced Store Closure Results In Falloff Global Sales For Starbucks

Shutdowns of its stores because of coronavirus pandemic related restrictions has resulted a a fall in the global sales of Starbucks in the first three months of 2020. In the current quarter the business environment is likely to deteriorate further before leveling out later this summer, warned the...

Despite Profits, Google’s Alphabet Warns Of Tough Times Ahead

Propelled by double digit growth in advertising in Google despite the economic slowdown from the novel coronavirus, Apple Alphabet Inc beat analysts’ estimate for quarterly revenue for the latest completed quarter. Following the announcement, the shares of Alphabet increased by 4 per cent....

Facebook’s Whatsapp Payment On JioMart

Facebook C.E.O and Reliance’s Ambani are in talks for the formers “biggest purchase since acquiring WhatsApp”. Amid the coronavirus pandemic, as “assets and oil” continue to nosedive, the business tycoon of India, Mukesh Ambani needed to secure a winning deal to prevent “investor exodus from...

PepsiCo withdraws annual forecast amid COVID-19 pandemic

US PepsiCo Inc., one of the world's largest soft drink manufacturers, cut its net profit in the first fiscal quarter of this year and revoked its annual forecast due to uncertainty amid the coronavirus pandemic. According to the company’s press release, its net profit for the 12 weeks ending March...

Deeper Job Cuts Warning Issues By Airbus In Letter To Employees, Says 'Survival At Stake'

Airbus employees, a total of 135,000 people, have been warned of possible deeper cuts in jobs, the European plane maker said in a bleak assessment about the the impact of the coronavirus pandemic crisis on its business. The airline has also warned that its very existence is at stake because of the...

Despite Uncertain Demand, European Car Makers Restart Production

The biggest factory of the biggest German car maker Volkswagen started to reopen on Monday even as the broader industry in Europe is trying to get back to work. The novel coronavirus pandemic has hit Europe very hard resulting in plummeting of demand and piling up of inventory. Lockdown...

Airbus CEO: The company's survival is under threat

Head of the European aerospace concern Airbus SE, Guillaume Faury, warned of a threat to the company's survival in the context of the coronavirus pandemic, writes the Financial Times, citing a letter from the top manager. “We are losing money at an unprecedented rate, which threatens the existence...