The largest auto maker of the world Volkswagen has said that it is burning out about 2 billion euros ($2.2 billion) a week and the German auto group’s Chief Executive Herbert Diess told German TV channel ZDF that if the coronavirus pandemic is not brought under control soon enough, it might need to...

Facebook Inc. warned that the spread of coronavirus is negatively affecting its business, despite an unprecedented increase in the use of company services. The number of messages sent via Facebook services in the countries most seriously affected by coronavirus soared by 50%, while sending video...

While the European plane maker Airbus only partial restarted production after a four-day shutdown even as suppliers cut jobs, its rival United States plane maker Boeing said that it would temporarily stop production of most widebody jets as the coronavirus pandemic hits the global aerospace...

Japanese SoftBank Group plans to sell its stake in the Chinese e-commerce giant Alibaba Group for about $ 14 billion, Bloomberg reports citing sources familiar with the Japanese company’s plans. The Japanese corporation can gain from $ 12 billion to $ 15 billion for a stake in Alibaba, the agency...

On Monday, market cap of Apple Inc. fell below $ 1 trillion; Microsoft Corp. remains the only American company with a market value above this mark. Apple Inc. shares became cheaper by 2.1%, reaching $ 224.37, at the end of the day. The US stock market closed the next session with a decrease...

Within a week’s time Amazon raised the pay roll’s margin twice for its warehouse workers. In an attempt to meet the growing demand for online shopping as more and more people stuck at home due to coronavirus breakdown opt to shop online, Amazon.com Inc has announced that the company will be...

There is a surge for laptops and network peripherals as well as components because of more and more employees staying back home and working from home in order to slow down the spread of the coronavirus pandemic. This has inevitably also increased demand for supply china products such as chips....

An unprecedented move is being planned by SoftBank Group Corp to restore investor confidence as the investing company wants to raise as much as $41 billion to buy back shares and reduce debt. The shares of the company as well as those of its portfolio companies has been plummeted by the rout of the...

The US airline United Airlines, one of the largest in the world, will restore some international flights, but in general there will be only 10% of the usually scheduled international flights in April, the company said in a press release. Earlier, US airlines announced a sharp reduction in...