Business News

World stocks succumb to virus as cases spread, disruptions grow

The US Federal Reserve made an emergency interest rate cut of 50 basis points previously in this week

Mar 6, 2020

By Reuters

Coronavirus scare: Facebook, Amazon, Google ask employees to work from home

Seattle so far has been the most affected area in the US where more than 70 people have tested positive for coronavirus, with 10 resulting in deaths

Mar 6, 2020

By R. Ghosh

Amazon prime Facebook Coronavirus

Cathay Pacific fined 500,000 pounds in UK for data breach

The ICO found that Cathay Pacific's systems were entered with the help of a server connected to the Internet and malware was installed to harvest data

Mar 5, 2020

By IANS

OPEC seen backing big oil output cut, but awaits Russian support

Saudi Arabia wants OPEC and also its allies, to cut one million to 1.5 million barrels per day (bpd) for the second quarter and to keep the existing cuts of 2.1 million bpd

Mar 5, 2020

By Reuters

Coronavirus

November Supermoon: Striking visuals of the closest full moon until 2034

Airlines may lose up to $113 billion in passenger revenue due to COVID-19 outbreak, claims IATA

The deadly coronavirus or COVID-19 which originated from Wuhan in China has claimed the lives of more than 3,200 people around the world

Mar 5, 2020

By IBTimes APAC Desk

Coronavirus

Chinese smartphone vendors begins losing buyers

US lawmakers seek to step up pressure on UK to reverse Huawei 5G decision

Federal Communications Commission followed up by voting unanimously to designate Huawei and ZTE as national security risks

Mar 5, 2020

By Reuters

microsoft new standards of safe windows 10 pc

Microsoft asks staff in Seattle area, Silicon Valley to work from home

Microsoft asked its employees in the Seattle region near its headquarters and the San Francisco Bay Area to work from home if possible until March 25

Mar 5, 2020

By Reuters

Coronavirus

IMF announces $50 billion program to combat coronavirus

The money which is ready to be disbursed immediately is mainly for low-income countries and will mostly be interest-free

Mar 5, 2020

By R. Ghosh

Coronavirus

Facebook comes forward to fight coronavirus; to allow free ads to WHO

Facebook CEO Mark Zuckerberg said that it will block all users trying to run false ads and spread misinformation on coronavirus

Mar 5, 2020

By R. Ghosh

Facebook Coronavirus Mark zuckerberg

Oil steadies as OPEC, allies work on big cut

Saudi Arabia and other OPEC members will seek to persuade Russia to join them in large additional oil output cuts to prop up prices which tumbled due to the coronavirus epidemic

Mar 4, 2020

By Reuters

Coronavirus

Johnson & Johnson ordered to pay $1.7 million in damages for faulty pelvic mesh implants

The company had faced similar lawsuits in other countries and had agreed to pay $17 million to settle claims by patients in 41 states in the US

Mar 4, 2020

By R. Ghosh

Oil extends gains amid optimism for coordinated effort to offset virus

The coronavirus or COVID-19, which originated in China, has spread to over 60 countries and has killed more 3,000 people globally

Mar 3, 2020

By Reuters

Apple agrees to pay up to $500 million to settle lawsuit over slow iPhone performance

Apple was accused of slowing down the battery performance of its older handsets in order to introduce new iPhone models

Mar 3, 2020

By R. Ghosh

Apple ios

Samsung begins constructing $220 million R&D center in Vietnam: report

The construction process of the new research and development center is reportedly going to be completed by end 2022 and will employ 2,200 to 3,000 heads

Mar 3, 2020

By R. Ghosh

Samsung Coronavirus

Coronavirus expected to hurt US earnings harder and longer

Worries about the expected impact escalated last week as the virus, which was first detected in China spread rapidly to countries with important global economic significance

Mar 2, 2020

By Reuters

Coronavirus

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