Articles by R. Ghosh

Crisis deepens as Boeing finds debris in fuel tanks of its grounded 737 Max aircrafts

Boeing's troubles seem to be only mounting with the grounded aircraft still awaiting return to service

Feb 20, 2020

General Motors to lay off all 1,500 employees in Thailand following sale of factories

The carmaker on Monday said that it will wind up operations in Australia and New Zealand and sell its plants in Thailand

Feb 20, 2020

Jaguar Land Rover warns coronavirus could hit its UK output

The British carmaker said that it has enough parts to sustain output for the next two week but production may take a hit from March

Feb 19, 2020

Coronavirus

HSBC to cull 35,000 jobs globally as part of major overhaul

The bank which has operations in 64 countries also plans to shed $100 billion in assets by the end of 2022

Feb 19, 2020

Coronavirus

General Motors to exit Australia, New Zealand, sell off plant in Thailand

The carmaker plans to focus on its profit-making markets and the decision to exit these countries is part of its global restructuring plan

Feb 18, 2020

Cathay Pacific blames coronavirus; warns "significant drop" in first-half profit

Passengers cancelling flight tickets are also demanding refunds which could further increase the airlines' losses

Feb 18, 2020

Coronavirus

Facebook says it will allow political sponsored content

Political campaigns and brands will however have to give a disclaimer that the content is "sponsored content"

Feb 16, 2020

Facebook Us election 2020

Delta Air Lines to go "fully carbon neutral" from March, says CEO

The airline company will invest $1 billion over the next decade and develop clean technology for engines and carbon removal

Feb 15, 2020

Coronavirus attacks Volkswagen; January sales plummet 11% in China

The German carmaker has nearly two dozen facilities in China, which produce 4 million vehicles annually

Feb 15, 2020

Coronavirus

AirAsia alerts public on online scam claiming to give free flight tickets

AirAsia CEO and Chairman relinquish posts as probe into Airbus bribery allegations begin

Airbus allegedly paid a bribe of $50 million to secure aircraft contract from Air Asia and AirAsia X

Feb 4, 2020

Oracle adds five cloud computing data centers; plans more to stay alive in the race

Oracle didn't have a great start to its cloud business, with the likes of Amazon and Microsoft taking the game away from it

Feb 4, 2020

Amazon prime

Coronavirus starts hurting companies; likely to impact economy

A large number of companies have started saying that the temporary shutdown of operations is likely to impact earnings for March quarter

Feb 2, 2020

Coronavirus

American Airlines' pilots refuse to fly to China, file lawsuit; others continue to cancel flights

The union representing the pilots have filed a lawsuit against the company to to halt flight services to China

Feb 1, 2020

Coronavirus

IBM CEO Virginia Rometty to step down; to be replaced by cloud business head Arvind Krishna

Rometty has been with IBM since 1981 and will remain the company's executive till the end of this year when she finally retires

Feb 1, 2020

Amazon prime

NBCUniversal fined $15.9 million by EU regulators for restricting sales of film merchandise

The company's contract with its licensees banned them from selling products in some countries and in cases put limits on how they could sell online

Jan 31, 2020

Boeing registers first annual loss since 1997; 737 Max costs to surpass $18 billion

After halting production of 737 Max this month, the aircraft maker will now slash production of its 787 Dreamliner

Jan 30, 2020

Adidas to use recycled ocean plastic, polyester in millions of its products

Adidas aims to use recycled polyester in 50 percent of its products and also make 15-20 million shoes with marine plastic waste this year

Jan 30, 2020

McDonald's adds two new chicken sandwiches to its breakfast menu, as competition intensifies

The two new variants, Chicken McGriddles and McChicken Biscuit, will be available across all its restaurants in the US for a limited period

Jan 29, 2020

Coronavirus hits global carmakers, as companies start evacuating employees

A number of foreign carmakers like Toyota, Honda and PSA Group have started withdrawing employees from China, while many are contemplating halting production

Jan 29, 2020

Coronavirus Elon musk

Companies advise employees to work from home, as coronavirus starts taking its toll on businesses

While the Chinese government extended the Lunar New Year break by three days, many companies are asking employees to work from home till February 10

Jan 28, 2020

Coronavirus

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