INTERNATIONAL COMPANIES NEWS
-
January 30, 2023, Monday
Automakers Renault, Nissan to make cross-shareholdings equal at 15%
Nissan and Renault have changed their mutual cross-shareholdings equal at 15 per cent, ironing out a source of conflict in the ...
-
January 30, 2023, Monday
Memory chip crisis threatens to wipe out earnings, destabilise suppliers
It's been a swift descent from the industry's pandemic sales surge, which was fueled by shoppers outfitting home offices and ...
-
January 29, 2023, Sunday
How a drug company made $114 billion by gaming the US patent system
The incident has become a case study in how drug companies artificially prop up prices of their best-selling drugs
-
January 28, 2023, Saturday
UK regional airline Flybe slumps into bankruptcy for second time in 3 years
Struggling UK regional airline Flybe collapsed for the second time in three years Saturday, putting jobs on the line and leaving ...
-
January 28, 2023, Saturday
Tesla CEO Elon Musk meets US officials to discuss electric vehicles
Tesla and Twitter CEO Elon Musk met Biden administration officials in Washington to discuss electric vehicles, CNN reported on ...
-
January 28, 2023, Saturday
Intel stock down over 9% on grimmest quarterly outlook since 2010
First-quarter sales will be $10.5 billion to $11.5 billion, the chipmaker said
-
January 27, 2023, Friday
Ohio-based Goodyear to cut 500 jobs amid weak demand, rising inflation
The company said it's grappling with inflation in areas such as wages and benefits, countering the benefit from a decline in raw ...
-
January 27, 2023, Friday
Lexus chief executive to take over Toyota as founder's grandson quits
The succession announcement was broadcast on a webcast through the automaker's Toyota Times channel
-
January 26, 2023, Thursday
Microsoft-owned GitHub crosses 100 mn developers, over 10 mn in India alone
Microsoft-owned open source developer platform GitHub has reached 100 million members globally, and is growing fast in India too ...
-
January 26, 2023, Thursday
Card spending slows, hurting revenue growth amid inflation, says Mastercard
Net revenue for the fourth quarter jumped 12% to $5.82 billion, in line with the $5.8 billion average of analyst estimates ...
-
January 26, 2023, Thursday
Why big tech is firing employees by the thousands? Should we be worried?
What exactly led to this massive shakeout? And what does it mean for the industry, and you?
-
January 26, 2023, Thursday
Toyota Motor Corp's CEO Akio Toyoda to step aside, become chairman
Toyota Motor Corp. said Thursday that its CEO and president, Akio Toyoda, will become chairman. He will be replaced as CEO by the ...
-
January 26, 2023, Thursday
Tesla says it will invest $3.6 bn in Nevada truck factory expansion
Tesla said it intends to invest USD 3.6 billion to expand manufacturing capabilities in Nevada and is confident growing ...
-
January 26, 2023, Thursday
Elon Musk's 'impulsive' use of Twitter seizes spotlight in Tesla trial
Tesla CEO Elon Musk's impulsive and sometimes inflammatory usage of Twitter took centre stage Wednesday in a trial focused on ...
-
January 26, 2023, Thursday
IBM announces layoffs amid tech slowdown, to cut global workforce by 3,900
In its forecast, IBM said free cash flow in fiscal 2023 is expected to be $10.5 billion while revenue will increase in the ...
-
January 25, 2023, Wednesday
Boeing loses $663 mn in Q4 despite higher revenue amid supply chain problem
Boeing said on Wednesday it lost USD 663 million in the fourth quarter as rising production costs and supply-chain problems ...
-
January 25, 2023, Wednesday
Murdochs drop proposal to recombine Fox and News Corp, say 'not optimal'
The move was widely seen as a way for Lachlan Murdoch to cement his control over the family media empire.
-
January 25, 2023, Wednesday
US sues Google to break up ad-technology unit in heated antitrust fight
Google said in blog post that the lawsuit "attempts to pick winners and losers in the highly competitive advertising technology ...
-
January 25, 2023, Wednesday
Twitter faces more lawsuits over unpaid rent for US HQ, UK office
Twitter quit paying rent on its San Francisco headquarters in December
-
January 24, 2023, Tuesday
Twitter faces more lawsuits over unpaid rent for US HQ, UK office
More landlords are taking Twitter to court over unpaid rent at the social media company's headquarters in San Francisco and its ...
-
January 30, 2023, Monday
Automakers Renault and Nissan make cross-shareholdings equal at 15%
Nissan and Renault have changed their mutual cross-shareholdings equal at 15 per cent, ironing out a source of conflict in the ...
-
January 29, 2023, Sunday
China's smartphone sales plunge to lowest in a decade, says report
In 2022, Vivo retained top spot with a 19.2% market share in China, followed by Apple at 18% and Oppo at 17.5%
-
January 29, 2023, Sunday
US investigates self-driving claims made by Elon Musk for Tesla: Report
Musk in November last year said the Tesla FSD beta is available to anyone in North America
-
January 28, 2023, Saturday
Twitter will take 'less severe action' against accounts that break rules
Elon Musk-run Twitter on Saturday announced it will take "less severe actions" against user accounts that break its rules, asking ...
-
January 28, 2023, Saturday
European Union mulls $100 a barrel price cap for Russia diesel exports
The EU and G-7 want to impose the limits on Russian exports to third countries
-
January 27, 2023, Friday
American Express Q4 profit decline 9% as customers fall behind on payments
American Express saw its fourth-quarter profits fall by 9 per cent, as the credit card giant had to set aside significantly more ...
-
January 27, 2023, Friday
Akio Toyoda set to remain a force at Toyota, even as he bows out as CEO
Market reaction to Toyoda's announcement was muted - the automaker's stock price was little changed on Friday
-
January 26, 2023, Thursday
Tesla logs record profit in fourth quarter, warns of uncertainties
Tesla, maker of electric vehicles and solar panels said it made $3.69 billion from October through December, or an adjusted $1.19 ...
-
January 26, 2023, Thursday
Cognizant announces new services agreement worth $1 bn with CoreLogic
Nasdaq-listed IT company Cognizant on Thursday announced a new 10-year services agreement valued at about USD 1 billion with ...
-
January 26, 2023, Thursday
Nokia says is gaining market share, benefitting from 5G roll-out in India
CEO Pekka Lundmark said Nokia saw another year of growth ahead in 2023, in sharp contrast with its main rival Ericsson
-
January 26, 2023, Thursday
SAP plans to sell its stake in Qualtrics, cut 3,000 jobs to boost profit
SAP Chief Executive Officer Christian Klein said in a call with reporters that the job cuts were a strategic move and "not ...
-
January 26, 2023, Thursday
Tesla Cybertruck won't see mass production until 2024, says Elon Musk
The Cybertruck was first announced in 2019 to widespread interest, but its production has been repeatedly delayed
-
January 26, 2023, Thursday
Tesla says its 4Q profit rose 59% to $3.69 bn, expects strong margins
Tesla on Wednesday posted record net income in the fourth quarter of last year, and the company predicted that additional ...
-
January 26, 2023, Thursday
Investment bank Goldman Sachs to partially retreat from consumer banking
Goldman Sachs no longer wants to be the bank for everyone. The storied investment bank spent eight years attempting to expand ...
-
January 26, 2023, Thursday
New Twitter whistleblower says privacy lapses continued into Musk era
"Twitter does not have the capability to log which, if any, engineers use or abuse GodMode"
-
January 25, 2023, Wednesday
The Washington Post lays off 20 newsroom staff, shuts gaming division
Media giant The Washington Post has begun laying off employees, starting with eliminating at least 20 newsroom jobs and shutting ...
-
January 25, 2023, Wednesday
Microsoft, amid layoffs, says quarterly profit declined 12% to $16.43 bn
Microsoft on Tuesday reported a 12% drop in profit for the October-December quarter, reflecting the economic uncertainty it said ...
-
January 25, 2023, Wednesday
US justice department set to sue Google over digital ad market dominance
The lawsuit is expected to take an aim at Google's advertising business
-
January 24, 2023, Tuesday
3M to cut 2,500 jobs as CEO Roman vows to reexamine 'everything we do'
The maker of Post-it notes, surgical supplies and touch-screen displays said Tuesday that it sees adjusted earnings for 2023
-
January 24, 2023, Tuesday
Cut 20% jobs at Alphabet, key investor Christopher Hohn tells Sundar Pichai
Google's parent company Alphabet has eliminated 12,000 jobs or 6 per cent of its workforce
