Business

Japan’s Sharp to list Dynabook laptop unit in FY2021

Editorial Bureau July 4, 2020

TOKYO (JAPAN) – Japan’s Sharp Corp announced on Saturday that it would go by its initial plan to list its laptop making unit in the financial year next April. Earlier there were reports that it would make the unit public this year. The electronic giant based in Osaka is eyeing

Business

Relaxation in lockdowns eases Euro zone business slump in June

Editorial Bureau July 3, 2020

LONDON (UK) – A survey on Friday said the dip in euro zone business activity triggered by lockdowns eased sharply in June as more businesses reopened. Despite 11 million people getting infected by coronavirus across the world, the dip in the number of daily infections across Europe has prompted governments to loosen curbs on the […]

Business

Fears of COVID-19 resurgence cause oil price to fall

Editorial Bureau July 3, 2020

SEOUL/LONDON (SOUTH KOREA/UK) – Oil price on Friday slipped to $43 a barrel. This was triggered by the concern that resurgent coronavirus cases could stall the fuel demand. But lower supply and encouraging signs of economic recovery resulted in crude heading for weekly gain. With the US recording more than 55,000 new coronavirus cases on […]

Business

Japan automaker Nissan witnesses 4.5% sales growth in China in June

Editorial Bureau July 3, 2020

BEIJING (CHINA) – Japanese automobile giant Nissan Motor said on Friday it witnessed a 4.5% growth in sales in China last monthits sales in China grew 4.5% in June, registering an output of 136,929 vehicles. This comes as the automobile market recovers from the coronavirus crisis. Nissan is eyeing making inroads into the auto market […]

Business

Tencent introduces new US game studio to attract global market

Ren Leen July 3, 2020

HONG KONG (CHINA) – China’s biggest social media and video game company, Tencent Holdings introduced a new California-based studio this week. With this, it is looking to further expand its presence overseas. Former Rockstar veteran Steve Martin will be leading the new studio, LightSpeed LA. Development and publishing of AAA titles, Tencent Games’

Business

Tesla constructing RNA microfactories for CureVac, says Musk

Editorial Bureau July 2, 2020

WASHINGTON (US) – Electric carmaker giant Tesla Inc is constructing “RNA microfactories” in Germany for COVID-19 shot developer CureVac, said the firm’s CEO Elon Musk in a Twitter message on Wednesday. According to CureVac, it is coming out with automated mRNA manufacturing units which can be transported to remote locations to create vaccine

Business

Primark fast fashion chain predicts drop in profit by two-thirds

Editorial Bureau July 2, 2020

LONDON (UK) – UK fast fashion chain Primark is slated to witness a slump of two-thirds in its full-year profit, said its owner Associated British Foods. This comes even though business in the reopened stores is quite encouraging. Primark closed its stores in March soon after the outbreak of the pandemic. It reopened its 153 […]

Business

Despite coronavirus crisis, DS Smith witnesses spurt in annual profit

Editorial Bureau July 2, 2020

LONDON (UK) – Buoyed by the demand from e-commerce and consumer goods customers, DS Smith reported a 5% jump in annual profit on Thursday. But the firm said it was quite early to resume dividends in the short term in the wake of coronavirus spread. The packaging firm said it experienced a 15 million pound […]

Business

Oil demand to attain pre-pandemic level by 2022: Goldman Sachs

Editorial Bureau July 2, 2020

WASHINGTON (US) – Government efforts to boost economies and a shift to private transportation should help the demand for oil across the globe attain pre-pandemic levels by 2022, said Goldman Sachs on Thursday. Oil demand is slated to drop by 8% this year. It is likely to rebound by 6% in 2021, attaining pre-coronavirus levels […]

Business

Ryanair witnesses strong bookings, ticket fares to be at lowest

Editorial Bureau July 1, 2020

DUBLIN (IRELAND) – Ryanair group CEO Michael O’Leary said the airline has witnessed “very strong” bookings for the first two weeks of July when its network reopened on Wednesday. He said the ticket fare is likely to be lower than ever for 12 months. Ticket rates will return to the pre-pandemic levels only by 2022 […]