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Twitter Beats Analysts’ Estimates in First Quarter Report

Widely used social network company Twitter Inc. (TWTR) has announced its results for the first quarter ending March 31, the company performed relatively well in the quarter beating several analysts’ estimates. In the quarter, daily Twitter users who can view ads increased by 26% to 166 million, a number above what analysts had estimated by […]

Airbus Profits Slump by 49% in Worst Ever Quarter for the Industry

The airline industry turns out as among the greatly affected by coronavirus pandemic with many players in the industry calling out for injections and bailouts if they are to get back on their feet. Europe largest aerospace company Airbus SE (EPA: AIR) posted its quarterly results recording a 49% decline in profit after recording 281 […]

Fords Nets $2 Billion Losses in a Pandemic Fueled First Quarter

World known automaker Ford Motors Co (F) has released its first quarter results for the year for the period ended March 31, from the results by the company, without a doubt current state of the global economy affected performance of the company in the quarter. In the first quarter, the automaker reported losses amounting to […]

Adidas Sharply Misses Q1 Estimates Says Q2 May be Worse

Terrible First Quarter German based sportswear manufacturer Adidas AG (ETR: ADS) has reported plunged results for the first quarter of the year ending March 31. The company attributes losses to global breakout of deadly coronavirus which has brought economies to standstill more so in the sporting industry where the company thrives in. In the first […]

German Changes Stand on Tech Used by Apple and Google to Combat COVID-19

Two weeks ago, two leading American tech companies Apple Inc. (AAPL) and Alphabet Inc. (GOOGL) announced a partnership working together on a smartphone technology that will help in tracing of persons infected with coronavirus. Additionally, the technology will be notifying non infected persons once they come into contact or near persons who had earlier been […]

Hertz Working to Restructure Debts Following Demand Decline in Car Rental

U.S based car Rental Company Hertz Global Holdings Inc. (HTZ) has announced its ongoing plans whereby the company is currently engaging debt restructuring experts in pursuit of viable options which the company can take after coronavirus pandemic to reinforce its financial outlook. Information from the company’s insiders indicates the global pandemic has forced demand of […]

Netflix Gains 16 Million New Subscribers Amidst Pandemic

Lockdowns and stay at home orders have been the new orders of the day around the world for the past 3 months or so, economies have been plunging deep and deeper. Nonetheless, as the saying goes one man’s poison is another man’s meat is greatly manifesting its relevance with media service provider and production company […]

Defense Minister for Taiwan Ready to Resign Over Coranavirus Outbreak in a Navy Ship

Taiwan Minister of National Defense, Yen Teh-fa, issued a public apology concerning an outbreak of deadly coronavirus in a navy ship said to have toured the Pacific Ocean during in the course of last month. The minister said he is willing to resign. “I have asked President Tsai for punishment, and the president has asked […]

YouTube Sued by Ripple due to Cryprocurrency Fraud

Alphabet Inc. (GOOGL) owned video streaming YouTube has been sued by Cryptocurrency Company Ripple citing the video viewing platform has failed to protect innocent clients from cryptocurrency frauds. Among ways in which these frauds are committed include using fake YouTube accounts to dupe unsuspecting victims into sending money with promises of false giveaways. According to […]

IMF Needs to Step Out of Comfort Zone Says Managing Director

The Managing director of International Monetary Fund (IMF), Kristalina Georgieva, has expressed her views that the organization needs to step out of its comfort zone going out of its way so as to help in cushioning global economic plunge caused by coronavirus pandemic. According to a published post in the company’s website, Geirgieva says in […]