Walt Disney’s Head of Corporate Affairs Geoff Morrell Set to Leave the Company

Geoff Morrell, the head of corporate affairs at American entertainment and media company Walt Disney Co. (DIS) revealed that he will  leaving the company through an email he sent to the company’s chief executive officer, Bob Chapek. This move comes three months after Morrell joined Disney from oil and energy company BP Plc. (LON: PB) […]

5G Demand Propels Nokia to Stronger Than Expected Q1 Results

Telecommunications, information technology and consumer electronics company Nokia Corp. (HEL: NOKIA) reported its first quarter results in which it performed stronger than expected thanks to the increasing demand of 5G equipment. The Finland based company has been heavily investing in research while simultaneously cutting operational costs and this has place the company at a better […]

Tencent Music Sued by NetEase’s Cloud Music Unit for Unfair Competition

The Cloud Music Unit of NetEase has filed a lawsuit against Tencent Music Entertainment (TME) accusing it of unfair competition practices and plagiarizing its app design. The Music Unit made the announcement on April 27. NetEase Cloud Music says features on TME’s suite of music streaming apps allowed its users to sidestep copyright protection and […]

AT&T Appoints Jeff McElfresh as the New Chief Operating Officer

American telecommunication company and the largest provider of mobile telephone services AT&T Inc. (T) has appointed Jeff McElfresh as the new chief operating officer at the company. McElfresh has previously served as the head of the company’s business unit. This appointment comes as the company is increasing its efforts to refocus on its connectivity business […]

TSMC Raises $3.5 Billion in Bonds for its U.S Factory

Taiwan based computer chip manufacturer TSMC (TPE: 2330) announced having raised $3.5 billion in bonds for its new factory in the U.S State of Arizona. This development was revealed through a term sheet shared by the company on April 20. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is a major supplier of leading tech company and […]

WH Smith Suspends Orders From its Online Greeting Cards Following Cyber Security Incident

UK based retailer WH Smith Plc. (LON: SMWH) announced having suspended orders from its online greeting cards and gift business Funky Pigeon. This development comes less than a week after the company suffered a cyber-security incident. The company clarified that no customer payment data with Funky Pigeon was compromised due to the unfortunate cyber-security incident […]

Volkswagen China Says Its Factories in Changchun Have Resumed Production

Car manufacturer Volkswagen Group China says that its plants in the northeastern Chinese city of Changchun have gradually resumed production since the city has been slowly easing the measures put in place to reduce the spread of COVID-19. The company which runs through a joint venture with China based auto maker FAW Group made this […]

DaVita and its Ex-CEO Acquitted of U.S Antitrust Charges

Late last week, healthcare company providing kidney dialysis through outpatient dialysis center across the United States DaVita Inc. (DVA) together with its former chief executive officer Kent Thiry, was acquitted by a judge in Denver, Colorado of charges pressed against the company that it conspired with competitors not to employ each other’s employees. In the […]

Mercedes-Benz Aiming to Produce EVs Consuming 10 KWh of Energy per 100 km

German based car manufacturer Mercedes Benz Group AG (DDAIF) is aiming at producing electric vehicles consuming as little as 10 kilowatt hours (KWh) of energy per 62 miles (100 kilometers). This was revealed by the company’s chief technology officer, Markus Schaefer on April 14. This energy consumption rate is third more efficient than the current […]

BMW CEO Expects Chip Shortage to Last Until 2023

Oliver Zipse, the chief executive officer of German based manufacturer of luxury cars and motorcycles BMW AG (ETR: BMW) says that the ongoing global shortage of computer shortage which has significantly affected the auto industry will last until 2023. The CEO made these sentiments during an interview with Neue Zuercher Zeitung (NZZ) which was published […]