Finance

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 […]

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 […]

Neiman Marcus Set to File for Bankruptcy

U.S based chain of luxury department stores Neiman Marcus Group Inc. (NMG) is looking forward to file for bankruptcy this week according to sources with direct information of the matter. When this happens, Neiman Marcus will become the first American department store operator to go down during this tough economic times brought about by the global […]

Facebook and Google Will be Forced to Pay Australia’s Local Media for Content

Australian authorities have threatened to force two U.S based tech giants Alphabet Inc. (GOOGL) and pioneer social media network Facebook Inc. (FB) to pay the domestic media in Australia from ad revenues they generate from using local content. The government treasurer, Josh Frydenberg, said they were left with no other option since a meeting with […]

Verizon Set to Purchase Bluejeans in a Deal Worth $500 Million

U.S based telecommunication company Verizon Communications Inc. (VZ) announced reaching a consensus with BlueJeans Network Inc. to buy the video conferencing company in a deal worth $500 million. In recent times, there has been an increasing demand in video conferencing services, with the coronavirus pandemic situation escalating the demand even further since a lot of […]

Apple Exported 2.5 Million IPhones in China in March

The Chinese government has released data indicating that IPhone maker Apple Inc. (AAPL) shipped in 2.5 million IPhones in China during the just ended month of March. China still remains the World’s second largest economy and the World’s largest market for Smartphones and several consumer electronics. However, demand for smartphones has been on a declining […]

Samsung Set to Post Quarterly Results How Will They be Affected by the Pandemic

Global tech giant for consumer electronics Samsung Electronics Co. (005930) is set to announce its quarterly results for the period ended March 31 however it’s unclear whether the breakout of deadly coronavirus around the World will have impact on this upcoming quarterly reports and if yes by how much. Samsung is the largest memory chipmaker […]

Rosneft Pulls Out of Venezuela Following U.S Sanctions

U.S sanctions against Venezuela seem to be hitting hard and harder on the nation situated on the northern coast of South America. The latest casualty of these sanctions is Russian integrated energy company Rosneft Oil Company (ROSN). The largest Russia based oil company has announce that it will be ceasing operations in Venezuela with immediate […]

U.S Set to Cut Down Chip Supply to Huawei

The antagonism between the United States and Chinese tech giant Huawei Technologies seems to be far from over. It all started when the U.S accused the company of using its infrastructure and services to spy for Beijing. Senior State’s Officials Meeting Anytime soon U.S will be cutting down supply of chips to the company after […]

Global Airlines Urge Governments to Aid Them Overcome Plunge Due to Coronavirus

Coronavirus pandemic is biting so hard and so fast into every economy, various sectors have been deeply affected by this situation since businesses are no longer running as usual. World airlines remain among the top of the businesses greatly affected by outbreak of coronavirus. Almost every nation in the world now has completely shut down […]