Markets

TikTok Poaches New CEO From Walt Disney

China based video sharing social networking platform TikTok has poached Chief of streaming in mass media and entertainment company Walt Disney Co. (DIS) Kevin Mayer as its new Chief executive officer. TikTok which is owned by China ByteDance Technology Co announced the news further clarifying the incoming CEO will be assuming office in June 1. […]

Ryanair Trims Passenger Traffic Target For the Year

Dublin based airline Ryanair Holdings Plc. (LON: RYA) announced trimming down its passenger traffic target for the year by an additional 20% citing global traveling volume distortion caused by coronavirus pandemic. Ryanair further said it’s deliberating on pulling out of some airports across Europe as effects of the pandemic are hitting the airline industry hard. […]

TSMC Building a Chip Factory in Arizona

Taiwan based and world’s largest contract chip manufacturer Taiwan Semiconductor Manufacturing Co Ltd (2330) has made public its plans to build a chip plant in Arizona, the plant will cost an estimated cost of $12 billion. This move is seen of having been inspired by attempts from U.S government to shift the supply chain of […]

Sony Develops World’s First Image Sensor With Integrated AI

Japan based Sony Corporation (TYO: 6758) has announced having developed first image sensor with an integrated artificial intelligence (AI) processor in the world. Sony claims this image sensor is capable of scanning barcodes, monitor drowsiness of a driver and it can determine size of a crowd. All this will be captured in one chip. “As […]

Twitter Adds Labels on Tweets With Misleading Information on Coronavirus

Social network Twitter Inc. (TWTR) will be introducing labels and warning messages on tweets containing misleading or disputed information concerning coronavirus pandemic. The company made the announcement further adding this new approach will be extended to other topics in due time. In scenarios where the risk of harm is relatively high, the new label on […]

Musk Reopening California Factory Says He’s Ready to be Arrested

Billionaire Chief executive of U.S electric car maker Tesla Inc. (TSLA) Elon Musk announced he will be reopening the company’s factory in California to resume normal production activities. This is the only factory the electric vehicle manufacturer has in the United States. Reopening the factory would mean defying orders from county’s health authorities directing the […]

Shanghai Disneyland Reopens Without Much Pomp

Following a three months closure period after global breakout of deadly coronavirus finally Disneyland lovers in China have a reason to smile since Walt Disney Co. (DIS) reopened doors Shanghai Disneyland to the public once again. Despite that the re-opening was less popped and without much fuss thousands of visitors found their way into Shanghai Disneyland […]

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 […]