International Companies
Zoom admits it does not have 300m daily users
Zoom confirmed on Thursday that it does not have 300m daily active users and said it had previously “unintentionally” referred to daily meeting participants.
China's manufacturing sector shows surprise fall as exports collapse
China’s manufacturing sector eased in April, according to a widely-watched survey, as the Covid-19 pandemic caused global demand to slump.
Airlines could take five years to recover from Covid-19 crisis
Planemaker Airbus warned on Wednesday that the recovery in the aviation industry from the coronavirus crisis may take up to 5 years time as airlines turn to layoffs and pay reductions as they fight for survival.
C&C furloughs staff, pulls dividend
C&C Group has temporarily laid off most of its workforce, cut salaries and pulled its final dividend, as the drinks manufacturer and distributor looks to weather the Covid-19 pandemic.
Top US expert hails 'quite good news' on Gilead Sciences's Remdesivir
Gilead Sciences might be onto something with its antiviral treatment for Covid-19, Remdesivir, the US government's top infectious-disease specialist said.
BioNtech and Pfizer finish dosing first group of subjects in clinical trial
BioNTech and Pfizer finished dosing the first group of subjects for their Phase 1/2 clinical trial for the BNT162 vaccine against Covid-19 and will help China's Fosun Pharma to do the same.
Gilead Sciences shares halted after 'positive data' from clinical trial
Shares of US biotechnology outfit Gilead Sciences were halted after the company notified markets that "positive data" were emerging from a clinical trial being conducted by the US government's National Institute of Allergy and Infectious Diseases for the use of its Remdesivir treatment against the Covid-19 coronavirus.
Huawei overtakes Qualcomm as China's top player in chips
Huawei’s HiSilicon chip unit overtook Qualcomm as the biggest seller of semiconductors in the first quarter of 2020 for the first time ever.
Whatsapp alleges NSO Group 'deeply involved' in data hacks on users
Facebook owned messaging app Whatsapp alleged in new court filings that Israeli spyware firm NSO Group used US-based servers and was “deeply involved” in hacking the mobile phones of 1,400 Whatsapp users.
Coronavirus 99%-accurate antibody test approved for use in Europe
A new coronavirus antibody test that has proven to be 99% accurate has been certified for distribution across Europe.
Alphabet ad sales steady in April
Tech giant Alphabet said on Tuesday evening that Google advertising sales had steadied throughout April as a result of searches for Covid-19 information and online shopping.
TripAdvisor to cut around 25% of its staff
In a blog post, TripAdvisor CEO and co-founder Stephen Kaufer announced that the company would be reducing its workforce due to the harsh impact the coronavirus crisis has had on the travel industry.
Deutsche Bank swings to net loss as bad debts surge
Deutsche Bank's reported a net loss of €43m as Germany's biggest lender more than tripled its bad debt charge after the Covid-19 emergency hit its business.
Ford set to reopen European factories
Carmaker Ford said Tuesday that it expects to reopen its European plants starting Monday with safety measures in place to prevent the coronavirus spread.
UPS pulls full-year guidance amid Covid-19 uncertainty
UPS pulled its full-year guidance on Tuesday, after first-quarter income was dented by the Covid-19 pandemic and the introduction of lockdown measures.
Caterpillar Q1 sales drop, provides no FY guidance
Machinery giant Caterpillar posted a 21% drop in sales during the first quarter as the Covid-19 outbreak hurt demand in both the construction and mining sectors.
Pfizer beats forecasts despite revenue slide
Pfizer posted forecast-beating first-quarter results on Tuesday, as it reiterated its guidance for the full year.
3M sales rise as respirator demand surges in crisis
3M's first quarter sales rose as demand for the US conglomerate's respirators and health products surged during the Covid-19 crisis.
EU resumes audits into Big Tech after Covid-19 halt
The European Union is once again seeking more power to audit how tech companies harvest and use European consumers’ data and readies to launch a consultation on its digital platform regulations.
Jardine Matheson warns on profit as Covid-19 hits trading
Jardine Matheson warned first-half profit would fall significantly after the Covid-19 crisis affected many of the conglomerate's businesses in the first quarter.