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International Companies
31 Jul
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Facebook smashes quarterly revenue forecasts

Social media giant Facebook smashed quarterly revenue estimates overnight and forecast similar growth to come despite multiple corporations boycotting the internet giant and the impact of the Covid-19 pandemic.

31 Jul
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Amazon gets FCC approval for $10bn internet satellite constellation launch

Amazon received approval from the US Federal Communications Commission to launch and operate a planned constellation of 3,236 internet satellites in which it has invested $10bn.

31 Jul
Washington to support GSK and Sanofi Covid-19 vaccine with $2.1bn

GlaxoSmithKline and Sanofi have inked an agreement with the US government to speed up development and manufacturing of their Covid-19 vaccine candidate at scale.

31 Jul
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Hackers linked to Beijing targeted Covid-19 vaccine firm Moderna

Hackers linked to the Chinese governmenT targeted US biotech company Moderna which is currently focusing on developing a Covid-19 vaccine, with the aim of stealing valuable data.

31 Jul
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Roman Abramovich sells stake in Highland Gold

A group of investors in Highland Gold, including Russian billionaire Roman Abramovich, announced on Friday the sale of a roughly 40% stake in the company's share capital to Fortiana Holdings at a valuation of approximately $1. 1bn.

31 Jul
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Amazon blows past Q2 forecasts, raises guidance

Amazon blew past forecasts for second quarter trading - not least its own - as the Covid-19 pandemic drove people around the world in streams onto its digital retail services platform.

31 Jul
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Facebook claims new Apple iOS could hurt ad targeting

Facebook Chief Financial Officer David Wehner said on Thursday that the Apple iOS 14 system could hurt the way the social media network targets ads to users.