REUTERS: Britain's decision to ban China's Huawei Technologies from next-generation 5G telecom networks is the latest blow to the global leader in telecom equipment and could help lay the groundwork for broader changes in the industry. Ericsson of Sweden and Nokia of Norway are currently the only ...
American Airlines and JetBlue Airways said on Thursday they had agreed a strategic partnership to boost flying options in New York and Boston and create what executives called a "growth engine" to recover from the coronavirus pandemic.
EU competition regulators are seeking information from 400 companies to establish if there are problems in the market for voice assistants such as Alexa and Siri and other internet-connected devices that could lead to antitrust cases.
Johnson & Johnson reported a 35.3per cent fall in second-quarter profit on Thursday as demand for its medical devices was hammered by hospitals putting off non-urgent procedures such as knee and hip replacement due to the COVID-19 pandemic.
Shares of Twitter Inc dropped more than 4per cent in pre-market trading on Thursday, a day after hackers gained access to the social media company's internal systems to hijack accounts of several politicians, billionaires, celebrities and companies.
Nissan Motor Co is planning a 30per cent year-on-year cut in global vehicle production through December as falling demand due to the COVID-19 pandemic complicates its turnaround efforts, two sources with knowledge of the matter told Reuters.
Amazon.com Inc's India unit has told sellers they must provide country of origin information on product listings by August 10, according to an email sent by the e-commerce giant to sellers, against a backdrop of brewing anti-China sentiment.
Morgan Stanley posted a 45per cent rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.
Bank of America Corp reported a drop of more than 50per cent in second-quarter profit on Thursday as it set aside US$4 billion for potential loan losses tied to the coronavirus pandemic.
Allowing millions of Brazilian users of Facebook's WhatsApp to send money as easily as texts seemed a golden opportunity for the world's largest social media company.
