Category: Business

Richard Branson’s Virgin Orbit postponed its first space launch Sunday due to a technical problem. The company said one sensor was “acting up” and fuel was being offloaded from the…

Mark Zuckerberg says he expects about half of Facebook Inc.’s employees to work from home five to 10 years from now, but there’s a catch for those expecting to take…

Jaguar Land Rover (TAMO.NS) is in talks with the British government about a request for temporary state funding of more than 1 billion pounds ($1.22 billion), Sky News said on…

Alibaba Group Holding Ltd. said that volume on its China retail marketplaces was back to growing at near pre-pandemic rates, but its shares dropped about 4% in Friday morning trading…

The United Kingdom has drawn up plans to require employers to cover 20% to 30% of furloughed employees’ wages from August to reduce the vast burden of the coronavirus crisis…

Shares of Hertz Global Holdings Inc. HTZ, -7.49% fell more than 30% in the extended session Friday after The Wall Street Journal reported the car-rental company’s bankruptcy could come as…

The more than a century old car rental firm Hertz Global Holdings Inc (HTZ.N) filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and…

Shares of E.l.f. Beauty surged more than 5% in extended trading Thursday after the cosmetics company said sales rose 13% in the fourth quarter, helped by the strength of its…

As people stayed indoors and brick-and-mortar stores remained shut during the health crisis, online orders surged, with the company’s core commerce business rising nearly 19% to 93.87 billion yuan ($13.16…

Facebook founder Mark Zuckerberg has told the BBC that it had and would remove any content likely to result in “immediate and imminent harm” to users. “Even if something isn’t…

Internet giant Amazon is entering the meal delivery business with a trial in four parts of India’s Bengaluru. The move comes as pandemic lockdowns prompt a surge in online ordering…

EasyJet has said it will resume some flights on 15 June, with all passengers and cabin crew told to wear face masks to protect against the coronavirus. The airline announced…

Netflix has started to terminate accounts that people haven’t used the service for a year or more. The company announced that it is notifying customers who haven’t watched anything for…

Goldman Sachs expects global music revenues to tumble by up to 25% in 2020, largely due to widespread disruption across all sectors of the industry due to the coronavirus crisis.…

US-Nigerian fintech company Flutterwave has created an e-commerce platform for African companies, becoming the latest start-up to see opportunities in the lockdowns that have been imposed as a result of…

DUBAI, United Arab Emirates — A staggering 70% of businesses in Dubai expect to close their doors within the next six months as the coronavirus pandemic and global lockdowns ravage…

Macy’s Inc (M.N) said on Thursday it could rack up operating losses of up to $1.11 billion in the first quarter, as the department store operator was forced to shut…

Lufthansa said on Thursday a deal would involve the government taking two seats on its supervisory board, but it would only exercise its full voting rights in exceptional circumstances, such…

Coca-Cola CEO James Quincey delivered a grim forecast for the global economy’s recovery from the impact of the coronavirus pandemic on Wednesday. “The economic impact of the lockdown is just…

Sir Richard Branson’s Virgin Orbit is set to conduct its first orbital rocket launch as early as Saturday, in the final test of its Boeing 747 aircraft-based system. Virgin Orbit’s…

Shares of Facebook reached an all-time high of $230.75 on Wednesday, soaring as much as 6.4%, with Wall Street being bullish on the company’s focus on e-commerce. The social media…

A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO Elon Musk from using his personal Twitter account to disseminate…

One in three of the small businesses that have shut down since the coronavirus pandemic hit don’t expect to ever reopen again. That’s according to a new survey that Facebook…

A surge in Target Corp’s (TGT.N) online sales due to panic buying during the coronavirus crisis helped the big-box retailer post better-than-expected quarterly results on Wednesday, even as it grappled…

Google has pledged to stop building customized artificial intelligence (AI) tools that help oil and gas firms to extract fossil fuels worldwide. The pledge came after a Greenpeace report on…

Apparel retailer Urban Outfitters Inc (URBN.O) on Tuesday projected a 60% decline in same-store sales in the second quarter due to tepid demand recovery from the COVID-19 pandemic disruptions, sending…

EasyJet announced on Tuesday that it has suffered a major cyber attack from a “highly sophisticated” source. The budget European airline, which has seen its fleet grounded by the coronavirus,…

Johnson & Johnson said Tuesday that it is discontinuing its talc-based baby powder in the United States and Canada as demand fell in light of mounting lawsuits that said it…

Kohl’s Corp (KSS.N) said the coronavirus crisis would have a material impact on results this year as it removed eight brands including Jennifer Lopez, Juicy Couture and Popsugar from its…

Lufthansa is bracing for hundreds of aircraft to remain grounded due to the coronavirus pandemic well into 2022 and that further job cuts at its maintenance and catering businesses were…