The first quarter results for Comcast Corp proved to be a bit of a mixed bag for the American telecom giant, as its profits for the quarter beat analysts’ estimates but its revenues fell short. This is quite a rare occurrence for a company of its size, and although there…
South Korea which is the fourth largest economy in Asia is forecasted to have slow growth in its first quarter as per a poll. The forecast predicted that the first quarter from Jan to March saw the economy growing at 0.3% which is the weakest since the fourth quarter of…
One of the biggest fallouts of the trade war between the United States and China so far has been the banning of Huawei and its telecom equipment by the American government. The US has alleged that Huawei’s telecom equipment is used for spying by the Chinese state and has also…
Over the past few years, Facebook has become one of the most important platforms when it comes to political campaigning by political parties all across the world, and while that has been a lucrative venture for the company, it has also been the source of huge controversies. However, the dissemination…
On Wednesday, Samsung Electronics Co Ltd. unveiled a folding smartphone worth $2000 in an attempt to top the technology offered by its rivals Apple Inc and Chinese tech firms. Samsung hopes to reignite the consumer interest and pull up slumping sales with its latest offering. The Galaxy Fold will take…
Air India Air Transport Service Limited (AIATSL) is the largest ground handling provider in India which functions across 76 airports. Indian Government has invited expression of interest [EOI], for the sale of Air India’s ground handling subsidiary. It has said that the government is going to sell its 100 percent…
Thursday witnessed the largest bank merger since the financial crisis in 2007-2009. Analysts predict more deals like this are likely in the near future. BB&T Corp, a regional lender in the U.S., announced it would buy SunTrust Banks Inc for $28 billion in stock. The banks plan to close the…
Indian telecommunications company Reliance Communications Limited’s shares lost more than 50% of its value in the stock market as the company announced that it was looking for a resolution to its indebtedness through the bankruptcy court. RCOM was one of the biggest and most valuable telecommunication companies in the country,…
The disappointing figures in the fourth quarter earnings have instigated Panasonic Corp to lower its annual profit estimates, and much of it is down to the slowdown in the Chinese economy. The Japanese company has been badly hit due to the trade war between China and the United States as…
The uncertainty about Brexit has taken a big toll on businesses in the United Kingdom and in a fresh development, Japanese carmaker Nissan announced that due to the uncertainty, they have decided against manufacturing the X-Trail model in the UK. It will be manufactured in Japan. Due to the plunging…