Category: Business

Nissan to set out survival plan after expected annual loss

Nissan Motor Co (7201.T) will unveil its plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits which are set to culminate in its first annual operating loss in 11 years. The Japanese carmaker’s second recovery plan in less than a year will outline […]

U.S. senators weigh additional sanctions on Russia’s Nord Stream 2

Two U.S. senators are considering drafting further sanctions on Russia’s Nord Stream 2 natural gas pipeline if Moscow goes ahead and finishes laying pipes, in another blow to a project which has already faced delays. U.S. sanctions legislation originally sponsored by Senators Ted Cruz, a Republican, and Jeanne Shaheen, a Democrat, in December halted work […]

India’s GDP Growth Likely be at 3.6% in January-March Quarter: Care Ratings

The country’s GDP growth is likely to be at 3.6 per cent in January-March 2020 as economic activity came to a complete halt due to the countrywide lockdown imposed to contain the coronavirus outbreak, says a report. The government will release the fourth quarter GDP data on Friday. “We expect GDP growth in Q4 to […]

Micron raises third-quarter revenue forecast

Micron Technology Inc (MU.O) raised its revenue forecast for the third quarter on Wednesday to a range of $5.2 billion to $5.4 billion from $4.6 billion to $5.2 billion, sending its shares about 3% higher. The memory chipmaker said in a regulatory filing that it expected adjusted earnings between 75 cents per share and 80 […]

Facebook’s Zuckerberg says government censoring social media not the ‘right reflex’

Facebook Inc’s Chief Executive Officer Mark Zuckerberg, commenting on U.S. President Donald Trump’s threats against social media companies, said on Wednesday censoring a platform would not be the “right reflex” for a government worried about censorship. “I’ll have to understand what they actually would intend to do, but in general I think a government choosing […]

Where do Trump and Biden stand on tech policy issues?

U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, a day after Twitter Inc for the first time added a fact-checking label to some of his tweets about mail-in ballots. The regulation of big technology companies including Facebook Inc and Alphabet Inc’s Google has been a hot button issue […]

Germany’s Bosch to begin restarting operations in Mexico

German automotive supplier Bosch on Monday said it has received government approval in Mexico to restart operations, which had been suspended since late March due to measures taken to curb the spread of the novel coronavirus. Government officials in mid-May said auto-related firms would be able to exit mandatory coronavirus lockdown before June 1 provided […]