Business – Page 3

Europe’s Largest Bank Reports Profit For Quarter Jumped By 31%

Recently, HSBC—which is Europe’s biggest bank—reported its first-quarter proceeds that beat expectations. The bank stated it reported profit prior to tax in the first quarter was around $6.213 Billion, which is a 30.7% jump from the past year’s $4.755 Billion. Forecaster predictions compiled by Refinitiv stated that the bank’s profit before tax was anticipated to…

Adidas Shares Strike Record High Following Profits Beat Anticipations

In recent time, Adidas posted a 17% rise in first-quarter net income, even as sales progress slowed as it impacted from supply chain problems in the North American market it had already signaled, plus a decline in Europe. The first-quarter sales increased by a currency-adjusted 4% to $6.57 Billion (5.883 Billion euros), while imputable net…

GM Might Invest $1 Billion In Its Missouri Factory

State officials recently proclaimed that General Motors (GM) might invest about $1 Billion at its Missouri assembly factory. This is the same factory where the firm carries out its vans and trucks manufacturing. Mike Parson, Governor, Missouri, told the St. Louis Post-Dispatch that GM had sketched out a strategy in a closed-door meeting. This strategy…

Denver Uber Consumers Can Purchase Public Transit Tickets Within The App

Uber users in Denver can now employ the application to buy transit tickets. This converts Denver as the first city all over the globe to receive the included ability, but it will not be the final. It is all fraction of Uber’s objective to make the service a single-stop destination for transportation requirements, from busses,…

Tech Mahindra Rolls Out Blockchain-Based Solution To Stop Spam Calls

Tech Mahindra (the IT major) has declared the usage of a cutting-edge solution using Blockchain tech targeting to alleviate spam calls for telecom industry, which is affecting more than 300 Million mobile users. As per media report released from the company, Tech Mahindra in 2018 developed the Blockchain key, comprising over 25% of the market…

Adobe Aims To Increase The Cost Twice For Its Photoshop And Lightroom Plan

Adobe is experimenting on increasing the cost for its Creative Cloud Photography plan. This will take it to $20 per month from $10 per month, as spotted by media. Earlier, the Photography plan was the most affordable Creative Cloud subscription alternative, providing Lightroom Classic CC, Lightroom CC, 20 GB of cloud storage, and Photoshop CC.…

Lyft Plans Investor Road Show For IPO Of $2bn

Lyft, ride hailing platform has stated that it will soon launch a roadshow to create awareness about its brand and services in view of its upcoming IPO scheduled for 18th March. Lyft will make a strong attempt to attract investors to make its IPO a success as its closest rival Uber Technologies is making its…

Battery Startups Want To Take On Tesla, Raise Millions

Since lithium-ion batteries were created a few decades ago in 1991, they have been part of critical resources for virtually all tech devices from smart watches to phones and now even electric cars. These rechargeable batteries have become the standard for electric power in automobiles and currently 3 million electric and hybrid cars run on…

US-China Trade talks May See End Of Tunnel Within Weeks—Ex-US Trade Rep

Conflicts in trade between the U.S and China have only worsened in recent times. Since they are two of the biggest economies in the world, the ripple effect could be seen in the economy of smaller dependent countries too. However, things seem to have stabilized now with a trade deal on the cards in the…

Musk Writes To His Employees To Assist Vehicle Deliveries

On March 21, 2109, the CEO of Tesla, Elon Musk has made it a point to sent an e-mail to each one of his employees to aid in deliveries in spite of what position they hold in the company. This move by Tesla is not something out of the box since they usually ask for…

Falling Demand Earns Auto Industry A ‘Negative’ Status By Moody’s

Weak demand for vehicles has led to credit rating firm Moody’s cutting down its outlook of the automobile industry from steady to negative. Due to multiple factors like slowdown in the economy, political issues in the country and surprisingly good end to 2018 Moody said in its research report that global auto market is likely…

UK To Get New Accounting Regulator, FRC To Be Scrapped

In view of Brexit that is likely to become a reality by end of this month the UK government has announced that the existing Financial Reporting Council will be replaced with new regulator called Audit Reporting and Governance Authority that will have greater powers and can make changes to accounts directly without applying to court.…

TahoNews

Category: Business