business in the world

Russia's Sberbank to reduce presence in Europe

Sberbank plans to reduce presence of its banking business in European countries within 1-2 years, First Deputy CEO of the bank Lev Khasis told TASS in an interview on the sidelines of the St. Petersburg International Economic Forum (SPIEF). …

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Trump may ban Alibaba

US President Donald Trump said on Saturday he could exert pressure on more Chinese companies such as technology giant Alibaba, the owner of the South China Morning Post, after he moved to ban TikTok, South China Morning Post informs. …

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iPhone 12 release date set for October

Apple has confirmed it’s planning to launch its new iPhones a little later this year. "Last year we started selling new iPhones in late September, this year we expect supply to be available a few weeks later," Apple CFO …

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Google to adopt work-from-home until at least July 2021

Google will extend its work-from-home stance until at least July 2021, according to a person familiar with the matter. The company had previously said most employees will be working remotely through the end of 2020, with some …

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Cirque du Soleil files for bankruptcy protection

Canada’s Cirque du Soleil Entertainment Group filed for bankruptcy protection as the COVID-19 pandemic forced the famed circus operator to cancel shows and lay off its artistes. The Montreal-based entertainment company, which …

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Apple plans to launch nine new iPhone models in 2020

Apple may release as many as nine new iPhones in 2020, according to leaked plans. Legal documents filed by the California company suggest the firm is gearing up to release its new smartphone, the iPhone 12. The documents, …

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Apple Store reopens in South Korea tomorrow

An Apple store in Seoul will reopen on April 18, an Apple representative confirmed. It’s the first Apple retail store outside of China to reopen and Apple’s only store in South Korea. The store will have limited …

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Coronavirus halts Hyundai and KIA production

Hyundai and KIA suspended production in its South Korea manufacturing plants due to supply chain problems caused by the coronavirus outbreak in China. The world's fifth-largest automaker Hyundai said that the suspension is a …

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Greta Thunberg files trademark for her name

 Swedish environmental activist Greta Thunberg has applied to trademark her name. She said on Instagram that the move would allow legal action against persons or companies trying to use her name or the …

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IKEA recalls travel mugs due to chemical concerns

Swedish furniture company IKEA has urged customers to stop using Troligtvis travel mug due to fears that the product may exceed the prescribed limits for certain chemicals. In a statement, an Ikea spokesperson urged …

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