business in the world

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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Google parent company now worth $1 trillion

Google’s parent company Alphabet is now the fourth U.S. company to hit a market cap of $1 trillion. Apple was the first US company to hit a $1 trillion cap in 2018, followed later that year by Amazon (which has since dropped below …

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Burger King offers Prince Harry part-time job

Burger King jokingly offered Prince Harry a job offer, just days after the British royal and his wife Meghan announced that they intended to "step back as 'senior' members of the Royal Family." "@ harry, this …

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Global economy continues to cool

The world economic climate deteriorated to the lowest level of 2009. According to the survey conducted among 1230 experts from 117 countries by the Munich-based Ifo Institute for Economic Research, the world economic climate has …

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Saudi Aramco receives record demand for debut bond

Saudi Aramco received more than $100 billion in orders for its maiden global bond. The bond sale is set to be the largest-ever in emerging markets and one of just a handful of times that a company anywhere in the world received more …

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Saudi Aramco named world's most profitable company

Saudi Aramco was the world's most profitable company in 2018 with net income of $111.1 billion, easily outstripping U.S. behemoths including Apple Inc. and Exxon Mobil Corp, Bloomberg reported with reference to Moody's Investors …

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