Business News
Maruti slowly restarts car production, profit down
Maruti Suzuki, India's top-selling car manufacturer, has started resuming production after the company reported less profit from the fourth quarter, dragged down by weak demand, prior to the country's lock-down.
Due to pandemic, clean energy has shed nearly 600,000 US jobs
A report released on Wednesday indicates that the U.S. clean energy sector is losing 17% of its workforce, or nearly 600,000 jobs, as residence orders halt the production of solar-panel components, electric cars and slow installations in homes and businesses.
Takeda Pharma expects surprise profits to triple this year's revenue
Takeda Pharmaceutical Co has booked a surprise operating profit and predicts that revenues will triple this year since heavy acquisition cost of the $59 billion Shire take-over of last year will decrease.
tyre-maker Pirelli said operating profit fell by 36 percent due to virus
On Wednesday, the Italian tyre-maker Pirelli said that his operating profit fell by 36 percent in the first quarter of the year, as the COVID-19 emergency and consequent locking measures had hit the global industry hard.
Tesla's Musk says that he is ready to be arrest as he reopened the plant in California against local order
On Monday, Tesla Inc Chief Executive Elon Musk said production was resuming at the sole U.S. vehicle factory of the automaker in California, challenging an order to remain closed and saying that if anyone had to be arrested, he should be him.