Business

Amazon says exports from India-based sellers cross $2 billion

Amazon.com Inc’s (AMZN.O) total exports from small and medium sellers in India, part of a company programme to export products to global markets, have crossed the $2 billion mark, two company executives said on Monday. Amazon’s “Global Selling” programme was launched in India, a key growth market for the company, in 2015. The programme, also […]

Business

TikTok under scrutiny in Australia over security, data concerns

Australia is scrutinising the popular Chinese-owned social media TikTok platform for any risks it may pose to users from around potential foreign interference and data privacy issues, government sources said. Owned by Bytedance, TikTok opened an office in Australia in recent weeks. Offices of both the Home Affairs and Attorney-General are discussing TikTok’s operations, the […]

Business

Surging demand for medical equipment puts Philips on course for second-half recovery

Electrical equipment maker Philips said a recent surge in orders for scanners and other medical equipment should enable group sales and margins to rebound over the next six months from a slump in the second quarter. The Dutch company, which makes products ranging from electrical toothbrushes to high-end hospital equipment, said its core earnings fell […]

Business

Philips CEO sees strong recovery in consumer demand in Europe

Dutch health technology company Philips has seen a strong rebound in consumer demand in Europe during the second quarter as lockdowns were relaxed, Chief Executive Frans van Houten said on Monday. “In Europe we have seen a strong recovery of consumer demand. Perhaps even a even a bit better than we had anticipated. So that […]

Business

Fund managers navigate ‘Night of the Living Dead’ in small caps

Investors are searching for bargains in the world of U.S. small-caps, as the beaten-down asset class prepares for what may be the worst earnings season in its history amid a resurgent coronavirus pandemic. Small-cap companies are expected to post a year-over-year earnings declines of approximately 90% as companies report their second-quarter results over the next […]

Business

Ford to work with Intel’s Mobileye for better collision avoidance technology

Ford Motor Co (F.N) will work with Intel Corp’s (INTC.O) autonomous driving unit, Mobileye, to develop an improved collision avoidance system for its vehicles, the No.2 U.S. carmaker said on Monday. Ford said the collaboration with Mobileye will be to develop improved camera-based collision warning, detection of vehicles and pedestrians and lane-keeping features for its […]

Business

Aerospace leaders say collaboration, government support help mitigate pandemic

Deeper industry collaboration and government support will help Europe’s aerospace companies ride out the coronavirus pandemic, sector leaders said on Monday, as they juggle lower revenues with the need to invest in cleaner air travel for the future. Europe’s biggest aerospace and defence companies Airbus (AIR.PA), BAE Systems (BAES.L) and Leonardo (LDOF.MI) had expected to […]