COVID-19 corrodes BMW's coffers; luxury carmaker's losses nearly $800m : Bulletin: Business Today
Business Today
Loading...
 

COVID-19 corrodes BMW's coffers; luxury carmaker's losses nearly $800m

Loading the player...

BusinessToday.In | August 7, 2020

Microsoft aims to buy TikTok's entire global business

Microsoft Corp is chasing a deal to buy all of TikTok's global business. However, a source familiar with the discussions told Reuters that Microsoft had not raised the prospect of buying all of TikTok in its negotiations with ByteDance. Microsoft had said it was seeking to buy the assets of TikTok in North America, Australia and New Zealand.

COVID-19 vaccine: US to pay $1 billion for 100 million doses of J&J's potential candidate

The United States government will pay Johnson & Johnson over $1 billion for 100 million doses of its potential coronavirus vaccine, as it stocks up on vaccine and drugs in an attempt to tame the pandemic. The latest contract is priced at roughly $10 per vaccine dose produced by J&J, or around $14.50 per dose.

Twitter to label state-controlled media, govt officials' accounts

Twitter Inc will label the accounts of state-affiliated media outlets, their senior staff and some key government officials, the company said in a blog post. The accounts of Russia's Sputnik, RT, and China's Xinhua News are among the media organizations that will be labeled.

Climate change could be worse disaster than coronavirus: Bill Gates

Microsoft founder, investor, and philanthropist Bill Gates has warned that while the novel coronavirus (COVID-19) is 'awful,' the climate change crisis could be even worse. Gates, in a blog, said, "As awful as this pandemic is, climate change could be worse."

Donald Trump signs executive orders banning Tiktok, WeChat over security concerns

US President Donald Trump has signed executive orders banning popular Chinese apps like TikTok and WeChat, terming them a threat to the national security and to the country's economy. The ban comes into effect in 45 days, Trump said in his two separate executive orders signed on Thursday. India was the first country to ban TikTok and WeChat, citing national security concerns.

COVID-19 corrodes BMW's coffers; luxury carmaker's losses nearly $800 million

BMW expects to make an operating profit this year despite losing 666 million euros ($787 million) in the second quarter after sales of its luxury cars slumped during coronavirus lockdowns. The German manufacturer of BMWs, Minis and Rolls-Royces, said deliveries had begun to recover, including in China, but the rebound would not be enough to make up for the shortfall in sales lost to the pandemic.

More from this section