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The U.S. FDA (Food and Drug Administration) has reportedly approved Merck's antiviral oral medicine for the treatment of COVID-19 among high-risk adult patients. The move comes immediately after the FDA gave a nod ...
Read More >>Rumors have it that Apple is working on developing advanced chips for its AR/VR headsets Andrea Schubert was Meta’s Public Relations and Comm...
Read More >>Military equipment exports from the United States to foreign countries have reportedly dropped by 21% to USD 138 billion in 2021. This significant decline comes after the Biden pres...
Read More >>U.S.-based hospitality major Radisson Hotels has reportedly joined forces with charging network startup Sunfuel Electric to offer EV charging stations across its properties in India. ...
Read More >>The State of California has sued Walmart Inc. for allegedly dumping hazardous garbage in local landfills, including toxic cleaning supplies, insecticides, and batteries. Attorney General Rob Bonta has filed a charge ag...
Read More >>Merger and acquisition (M&A) activities across the globe account for USD 5.63 trillion as of 2021, a 15-year record of 63% and outpacing the USD 4.42 trillion benchmark set back in 2007, according to a Dealogic rep...
Read More >>With rising cases of the Omicron variant, the Netherlands imposed lockdown, with the possibility of more COVID-19 restrictions ahead of the Christmas and New Year vacations looming over several European countries. ...
Read More >>Sportswear giant Adidas is reportedly planning to initiate a share repurchase of around USD 4.54 billion by the end of 2025 and pay back the majority of cash proceeds from the sale of its U.S. subsidiary Reebok in Q1 2...
Read More >>The investment plan is likely to produce around 9,000 jobs in the country. Intel intends to expand its production capacity amidst the worldwide sh...
Read More >>Google has reportedly asked its employees to upload proof of vaccination by January 13th and those who fail to under vaccination compliance could eventually face layoffs. The multinational tech giant had kept the deadl...
Read More >>U.S. investment giant JPMorgan's British retail banking counterpart, Chase, is reportedly looking to hire recruit hundreds of staff in the upcoming year to take its employee count to 1,000. This move will facilitat...
Read More >>OPEC has reportedly raised its forecast figures for world oil demand for the first quarter of 2022 but has kept its yearly growth prediction steady, stating that the COVID-19 Omicron variant would only mildly impact ma...
Read More >>Italy’s competition authority, Autorità Garante della Concorrenza e del Mercato (AGCM), recently fined Amazon about USD 1.3 billion for allegedly exploiting its dominant position by pressuring third-party ...
Read More >>Israeli researchers have reported that three shots of the Pfizer/BioNTech coronavirus vaccine provide considerable protection against the new Omicron variant. The research was condu...
Read More >>Courtyard by Marriott Hotels has long maintained its status of being the second-largest revenue-generating brand without making any major changes over the years. However, the 40-yea...
Read More >>Automobili Lamborghini S.p.A. is reportedly planning to release its first-ever electric vehicle by 2027. This comes amidst the growing talks that the fate of the conventional supercars could be in the balance and would...
Read More >>The EU antitrust regulator to look deeper into the Microsoft-Nuance deal to determine its impact on customers and competitors. The deal is expected to close by the end of t...
Read More >>EV leader Tesla has reportedly started rolling out Full Self Driving (FSD) Beta software update – version 10.6 – for vehicles in its early access program. The US-based c...
Read More >>The securities regulator in China has claimed that Beijing's recent policy changes do not intend to target specific sectors or companies and are not necessarily linked to firms planning for overseas listings. ...
Read More >>In 2020, Swiggy’s grocery delivery service was operational in only two Indian cities back and now has expanded up to 18 cities. The startup i...
Read More >>According to a report from the International Energy Agency (IEA), renewable energy is on course to break a global record in 2021 despite inflating commodity prices which are likely to slow down the clean energy transit...
Read More >>According to a report provided by KPMG, more than 50% of the total vehicle sales will be controlled by the EV segment by 2030. Electric vehicles are rapidly gaining a large share in...
Read More >>Chief Executives of Vodafone, Deutsche Telekom, and 11 other prominent European telecom companies have stated that U.S. tech giants should pay a part of the costs of building Europe’s telecom infrastructure as th...
Read More >>New COVID-19 variant Omnicron, which was initially found in South Africa, has now been detected in 15 more countries such as Denmark, the Netherlands, Switzerland, and Australia. These nations have also reverted to tra...
Read More >>Leading oil exporter Saudi Aramco and Indian multinational conglomerate firm Reliance Industries Ltd. (RIL) reportedly called off a proposed USD 15 billion deal due to valuation concerns of Reliance's oil-to-chemic...
Read More >>Consumer spending in the United States rose more than predicted in October with continuous purchasing of automobiles and various other products, with no indications of slowing down due to high inflation, further suppor...
Read More >>Oil prices were steady at around USD 80 per barrel after the United States announced to have released 50 million oil barrels from its reserves to ease the post-COVID-19 situation. The development echoes similar moves b...
Read More >>Several owners took to social media to vent out as they were unable to utilize their vehicles due to the app outage. CEO Elon Musk has ...
Read More >>The philanthropic organization of Australian billionaire Andrew Forrest, called the Minderoo Foundation, will assist over 18 small news publishers while negotiating with tech giants Facebook and Google to acquire licen...
Read More >>Johnson & Johnson to focus on pharma division after the split into drug and consumer companies. The company is working on 14 new drugs, all of ...
Read More >>European Union lawmakers have reportedly settled on new terms for targeting Big Tech companies, an effort to reduce anti-competitive practices in the digital world. According to sou...
Read More >>Home improvement retailer Home Depot Inc. has recorded a 4% rise in its quarterly sales, beating analysts’ estimations by around USD 2 billion. This is driven by the increase in home improvement expenditure...
Read More >>Ferrari Formula 1 team has reportedly entered into an agreement with Raizen SA and Shell Plc to purchase second-generation, high-performance ethanol from next year, when the main motorsport category will start using 10...
Read More >>Amazon Web Services and International Business Machines (IBM) Corporation are reportedly planning to team up to manage the disparate types of data generated by oil companies by providing easy accessibility to a set of ...
Read More >>China's coal output in October reached its highest level since at least March 2015, after Beijing’s approval of coal mine expansions to reduce exorbitant prices and improve supply. ...
Read More >>The government of South Korea has reportedly announced that it has cut fuel prices by 20% for six months until April end next year. The tax-cut comes under a bid to ease the impact of skyrocketing oil prices on the nation’s inflation and its...
Read More >>Electric pick-up truck manufacturing company Lordstown Motors has reportedly sold its 6.2 million sq. ft Lordstown, Ohio factory to Foxconn, the Taiwanese hardware manufacturer best known for producing Apple's iPho...
Read More >>The United States is likely to witness a surge in the number of inbound travelers and arrivals, as a majority of the globe’s population would be allowed to enter the country for the first time since March 2020, a...
Read More >>The collaboration will also help in introducing customers to the latest AI-oriented inspection modules. CamCom had conducted a pilot project the p...
Read More >>Japanese entertainment firm Sega Sammy Holdings recently announced plans to explore a strategic partnership with Microsoft Corporation for producing big-budget games using the cloud gaming technology of the Xbox maker,...
Read More >>Cognizant’s attrition rate is significantly higher than its Indian competitors TCS (11.9%) and Infosys (20.1%). The IT behemoth has also leve...
Read More >>Social media platform Facebook is once again under scrutiny in India, after documents made public by whistleblower Frances Haugen showed alleged discrepancies in algorithmic recommendations. The Government of India beg...
Read More >>Maruti Suzuki has dominated the small passenger vehicle segment in India for several decades. However, the country has slowly been moving towards electric mobility, with many companies introducing their EVs in the nasc...
Read More >>Tesla has reportedly surpassed USD 1 trillion in valuation after rental car giant Hertz Corporation issued an order for 100,000 EVs as a part of its plan to electrify its entire fleet. This is considered to be the sing...
Read More >>Honda Motorcycle and Scooter India Private Limited (HMSI) is reportedly planning to launch its first electric vehicle in India in the upcoming fiscal year. The decision to foray into the EV segment will be finalized fo...
Read More >>Audio streaming giant Spotify has announced the launch of its video podcast feature, which will be provided by its self-publishing podcast division, Anchor. According to sources, th...
Read More >>This news comes amid rising incidences of battery fires and breaks failures. China will require automakers to have a 24-hour emerg...
Read More >>The Competition and Markets Authority of the U.K. has revealed plans to launch a probe targeting the country’s music streaming market to ascertain if it is sufficiently consumer-centric and competitive. ...
Read More >>India’s vaccination efforts have reportedly slowed down despite stockpiling vaccines as authorities are maintaining a more than usual gap between two shots. This is a part of the strategy to boost vaccine coverag...
Read More >>The McPlant patty is developed in collaboration with Beyond Meat Inc. It will be prepared using vegetarian ingredients like peas, potatoes, and ric...
Read More >>Scientists from the U.S. Food and Drug Administration (FDA) claimed that Moderna did not meet all the requirements to support the use of COVID-19 booster shots. This is because the first two shots already showed a stro...
Read More >>GM will recover almost all the costs from the recall of its Bolt EV models. Despite the EV battery manufacturing mishap from LG, the two companies ...
Read More >>With major companies considering ways to reduce carbon emissions from corporate travel, airlines are preparing for a setback in business-class travel, which is an important revenue driver according to industry experts ...
Read More >>According to reliable sources, Canada’s overworked healthcare sector is now bracing for upcoming staff shortages and potential layoffs, as the country accelerates its vaccination drive before the deadline. The de...
Read More >>Automaker giant Tesla Inc. is reportedly planning to shift its headquarters from Palo Alto, California to Austin, Texas where it is currently building a car and battery complex. Con...
Read More >>The price rise is mainly due to high product demand coupled with distribution challenges. The escalating demands are backed by the lifting of COVID...
Read More >>The U.S. Transportation Department furloughed 3,700 employees after Congress allowed a federal highway fund authorization to lapse. Congress recently avoided a partial shutdown of t...
Read More >>California-based Mirum Pharmaceuticals Inc. has reportedly announced that its drug, Livmarli (Maralixibat) has become the first U.S. FDA approved therapy for treating itching (cholestatic pruritus) in patients sufferin...
Read More >>The Singapore-based logistic startup Ninja Van has reportedly secured USD 578 million in a Series E funding round. The fresh funds will allow the company to support the growth of its technology system as well as operat...
Read More >>According to a study conducted by Alixpartners, worldwide automakers could lose around USD 210 billion in revenue in 2021 alone owing to supply chain troubles, which is nearly double the forecast made earlier this year...
Read More >>Chicago-based United Airlines Inc. is facing an allegation of unlawfully denying religious and medical exemptions to employees from the COVID-19 vaccination mandate after making it difficult for workers to apply for th...
Read More >>Prominent German automakers including Audi and BMW are reportedly developing hydrogen fuel-cell passenger vehicle prototypes in addition to battery cars to achieve the goal of shifting to green fuel alternatives. ...
Read More >>Global vehicle output is likely to be 75.8 million and 82.6 million vehicles in 2021 and 2022 respectively. The global automobile market is project...
Read More >>A government-backed agency known as the CAERI (China Automotive Engineering Research Institute Co. Ltd.) has reportedly developed a mechanism to track data that has been transmitted abroad using in-vehicle communicatio...
Read More >>In the early days of the COVID-19 pandemic, life insurers had imposed waiting periods for specific age groups and those infected, claiming that the long-term health repercussions of coronavirus infection were unknown....
Read More >>Like many airlines that have suffered sizeable losses during the Coronavirus pandemic, German airline Deutsche Lufthansa AG has been encountering tough times. The airliner has now devised a new way to combat the situat...
Read More >>The startup ecosystem in India has witnessed a boom in the recent decade and is likely to expand further over the coming years. According to a report by Nasscom-PGA Labs, the startups in the country have reportedly acc...
Read More >>After witnessing a contraction in the previous quarter, Japan's economy saw a 0.3% rise during the three months ended June, recording a higher-than-expected growth amidst the surge in coronavirus infections and imp...
Read More >>United Airlines has reportedly started rerouting its India flights to steer clear of the Afghan airspace after the Taliban took control of the capital city Kabul, taking over the entire country. ...
Read More >>Volkswagen AG, the second-largest carmaker in the world, is calling for a reduction of import duties on electric vehicles in India to propel the demand for clean vehicles, resonating with Tesla’s recent pitch whi...
Read More >>Norwegian Cruise Line Holdings Ltd. has recently announced that it received a favorable ruling from Judge Williams, granting a preliminary injunction for the company to require proof of its guests’ vaccination st...
Read More >>Amazon had previously asked its U.S.-based employees to resume working on-site from September 6, 2021. This news comes amid rising COVID-19 infecti...
Read More >>InstaCarro, a São Paulo-based digital automotive marketplace, has reportedly raised USD 23 million in a Series B funding round led by U.S.-based investment firms such as Rise Capital, FJ Labs, and J Ventures....
Read More >>Ride-hailing companies have been gaining global impetus lately for their flexible availability and tenable mobility. Chinese vehicle for hire company Didi Global Inc., listed in the U.S., has rebuffed a report that it ...
Read More >>Bentley Motors reportedly set its highest six-month earnings record this year, surpassing any profit figure by the business for a full-year period in its 102-year operating history. In the first half of 2021, the compa...
Read More >>Sony has reportedly managed to sell around 10 million Play Station 5 consoles in 249 days after its launch in November 2020. The company had sold approximately 7.8 million PS5 units as of April 2021. ...
Read More >>The Spark fellowship program is for women entrepreneurs in India and Southeast Asia. The year-long program is aimed at bringing more gender diversi...
Read More >>According to a study conducted by Independent Commodity Intelligence Services (ICIS), China's growth in oil imports is expected to plummet to the lowest level in two decades during 2021, even with an estimated surg...
Read More >>After RAD Game Tools and Quixel Megascans, American video game and software development company Epic Games Inc. has now acquired Sketchfab, the platform that boasts of over 4 million 3D models where artists can publish...
Read More >>U.S. President Joe Biden will reportedly nominate Jonathan Kanter, a competition lawyer, and fervid Google critic, to head the antitrust division of the Justice Department. Kanter h...
Read More >>U.K. Prime Minister Boris Johnson’s ‘Freedom Day’ has reportedly been ruined by forced self-isolation, rising COVID-19 infections, and warnings of shortages in supermarkets. ...
Read More >>The move comes amidst trade disputes with Northern Ireland. The CEOs of three British supermarkets are seeking discussions with the EU and the U.K....
Read More >>Tech behemoth Intel Corp. is currently in talks to acquire GlobalFoundries Inc., a renowned chipmaker for USD 30 billion as part of its efforts to expand U.S. chip manufacturing capacities. ...
Read More >>This makes Panda Express the first Asian restaurant chain to feature Beyond Meat products. The new offering will be available at select locations i...
Read More >>Popular microblogging site Twitter has released its first India Transparency Report as well as a Resident Grievance Officer, Vinay Prakash to comply with the country’s new IT rules. The announcement comes after t...
Read More >>British-American spaceflight company, Virgin Galactic Holdings, Inc. has announced that its suborbital spaceplane, VSS Unity has successfully made it to space, completing the organization’s fourth rocket-powered ...
Read More >>Pfizer Inc. plans to gain approval from U.S. regulators for a booster dose of its Covid-19 vaccine by next month considering the high risk of reinfection after six months of vaccination and increasing spread of the Del...
Read More >>Australia's New South Wales (NSW) state leader has recently announced the extension of Sydney's COVID-19 lockdown by a week. The move comes with a warning proclaiming that new cases of the highly infectious Del...
Read More >>Pine Labs has finally managed to reach a valuation of USD 3.5 billion before its IPO plans in the United States. The Indian fintech giant has raised USD 315 million from investors Fidelity Management, Blackrock, Neuber...
Read More >>Alternative asset management company, Apollo Global Management, Inc. has announced that certain funds managed by its affiliates have recently entered into agreements to buy a majority stake in RDM Group (Reno De Medici...
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