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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 >>Audi has launched the RS 5 Sportback in India for USD 10.4 million and is being brought to the country via the CBU route. The face-lifted RS 5 Sportback, which can reach speeds of 100 kmph in 3.9 seconds, runs on a V6 ...
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 >>Amazon recently announced the launch of its ‘Intellectual Property Accelerator program in India to offer access to services from IP experts and law firms to brand owners & sellers. ...
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...
Read More >>American micro blogging and social networking platform, Twitter Inc., has announced that it is testing new methods to contextualize misleading tweets that are not harmful enough to be removed from the platform entirely...
Read More >>The unemployment rate in Germany has reportedly dropped to 5.7% in June as the Western European country records a sharp decrease in Coronavirus infections. The Federal Labor Agency ...
Read More >>Britain’s Cairn Energy plc is reportedly going after the assets of Indian state-owned banks and firms in foreign countries, as it seeks to recover the amount due from the government after an arbitration against A...
Read More >>Envision Group of China is reportedly planning to invest up to USD 2.4 billion (2 billion euros) in a battery plant in northern France to make way for a low-cost electric vehicle range from Renault SA. ...
Read More >>China-based vehicle for hire company, Didi Chuxing Technology Co., is reportedly planning to list 288 million American Depository Shares on the New York Stock Exchange under the ticker symbol ‘DIDI’. ...
Read More >>The Ministry of Consumer Affairs in India is reportedly planning a ban on flash sales conducted on e-commerce platforms and ensuring that affiliate entities are not listed as sellers on such websites, in a proposed tig...
Read More >>Amazon has launched an investigation on its Prime team after the Insider reported some gender inequality allegations. These complaints are primarily about the Prime team’s gender-biased working nature and workpla...
Read More >>The addition of Boral’s portfolio will double Westlake’s building products business and expand its footprint. The transaction is set to...
Read More >>U.S.-based new silicon products pioneer Coretec Group Inc. has reportedly entered into a research partnership with Eindhoven University of Technology (TU/e), which is among the leading 50 universities in engineering an...
Read More >>FedEx Corporation and robotics startup Nuro have reportedly signed a multi-year agreement to develop and test last-mile delivery using autonomous vehicles. The American multinational delivery giant will be using its Ho...
Read More >>Online retailer Amazon might face a USD 425 million fine for allegedly violating EU privacy laws. The case is related to alleged infringements of EU’s General Data Protection Regulation, GDPR, which were implemen...
Read More >>Northvolt will use the fresh funds to expand its manufacturing capabilities to cater to the rising demand for electric vehicles. Volkswagen current...
Read More >>Renowned multinational networking and telecommunications giant Telefonaktiebolaget LM Ericsson has announced that it will support UNICEF in addressing urgent healthcare needs in India that have arisen amid the second w...
Read More >>American automotive giant the Ford Motor Company has reportedly paused the deliveries of its first long haul EV namely, the Mustang Mach-E, in the U.K. The delay is caused by an issue with the eCall system which failed...
Read More >>Multinational telecom and mobile service company Airtel Africa plc has recently announced the sale of its Tanzanian tower portfolio to a joint venture enterprise of SBA Communications Corp. as well as Paradigm Infrastr...
Read More >>Swiss multinational food and beverage conglomerate, Nestlé S.A., is reportedly planning to upgrade its health and nutrition policy after an internal document revealed that the company described a major portion o...
Read More >>The U.S. Department of Justice has reportedly launched a criminal probe into pharma company, Eli Lilly and Co., to investigate alleged irregularities in manufacturing, and tampering records at a plant that produces the...
Read More >>A new lawsuit was recently filed against Tesla Inc. in California, seeking class-action status for its ‘Solar Roof’ customers. This is the second lawsuit filed in California following similar litigation in ...
Read More >>California’s clean air regulator has reportedly released new guidelines, making it compulsory for ride-sharing platforms such as Uber and Lyft to use electric vehicles. This move is a first-of-its-kind by any U.S...
Read More >>United Airlines Holdings Inc. is expected to add over 400 flights to its July schedule to meet the rising demand post-pandemic relaxations. The American airliner is also planning to increase the frequency to the Europe...
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