DCGI gives greenlight to Covaxin phase 2,3 trials for 2 to 18 year-olds
  Author: Mateen Dalal

The DCGI (Drugs Controller General of India) has reportedly approved Hyderabad-based firm Bharat Biotech's proposal to conduct Phase 2 and 3 clinical trials of the COVID-19 vaccine, Covaxin, among children aged 2 t...

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Tesla halts Shanghai plant expansion as U.S.-China tension intensifies
  Author: Nikita Chaurasia

American electric vehicle company Tesla Inc. has reportedly put a halt on its plans to buy land for the expansion of its Shanghai plant, due to the emerging uncertainties brought forth by rising political tensions betw...

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Amazon blocked 10 billion listings amid rising counterfeiting concerns
  Author: Mateen Dalal

For a while, Amazon has been facing a lot of pressure from brands, customers, and lawmakers to boost its anti-counterfeiting efforts on its renowned platform. Recently, the world’s largest online retailer has cla...

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Chinese EV manufacturer NIO sets foot in Europe for the first time
  Author: Nikita Chaurasia

Chinese multinational automobile manufacturer NIO has reportedly entered the European market by opening its first outlet in Norway. The automaker has set up a separate website for its Norwegian counterpart, where peopl...

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Facebook, Google sign content deals with Australia’s Seven West Media
  Author: Mateen Dalal

Seven West Media, an Australian newspaper and television firm, has reportedly signed a content deal with Facebook Inc. and Google LLC in the wake of recent landmark laws that have enabled the industry to obtain new rev...

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Uber to hire 20,000 drivers in the U.K. as post-lockdown demand surges
  Author: Nikita Chaurasia

After lockdown rules eased last month, Uber is reportedly looking to sign up another 20,000 drivers by the end of the year, adding to the 70,000 it already employs in the UK. Uber r...

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Porsche India witnesses highest quarterly sales growth in 7 years
  Author: Mateen Dalal

Porsche India has reportedly witnessed a whopping 38% quarterly growth as compared to the same period during the previous year. The company’s range of two-door sports cars has witnessed a 26% year-on-year increas...

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Indian FMCG firms report high demand for sanitizers amidst second wave
  Author: Nikita Chaurasia

India’s leading FMCG companies such as ITC Limited, Patanjali Ayurved, and The Himalaya Drug Company have reported high demand for their health and hygiene products recently. ...

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Facebook to allow staff to permanently work from home post the pandemic
  Author: Mateen Dalal

Social media giant Facebook Inc. is reportedly planning to allow staff to continue working from home even after the Coronavirus pandemic ends. Eligible staff will be able to apply for permanent work from home, although...

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Xiaomi and Oppo team up with UNISOC to manufacture in-house 5G chipsets
  Author: Mateen Dalal

The two companies intend to introduce their custom-made sub-6GHz 5G chipsets by the end of 2021. UNISOC has managed to raise around USD 817.20 mil...

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AirAsia shares slump by 6.2% after it posted its record quarterly loss
  Author: Nikita Chaurasia

According to reliable sources, shares of Air Asia Group Berhad fell by 6.2% in the first half-session of trading post the announcement of its record quarterly loss. Lockdowns in Mal...

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U.S. extends antitrust probe on Sony Corp. over ‘Anime’ monopoly
  Author: Mateen Dalal

The US Department of Justice is reportedly extending its antitrust review for the USD 1.175 billion acquisition deal between Sony and AT&T for major anime-streaming giant Crunchyroll last year. ...

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ByteDance-owned Nuverse to acquire Moonton Technology for USD 4 billion
  Author: Mateen Dalal

Nuverse, a ByteDance-owned game development and publishing company, has reportedly signed an agreement to acquire Shanghai-based video game developer Moonton Technology. The USD 4 billion acquisition will allow ByteDan...

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Schlumberger to develop new lithium extraction pilot plant in Nevada
  Author: Mateen Dalal

Schlumberger New Energy, a leading energy technology provider, has recently announced the development of a new lithium extraction pilot plant through NeoLith Energy, its new venture. This new plant will be deployed in Cl...

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FAA grants approval for mass air shipment of Pfizer’s COVID-19 vaccine
  Author: Nikita Chaurasia

Chicago-headquartered airline company United Airlines Inc. has reportedly started operating charter flights for the distribution of Pfizer Inc.’s COVID-19 vaccine after receiving approval from the Federal Aviatio...

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Britain’s CMA to levy tougher competition rules on Google and Facebook
  Author: Mateen Dalal

Facebook and Google accounted for around 80% of the total 14 billion pounds spent on digital advertising in 2019. MOW has reportedly accused Google...

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Amazon, U.S. Government team up to prevent sale of counterfeit goods
  Author: Mateen Dalal

According to reliable sources, Washington-headquartered American multinational technology company, Amazon.com Inc has reportedly initiated a joint venture with the U.S. government’s counterfeit agency, the IPR Ce...

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Twitter releases plans to relaunch verification program in early 2021
  Author: Nikita Chaurasia

Twitter Inc. has reportedly planned to relaunch the user verification program as well as a new public application process by 2021. According to reliable sources, the move will allow the American social networking compa...

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Qantas aims to expand international flights by 50% of pre-COVID levels
  Author: Nikita Chaurasia

According to reliable sources, Australia’s leading airline Qantas Airways Limited, is aiming at restoring its international flight services by 50% by mid-2021 as compared to its normal capacity before the advent ...

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NHS to initiate COVID-19 vaccine distribution by the end of November
  Author: Nikita Chaurasia

  The vaccine will be first delivered to homecare residents, frontline healthcare professionals and people over 80 years. Reportedly,...

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Denmark detects COVID-19 mutation that may hinder vaccine development
  Author: Nikita Chaurasia

  Around 217 farms in Denmark have been detected with the mutated COVID-19 virus. Reportedly, the WHO has not yet decided if the mutat...

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MHRA starts rolling reviews of AstraZeneca’s COVID-19 vaccine candidate
  Author: Nikita Chaurasia

British multinational pharmaceutical company AstraZeneca Plc has reportedly announced that the Medicines & Healthcare Products Regulatory Agency (MHRA) has begun an accelerated rolling review of its potential COVID...

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MRI Software announces acquisition of Jenark™ from CoreLogic
  Author: Mateen Dalal

MRI Software, one of the leading providers of innovative real estate software applications, has reportedly acquired Jenark™ property management software from CoreLogic Inc. Th...

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AstraZeneca and Oxford’s COVID-19 vaccine shows promising results
  Author: Nikita Chaurasia

The vaccine AZD1222 has reportedly triggered lower adverse response among elderly participants.   Oxford’s and AstraZeneca’...

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Google sued by Justice Department for illicitly holding monopoly power
  Author: Nikita Chaurasia

The U.S. Justice Department has reportedly filed a landmark lawsuit against Google LLC of illegally safeguarding its monopoly in order to dominate the search and advertising vertical. If reports are to be believed, the...

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Britain hits an absurdly high average asking price for homes
  Author: Nikita Chaurasia

Reportedly, the average asking price of houses in Britain has reached an all-time high, with buyers willing to spend more for larger properties after experiencing the COVID-19 lockdown. ...

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Regeneron’s Inmazeb drug receives FDA approval for treating Ebola virus
  Author: Nikita Chaurasia

According to reliable sources, New York-headquartered biotechnology company, Regeneron Pharmaceuticals Inc. has recently made it to the headlines after its patented Inmazeb drug received approval from the U.S. FDA (Foo...

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Eli Lilly halts COVID-19 antibody treatment trial over safety issues
  Author: Nikita Chaurasia

  The announcement comes along the heels of a sudden spike in the number of coronavirus cases across U.S. Eli Lilly’s shares dro...

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Facebook, Twitter suspend over 3500 accounts to curb disinformation
  Author: Nikita Chaurasia

Social networking giants Twitter Inc. and Facebook Inc. have recently made it to the headlines for suspending more than 3500 accounts that used fake identities on their platforms to convey misleading information. ...

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Facebook and other tech giants under scanner over monopoly power
  Author: Nikita Chaurasia

  A report drafted by House Democrats has appealed the Congress to reform antitrust laws. The House Democrats claim the tech giants s...

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U.S. oil refineries look to outrun Canada’s renewable diesel production
  Author: Nikita Chaurasia

According to credible sources, American oil refineries are making swift moves to produce renewable diesel in order to profit from Canada’s greener fuel standards before the country’s refiners modify their o...

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Google may face lawsuit from DOJ over search and advertising dominance
  Author: Nikita Chaurasia

  Google has been accused of depriving rivals from essential user preferences and data Google’s search advertising feature has a...

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Ransomware attack cripples IT systems of Universal Health Services
  Author: Nikita Chaurasia

The company claims that no patient records were compromised.UHS system files were being renamed with the addition of a ‘.ryk’ extension.        ...

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Amazon adds indoor surveillance drone to security solutions portfolio
  Author: Nikita Chaurasia

  This is the next big launch after the announcement of car security devices Indoor drone will offer video surveillance in places devo...

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JPMorgan to move USD 234 billion worth assets to Germany before Brexit
  Author: Nikita Chaurasia

  JPMorgan indicated plans to expand its hub in Paris by reassigning services based in London post Brexit The bank plans on completing...

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Nike plans to exit brick & mortar stores, records mega returns online
  Author: Nikita Chaurasia

U.S.-based multinational sports apparel firm, Nike Inc., has reportedly revealed a significant upturn in their digital sales amid the COVID-19 pandemic, recording a revenue of USD 10.6 billion. Sources close to the mat...

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Experts find druggable pocket in COVID-19, could lead to new antivirals
  Author: Nikita Chaurasia

An international team of scientists, which was led by the University of Bristol, has reportedly discovered a druggable pocket in SARS-CoV-2 (coronavirus) Spike protein which can potentially be utilized to prevent the v...

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Airlines and labor unions request USD 25 billion more in federal aid
  Author: Nikita Chaurasia

Airline CEOs and labor unions have reportedly requested for additional USD 25 billion in federal aid amidst the rising concerns of more than 30,000 jobs being at stake. Sources with relevant information stated that air...

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YouTube accused of collecting data of underaged British children
  Author: Nikita Chaurasia

  The company reportedly breached EU’s General Data Protection Regulations and UK’s Data Protection Act. The case will foc...

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AstraZeneca shares drop by 6% after halting COVID-19 vaccine trials
  Author: Nikita Chaurasia

AstraZeneca plc, a British-Swedish pharmaceutical & biopharmaceutical leader, has recently made it to the headlines for witnessing a 6% plunge in shares after voluntarily halting its late-stage trial for a potentia...

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Philips’ contract of supplying ventilators to HHS partially terminated
  Author: Nikita Chaurasia

Royal Philips, global leader in health technology recently declared to have halted the supply of ventilators to the U.S. Department of Health and Human Services (HHS), after receiving a notice regarding partial termina...

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Facebook Inc. to pay €106 million in back taxes to French authorities
  Author: Mateen Dalal

In a recent turn of events, the French subsidiary of Facebook Inc. has reportedly agreed to pay around €106 million to the government of France in back taxes in order to settle a dispute over the revenues accrued in the country for over a dec...

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More flights to take off from America to China and vice versa
  Author: Nikita Chaurasia

The U.S. Transportation Department recently announced that China and United States will allow the air carriers to increase the number of flights from four to eight per week between world’s biggest economies. ...

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Oracle Corporation enters the race of acquiring TikTok in the U.S.
  Author: Nikita Chaurasia

  The California-based tech giant is working with U.S.-based venture capital firms to buyout TikTok Oracle’s interest in TikTok ...

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WeChat, Signal app downloads spiked in U.S. after Trump threatens ban
  Author: Nikita Chaurasia

After President Donald Trump threatened to impose a ban on WeChat and its alternative Signal in United States, the number of downloads of the Chinese apps spiked for a short duration of time in the country. As per reli...

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Court wards off Uber, Lyft from classifying drivers as freelancers
  Author: Nikita Chaurasia

A California judge has reportedly issued a preliminary injunction that would prevent ride-hailing companies Lyft Inc. and Uber Technologies Inc. from classifying their drivers as freelancers rather than employees. The ...

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Uber, Lyft sued for alleged wage theft by California labor commissioner
  Author: Nikita Chaurasia

America-based ride sharing companies Uber Technologies Inc. and Lyft Inc. have been reportedly sued over alleged wage theft by California labor commissioner. According to the lawsui...

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Nigeria gives green light to N8.64bn fund for Siemens electricity deal
  Author: Nikita Chaurasia

Federal Executive Council of Nigeria has reportedly authorized President Mohammadu Buhari’s initiative to release €15.21 million (N8,648,081,465.2) or N1.708 billion in onshore and N6,940,081,465.20 in offsh...

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Nike aborts plans for Goodyear factory amid COVID-19 outbreak
  Author: Nikita Chaurasia

America-based multinational sports apparel company Nike Inc. has reportedly abandoned its plans to develop soles for its Nike Air shoes in Goodyear plant in Arizona. Sources close to the matter stated that the company ...

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NZ government to allot USD 51 Mn for international education sector
  Author: Nikita Chaurasia

According to reliable sources, the New Zealand government is planning to invest USD 51 million in a bid to keep the international education sector running following the ramifications of COVID-19 pandemic. It has also w...

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South Korea falls into recession as exports dip most since 1963
  Author: Nikita Chaurasia

The South Korean economy is facing its worst decline in over 20 years after it fell into recession in the second quarter as the COVID-19 pandemic has withheld export operations, with social distancing norms shrinking f...

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Worldwide markets to recover on apparent COVID-19 vaccine and EU deal
  Author: Nikita Chaurasia

Amidst the economic slowdown stemmed by the outbreak of COVID-19, sources with relevant information stated that the euro reached an 18-month high while the stock market is witnessing a steady progress. The recent surge...

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Online orders surge, Hermes to recruit 10,500 new people in UK
  Author: Nikita Chaurasia

As reported by credible sources, Hermes, a parcel delivery firm, declared that it will generate more than 10,000 jobs in the UK, driven by the unprecedented increase in online shopping due to the outbreak of COVID-19 p...

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Glenmark faces heat from DCGI over false claims of FabiFlu drug
  Author: Nikita Chaurasia

V.G. Somani, Drug Controller General of India, the head of Central Drugs Standards Control Organization (CDSCO), recently inquired Glenmark Pharmaceuticals Ltd., headquartered in Mumbai, over its alleged false claims o...

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AI-centric study abroad platform Edvoy launched by IEC Abroad in India
  Author: Mateen Dalal

AI oriented study abroad platform, Edvoy, based out of UK, has reportedly declared its launch in India.  Edvoy, created by IEC Abroad, is a free digital platform that provides impartial advice, support, and conten...

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Spanish study raises questions on herd immunity to counter COVID-19
  Author: Mateen Dalal

According to credible sources, a Spanish study has raised doubt about the feasibility of herd immunity as a method of countering the COVID-19 pandemic. The study, which is considered to be the largest of its kind in Eu...

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UK market regulators inspect Apple’s search engine deal with Google
  Author: Mateen Dalal

The U.K. Competition and Markets Authority has recently revealed that payments by Google to Apple Inc. to become the default search engine on the tech firm’s Safari web browser creates a barrier to entry and expa...

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Target to add fresh & frozen groceries to its pickup services in U.S.
  Author: Nikita Chaurasia

America-based retail company Target Corporation is reportedly planning to add fresh & frozen groceries to its curbside and in-store pickup services in U.S. If sources are to be believed, the new service will add 75...

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ADGM and ADEX ink MoU to boost export sector in UAE region
  Author: Mateen Dalal

ADGM (Abu Dhabi Global Market) and ADEX (Abu Dhabi Exports Office), the financial centers in the UAE, have reportedly inked a Memorandum of Understanding (MoU). The memorandum has been signed to enhance the climate of ...

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VW not likely to be shielded from local governments, says US court
  Author: Mateen Dalal

A U.S. appeals court has recently ruled that the German automotive major Volkswagen will not be able to escape financial penalties and other liabilities emerging from the company’s diesel emissions scandal. ...

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NSW calls for project ideas for its 1st renewable zone in Central West
  Author: Mateen Dalal

Public intervention in any form of producing unique ideas and solutions to support the government initiatives, has always been acclaimed as a commendable effort. This eventually has urged various state and central gove...

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Emirates could slash 30,000 jobs to lower cost during COVID-19 crisis
  Author: Nikita Chaurasia

Emirates Group has reportedly been planning to lay off around 30,000 jobs in order to lower the cost amid the pandemic outbreak, that will soon bring the total number of employees working by nearly 30% from over 105,00...

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Grant worth $6mn introduced in Singapore to support FinTech companies
  Author: Nikita Chaurasia

The recent coronavirus pandemic has largely affected umpteen businesses globally. In a bid to help Fintech companies meet their day-to-day expenses, the Monetary Authority of Singapore (MAS), has established the FinTec...

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Airbnb to lay off 25% of its employees due to COVID-19 pandemic
  Author: Mateen Dalal

The COVID-19 pandemic has instigated strict lockdowns across the world, which has significantly affected the companies through the ensuing economic fallout, forcing organizations to lay off employees in an effort to stay afloat in current financia...

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Coles lowers prices of certain meat products due to oversupply
  Author: Mateen Dalal

After multiple weeks of struggling to purchase basics such as sausages and mince, conditions finally seem to get back to normal across supermarkets in Australia. However, now these everyday food products are not only m...

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Woolworths to open added home delivery windows amid COVID-19 lockdown
  Author: Nikita Chaurasia

Woolworths, the Australia-based chain of grocery stores and supermarkets, will reportedly be opening thousands of additional weekly home delivery windows that would help the online customers with shopping. The extra ca...

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UNSW announces POC to enable cheaper & robust quantum computing
  Author: Mateen Dalal

Researchers at the University of New South Wales (UNSW) have recently made claims on finding a proof of concept to deliver cheaper, warmer, and robust quantum computing which can be manufactured using conventional sili...

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Airbus cuts back production of jets amid rising COVID-19 concerns
  Author: Mateen Dalal

Aircraft manufacturer Airbus is reportedly set to reduce jet plane production by a third. This decision has been taken considering the possibility of further impact on the global aviation industry by the coronavirus ep...

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Lufthansa to shut down Germanwings & de-commission over 40 aircrafts
  Author: Mateen Dalal

Lufthansa, the flag carrier and largest German airline, is reportedly shutting down its Germanwings, a low-cost airline, due to the rising impact of coronavirus on the business. The airline is also planning to de-commi...

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WhatsApp limits forwarding to curb spread of fake news during COVID-19
  Author: Mateen Dalal

WhatsApp, the renowned internet-based messaging app, has reportedly announced plans to start putting a considerable limit on message forwarding, in an effort to curb the spread of false information in the midst of the ...

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British Airways suspends 30,000 employees amid growing COVID-19 crisis
  Author: Mateen Dalal

British Airways, a renowned British airline, has reportedly reached a new agreement with unions according to which over 30,000 ground staff and cabin crew members would be suspended. This is the most dramatic move ever...

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Trump calls for a $2 trillion budget for U.S. infrastructure growth
  Author: Nikita Chaurasia

U.S. President Donald Trump has reportedly called for a $2 trillion spending budget to repair the and build new and currently crumbling infrastructure including tunnels, bridges, and roads, seizing on the COVID-19 outb...

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Virgin Orbit to mass-produce ventilator devices for U.S. hospitals
  Author: Mateen Dalal

Virgin Orbit, the rocket company of Richard Branson based in California, has recently partnered with medical researches and for the development of a ventilator device that the company has been aiming to mass-produce an...

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Amazon doubles hourly wages for employees doing overtime in the U.S.
  Author: Nikita Chaurasia

Amid the growing spread of COVID-19 across the world, there is also an increasing demand for commodities and products that customers are ordering from e-commerce portals, creating immense work demand on warehouse emplo...

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Alibaba & Jack Ma foundation announces aid for 10 more Asian countries
  Author: Mateen Dalal

As the number of COVID-19 cases grows across Asian countries, several global organizations are stepping up to help curb the growing spread of the disease by offering several aids such as masks, check-up kits, and other...

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Fantastic Services launches Antiviral Sanitization treatment in UK
  Author: Mateen Dalal

Fantastic Services, a professional home and maintenance service provider, has recently launched a new ‘Antiviral Sanitization’ service. This highly effective treatment is bleach-free, non-toxic, and leaves ...

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SoftBank plans to withdraw from $3B WeWork stock purchase agreement
  Author: Mateen Dalal

Softbank Group, a Japanese multinational conglomerate, is reportedly planning to withdraw from its agreement to purchase $3 billion worth of shares in WeWork. This stock purchase agreement of the embattled co-working b...

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ServiceNow unveils four emergency apps for COVID-19 crisis management
  Author: Mateen Dalal

As the fear of the coronavirus outbreak is growing across the world, tech companies are rolling out new apps to safeguard its clients. A similar instance came into light when ServiceNow, Inc., one of the leading digita...

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ABLIC unveils new series of automotive single-chip power supply ICs
  Author: Nikita Chaurasia

ABLIC Inc., a Japanese semiconductor manufacturing company, has recently introduced a new series of automotive low dropout voltage regulators enabled with voltage monitoring feature. Reportedly, the S-19310/S-19315/S-1...

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K-Tec acquires Ashland Industries to enhance geographical footprint
  Author: Mateen Dalal

K-Tec Holdings LLC, an earthmoving firm owned by private investment firm ORG LLC (Owner Resource Group), has recently revealed the purchase of Ashland Industries Holdings Inc. Reportedly, the newly merged firm would be...

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EU and U.S. to partner to counter Huawei’s dominance on next-gen 5G
  Author: Mateen Dalal

The European Union and the United States are likely to partner to counter the increasing dominance of Chinese tech giant, Huawei Technologies on next generation 5G telecommunications technology. However, this partnersh...

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Wipro recognized as global leader in Software Defined Network Systems
  Author: Mateen Dalal

Wipro has established a strong name as a key WAN services provider. Rising star in SD Network Security Services and SDN Transformation Services, claims report. ...

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TechnipFMC receives an EPCm services contract for new naphtha complex
  Author: Mateen Dalal

The UK based oil and gas company procures a significant Engineering, Procurement and Construction management (EPCm) services contract for the deployment of new project in Greece.  ...

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Hyundai and Uber team up to develop all-electric flying taxis
  Author: Nikita Chaurasia

In the midst of technological advancements increasing at a commendable pace, Uber’s flying taxi initiative seems to be edging closer to reality – the reality of establishing flying cars in the near future. ...

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Verizon’s 5G internet services now active across 31 U.S. cities
  Author: Nikita Chaurasia

Verizon Wireless, one of the leading telecommunication company in the U.S., has recently revealed the expansion its 5G internet network at parts of New Hampture and Ohio. This is a significant addition to the company&r...

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Apple intends to inaugurate its new $1Bn campus in Texas by 2022
  Author: Mateen Dalal

The U.S – China trade war has been terrorizing the global economy since the dawn of 2018. It has affected the overall financial market and global supply chains. This ongoing ...

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London-based banking platform Curve adds support for Google Pay
  Author: Mateen Dalal

The London-based over-the-top banking platform, Curve, has apparently added support for Google Pay. The combination of the two platforms will enable customers to experience the convenience of feature packed personal fi...

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U.S. FCC amid imposing stricter business restrictions on Huawei & ZTE
  Author: Mateen Dalal

The United States and China have been waging a trade war since 2018. Initially, it began with setting tariffs and other trade restrictions and went up to blacklisting Huawei from trading in the U.S. on the grounds of u...

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Amazon tests payment system that uses hand as IDs at Whole Foods chain
  Author: Mateen Dalal

The new payment system scanners are capable of identifying individual human hands to ring up purchases.   The high-tech sensors do not ...

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Microsoft’s SMS Organizer for Android expands to UK, US and Australia
  Author: Nikita Chaurasia

Leading software company Microsoft’s SMS Organizer app for the Android platform is reportedly available to users from the US, UK and Australia, according to XDA Developers. Th...

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