After Uber sold its Jump business to its rival Lime, the ride hailing company is currently destroying thousands of electric bikes and scooters. The distinctly red coloured bikes of Uber were seen being crushed recycling centre of the company in the United States in videos that went viral on social media. The videos have reportedly…
With a twist to its famous catch phrase “Just do it”, Nike has taken a stand against racism in e United States as it has started a campaign that has a tag line of “Don’t do it”. There has been protests against police brutality spread across the United States. “For once, Don’t Do It… Don’t…
There has been a acceleration in the digitalisation drive in a global shipping and logistics sector because of the crisis brought along by the novel coronavirus pandemic. According to industry leaders this sector is still used to routinely delivering many documents through bike messenger in some countries. A blockchain platform aimed at limiting the use…
The United States based global tech giant Google has decided to withdraw its offers for temporary jobs to thousand people who had agreed to work at the company on temporary and contractual basis because the company itself is faced with a drop in advertising revenue because of the coronavirus pandemic. “We’re slowing our pace of…
Japanese car making giant Nissan is set to slash its production by 20 per cent and will close down a factory in Spain which are part of some of the most sweeping strategy restructuring of the company even as it announced its first annual operating loss this year since more than a decade. For its…
Even as SoftBank Vision Fund reported a in the past business year, the total pay for the fund’s head, Rajeev Misra, more than double in the same period to reach a total of 1.6 billion yen. The growth in the pay for Misra was second to only to what the fund paid as remuneration for…
Clear signs of increasing rivalry between the two top Swiss drug makers Roche and Novartis became evident earlier this week when both the companies made public their respective data on treatments that showed how the two rival companies are aiming to win sales from each other in the area of eye diseases and multiple sclerosis.…
United States based aircraft making giant Boeing has restarted production of its 737 Max planes at a “low” rate, the company said earlier this week. The 737 Max planes were grounded globally by airline regulation authorities following tow traffic and fatal crashes involving the planes within a span of just give months between November of…
On Friday, in a statement Anhui Jianghuai Automobile Group (JAC Motors) said, Europe’s biggest carmaker, Volkswagen AG, has agreed to purchase 50% of its parent company Anhui Jianghuai Automobile Group Holding. The development sees VW further strengthening its grip on the electric vehicle market.
Dell Technologies Inc reported a rise in its quarterly revenues, which beat analysts’ estimates, on the back of a rise in demand for its workstations from companies which saw employees working from home due to the coronavirus outbreak. With the news reaching the market, Dell’s shares rose by 8.3% to $49.38 in extended trading. Revenues…
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