At a time when the services of the firm are in high demand because of the pandemic raging through most of the world, the on-demand food delivery company DoorDash is getting ready to get itself publicly listed. While claiming that it has generated $1.9 billion in revenue in the first nine months of this year…
A special license was granted to Qualcomm Inc on Friday by the United States government allowing the company to now sell 4G mobile phone chips to China’s Huawei Technologies Co Ltd in what is an exemption to trade restrictions imposed by the Trump administration on the Chinese firm as trade and geopolitical tensions increase between…
A strong demand for its trucks resulted in a much larger profit than Wall Street was forecasting which pushed the United State based auto giant back into the path of profitability in a big way in the third quarter. Profits of $2.6 billion excluding special items was reported by the company which was almost twice…
United State based aircraft maker Boeing has surprisingly increased its industry wide Chinese sales forecast for a period of the next 20 years to a level that is higher than even the pre-Covid-19 levels despite very frim global estimates of demand for new aircraft to remain very slow for decades due to the hit of…
The British luxury brand Burberry will be robbed of its “home market advantage” on the eve of Brexit if the British government does scrap tax-free shopping because the wealthy international tourists mainly choose to holiday in mainland Europe rather than in the United Kingdom. Those foreign tourists who traditionally accounted more than half of its…
In a development that underscores cost cutting measures adopted by Amazon.com Inc, the e-commerce giant said it has shifted some computing power for its Alexa voice assistant to its own custom-designed chips, away from chips supplied by Nvidia Corp. When consumers ask devices equipped with Alexa, including Amazon’s Echo line of smart speakers, a question…
New record in terms of revenues from sale were set by Chinese e-commerce giants Alibaba and JD.com for the Singles Day shopping event with a total of $115 billion in sales across their platforms. The Singles Day event, also known as Double 11 because it happens on November 11, was extended this time not by…
On Monday, when the pharmaceutical giant Pfizer had made the announcement of the positive data about its coronavirus vaccine, the CEO of the drug maker, Albert Bourla, had also filed to sell millions of dollars of his company’s stock. After Pfizer and European drug company BioNTech said that results from its early data suggested that…
On Thursday, Estonia-based ride-hailing service provider Bolt stated, it has decided to invest $118 million in 2021 and has set a goal to become the biggest e-scooter rental company in Europe. The development comes at a time when cab services have been severely affected by the coronavirus-induced COVID19 pandemic. As part of this strategy Bolt…
BMW AG has unveiled an electric sport utility vehicle (SUV), the BMW iX, which will go on sale in the United States in early 2022. The BMW iX will compete with Tesla’s Inc’s electric vehicle offerings. The car will have a drive range of 300 miles (480 km), less than the estimated driving range of the…
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