In a development that underscores Amazon.com Inc’s push towards reducing its carbon footprint, the world’s biggest e-commerce retailer has ordered more than 1,000 truck engines that run on compressed natural gas, marking its latest shift away from heavy polluting trucks. In 2020, as a result of the coronavirus induced pandemic, there has been a surge…
The French bank BNP Paribas beat expectations of the market for its fourth quarter with the company’s CFO talking of a “gradual pickup” for the economy in the near future. For the fourth quarter of 2020 ended December 31, net income of 1.59 billion euros ($ 1.90 billion) was reported by the bank which beat…
The antiviral drug, remdesivir was a huge hit as a treatment for the seriously ill during the Covid-19 pandemic the world over, which drove the performance of its maker Gilead Sciences Inc to report a 26 per cent rise in its revenues for the fourth quarter of 2020 which was well above the estimates of…
On Friday, in a world first Google launched a paid news platform in Australia after it struck content deals with publishers in a move aimed at complying with Canberra’s new legislation. Initially the News Showcase platform was slated for launch in June 2020, but Google delayed launching plans following Australia passing a new legislation which…
On Friday, the United States thanked Taiwan for helping to resolve an auto chip shortage that impacted production. Both countries reportedly did not discuss prioritising production of making these chips, said Taiwan Economy Minister Wang Mei-hua after a high-level meeting. Car factories across the globe have been significantly affected and have been forced to shutter…
In a statement Amazon.com said, it will install AI-powered video cameras in its branded delivery vans in order to improve the safety of both drivers and the communities in which it delivers. Recently Amazon has started rolling out camera-based safety technology across its delivery fleet. “This technology will provide drivers real-time alerts to help them…
Daimler Truck, the largest maker of truck and bus in the world, will be spun off from its parent company, the German carmaker Daimler said on Wednesday. Analysts view this move by the German company to make itself more appealing to investors in its efforts to focus more on development and manufacturing of its electric…
A cannabinoids company is set to get listed at the London stock market for the first time. The company is backed by the footballer David Beckham and will be the first company of its kind to get formally publicly listed – the plans of which are slated to be announced this week. In an exclusive…
Amazon has been able to temporarily block a multibillion-dollar deal between two of India’s biggest retailers after a major legal victory in an Indian court. Following a complaint by Amazon last year, an agreement by Reliance Industries to purchase local rival Future Retail for $3.3 billion has been put on hold on an order from…
The Japanese electronics and media giant Sony Corp said that it was not being able to cater to the increased demand for the new PlayStation 5 caused by the Vodi-19 pandemic because of a global shortage of critical semiconductors while it raised the full year profit outlook by one third based on better demand. The…
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