Consumers in the United States stepped out of their home more with the lifting of Covid-19 pandemic related restrictions and into stores and were reported to make purchases of more clothes, travel gear and back-to-school merchandise, which drove Walmart Inc to increase it annual U.S. same-store sales forecast. The company also beat analysts’ estimates for…
On Thursday, a group of 7 British organizations including startup Britishvolt, battery materials company Johnson Matthey, and Oxford University said, they had formed a consortium to develop solid-state batteries for electric vehicles. The group plans on building a facility to develop technologies and prototypes for the mass production of solid-state batteries. The consortium also includes…
In a statement Ford Motor Co said, it will temporarily close its Kansas City assembly plant which builds its best-selling F-150 pickup truck because of a shortage of semiconductor-related parts. The shortage is caused by the COVID-19 pandemic in Malaysia. Production is slated to resume in August 23, said the U.S. automaker while adding, it…
Hackers have stolen personal data of more than 40 million former and prospective its customers, including information about social security numbers and driver’s license information, said T-Mobile US Inc on Wednesday, following revelation of the data after an investigation. Data from 7.8 million existing T-Mobile wireless customers was also among the data that was stolen.…
With easing of pandemic induced restrictions in recent months, more shoppers stepped out of their homes to visit the stores of Target Corp and purchased clothes and other school related essential products, helping the retailer to beat estimates of analysts for same-store sales for the quarter. However there was a decline in online sale of…
On Wednesday, in a statement T-Mobile US Inc said, following an investigation into a cyberattack on its systems it has found that personal data of around 7.8 million of its current postpaid customers have been compromised. T-Mobile US was made aware of the attack late last week following a claim in an online forum that personal…
On Wednesday, Chinese tech giant Baidu said, it has started mass-producing its second-generation Kunlun artificial intelligence (AI) chips, as it races to become a major player in the chip industry with Beijing’s backing. In a statement Baidu said, the second-generation Kunlun AI chips, using 7 nm process technology, produced computational speeds of two-to-three times faster…
In a statement U.S. drugs regulator and a federal agency said, a cybersecurity vulnerability in a software designed by BlackBerry Ltd could put medical equipment and cars at heightened risks and expose highly sensitive systems to attackers. This warning comes in the wake of BlackBerry disclosing that its QNX Real Time Operating System (QNX RTOS) has…
In June and July, solar power supply in the European Union jumped to a record high in 2021, and accounted for 10% of the total electricity produced in the region, reads a report by independent climate think-tank Ember on Wednesday. The EU generated around 39 terawatt hours (TWh) of solar power, up from 10.9 TWh…
In a statement, Aerospace startup Boom Supersonic said, it hopes to resurrect supersonic commercial air travel across the Atlantic, which was last seen when British Airways and Air France flew the SST Concorde in the 1970s. Boom Supersonic is aiming to fly 65 passengers from New York to London in little more than three-and-one-half hours,…
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