A record fine of €746 million ($887 million) GDPR fine was slapped on Amazon by Luxembourg’s National Commission for Data Protection (CNPD) over the manner in which the e-retailer collects and uses user data for conducting targeted advertising. This disclosure was made by Amazon in an SEC filing on Friday. In the filing the largest…
The new trucks division that Daimler wants to spin off later this year will have a 35 per cent belonging to the parent company, said the luxury carmaker said on Friday. This information was shared by the company on a landmark corporate split that Daimler hopes will cause a surge in its share values. The…
The Serum Institute of India (SII) has entered into a partnership with an industry body to expand the reach of the Covid-19 vaccines, which it makes with a license from AstraZeneca, to the rural areas of India, the largest vaccine maker of the world said on Friday. There was “plenty of supply” of the AstraZeneca…
Chevron Corp announced a share buyback program with it reporting its highest profit in six quarters as the oil and gas firm joined other industry peers to share profits with shareholders with a rebound in crude oil prices pushed earnings and cash flow to levels before the pandemic hit. An increase in demand and use…
Revenue growth is expected to “significantly” slowdown in the second half of the current year, warned the largest social media company of the world Facebook. This was stated by the company as it reported a significant growth in its revenue for the three months to 30 June to $29bn compared to $18.69bn in the same…
The global shortage of computer chips is likely to impact smartphone manufacturing after the shortage has hit a range of industries – from automobiles to video game consoles. Since towards the end of last year, there has been a shortage of computer chips because of a combination of factors including closures of facilities because of…
With deliveries of its best seller planes, the 737 MAX jets, picking up during the quarter, United States based plane maker Boeing Co reported its first quarterly profits in almost two years, as global travel has started to see a revamp form the near collapse during the pandemic with a steady pace of Covid-19 vaccine…
With countries stocking up on its Covid-19 vaccines and ordering more for the rest of the year, its forecast for full-year sales of its vaccine was raised by Pfizer Inc on Wednesday by almost 29 per cent to $33.5 billion. Pfizer partnered with Germany’s BioNTech to develop the vaccine. While reaffirming that a booster dose…
Higher costs of raw materials is likely to bring down its margins this year, warned Reckitt Benckiser Group, just like a number of other top consumer goods companies, which sent its shares down by 9 per cent on Tuesday. The company also reported a slowdown in growth in demand for its products such as Lysol…
An offer of covering of up to $2 billion in costs for NASA was made by Amazon.com’s founder and billionaire Jeff Bezos after his recent trip to space in the spaceship developed by his own space exploration company Blue Origin. The offer was made with the condition of NASA offering a contract to make a…
business-gurus.com 