Apple Inc has hired two former executives from two car companies kin a clear indication of the intention of the iPhone maker to enter the car production industry. Apple confirmed the hiring of Ulrich Kranz, a former BMW executive and the recently departed CEO and co-founder of EV startup Canoo. It has been reported that…
Hackers broke into the system of major game publisher Electronic Arts (EA) and stole valuable information, the company said. According to reports, the hackers managed to download source codes for games such as FIFA 21 and the proprietary Frostbite game engine of the company which is the base for many other high-profile games. According to…
A deal for exploring the opportunities in the recycling of wind turbine blades was struck between LafargeHolcim, the biggest cement manufacturer of the world, and General Electric’s renewables business unit. The companies will focus on exploring “circular economy solutions”, according to a memorandum of understanding between the companies. In recent years, there has been increased…
The first ever country to adopt bitcoin as legal tender is now El Salvador. A proposal aimed at making bitcoin to be used as legal tender in the country alongside the US dollar was approved by a majority of lawmakers of the country. The proposal was made by Salvadorian President Nayib Bukele. The law states…
The European Union and the United States are seeking to mend the transatlantic relationship that was impeded by tit for tat tariffs surrounding the granting of government subsidy for Airbus and Boeing respectively. According to reports, the EU is now asking the US to pledge an end to their aircraft-related tariffs when representatives of the…
A new privacy function called “private relay” which can help to hide users’ web browsing behaviour from Apple, internet providers and advertisers, was among the host of new privacy protections that were unveiled by apple Inc. at its recently held annual conference for software developers. There has been pressure on Apple to reduce down the…
With the widening of 5G networks and the industry leader Huawei Technologies of China now focused on its domestic market, Samsung Electronics is depending on its business opportunities of Europe for maintaining its growth momentum of its network equipment business, according to a senior executive of the South Korean company. According to market research firm…
The buy-now-pay-later business model of Klarna is not only cheaper for consumers compared to the credit cards but also is useful for preventing consumers from falling into a debt trap, said the chief of the company. Since his company does not charge interest or late payment fees, therefore consumers are better off dealing with the…
A number of Western brands have been accused in China of selling products that could cause harm to children. 81 items imported by companies including Nike, H&M and Zara were listed in a warning notice on the customs administration website of the country. With a growing international backlash over claims of abuses in the cotton-growing…
A third director nominated by hedge fund Engine No. 1 was elected to the governing board of the United States based energy giant Exxon Mobil Corp by the company’s shareholders which further added on to the two directors who were appointed by investors of one of the America’s top energy corporations to the company’s board…
