The aim of the OPEC and allied oil producers to increase global crude prices by reducing output as unveiled last week could fail. According to the International Energy Agency, a global supply glut will potentially be prevented by the increased production cuts as agreed to by the oil cartel and other major producers including Russia.…
The annual tech summit organized by the leading chipmaker of the world – United States based Qualcomm saw the company unveiled two new 5G mobile platforms along with the first 5G-supported extended reality platform of the world. The flagship Snapdragon 865 and the mid-tier Snapdragon 765/765G – the two new 5G Snapdragon mobile platforms were…
By 2030, the majority, if not all, of its Cadillac cars and SUVs that the United States auto giant General Motors would be selling all over the world would be completely electrically powered, a company executive told the media. Based on market demand, the current models of internal combustion engines will be phased out by…
The drop in revenues and profits in the traditional licensing business of Oracle Corp was not offset by the growth in its cloud services business as the company report worse than expected and short of its estimates for the most recently ended quarter, the company said on Thursday. Additionally, the chairman of the company said…
The fast growth of the food delivery market in Asia is attracting reorganization of the market players and attracting foreign companies to set foot in the market. This was the reason that the Germany’s Delivery Hero decided to acquire the top food delivery app operator of South Korea – Woowa Brothers, in a deal worth…
Australia’s Qantas Airways chose to purchase aircraft from the European plane maker Airbus SE instead of its United States based rival plane maker Boeing Co for supplying of jets for the longest commercial flights of the world to be operated by the airline from Sydney to London. This is the latest hiccup to Boeing that…
Analysts say that in terms of launching of a coffee-cola beverage and bringing it into the United States market, it is likely that rival Coca-Cola will be beaten by PepsiCo. The soft drinks giant Pepsi said that cans of Pepsi Café, that will weigh twelve-ounce each, will hit stores in the United States in April…
It would not be before year end that the United States Federal Aviation Administration (FAA) would be approving the grounded commercial jet – Boeing Co’s 737 MAX, for flight, confirmed the US regulator on Wednesday while also saying that it was investigating production issues involving the 737 MAX planes. A series of steps that the…
A firm in Hong Kong allegedly used malware to lure people into clicking on celebrities’ photos and bogus advertising links and this formed the basis of a case that was filed against the company by the US based social media giant Facebook. The company alleged in the filing that the Hong Kong firm has used…
In its efforts for sustainable sourcing of cocoa, Nestlé is spending 45 million Swiss francs a year, the company said and noted that its efforts were providing results in the form of progress being made in the reducing child labour in its supply chain in West Africa. Nestle said that its aim was to source…
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