The first quarterly report as a public company issued by United States based ride-hailing firm Uber has revealed a loss of $1 billion as the company is now investing heavily in building up its food delivery and freight businesses. The report however showed a 20 per cent rise in its revenues at $3.1 billion which…
The largest e-commerce firm in the world Amazon.com Inc is considering purchasing the prepaid cell phone wireless service Boost Mobile which is jointly owned by the United States carriers T-Mobile US Inc and Sprint Corp, according to reports quoting a couple of sources who were privileged with the information. According to the reports quoting the…
All apps that are aimed at facilitating sale of marijuana have been banned by Google by the addition of a rule irrespective of such apps operating legally or illegally. However Google is not attempting to eliminate all pot-related services from its Google Play Store, the company said. This move by Google would prove to be…
The criticisms of iPhone maker Apple’s dominance on the platform and treatment of its rivals was answered by the US tech giant as it published a defense of its App Store practices. Criticisms of the competitive practices implemented by Apple have been criticized by a host of its rivals including Spotify. These have resulted in…
It would most likely not be before august of this year that regular services can begin for Boeing Co’s 737 MAX which are currently grounded all across the world after two fatal crashes within a period of just five3 months involving the crafts. This was opined by the head of the International Air Transport Association…
The United States Navy wants to study how people engage in talk in online forums and platforms and for this purpose it is trying to create a huge archive that would be comprised of at least 350 billion social media posts from across the globe. However, the particular or specific social media platform that the…
One of the largest drug manufacturers of the world, Johnson & Johnson, has been dragged into a trial for a multi-billion dollar lawsuit initiated by the state of Oklahoma in the United States. The company has been accused by prosecutors of being deceptive in their marketing of painkillers as well as in downplaying the risks…
A report based on a survey done by data company Refinitiv found that there has been an increase in the white-collar crimes such as fraud and money laundering because of an economic slowdown globally. Refinitiv said that over the last 12 months to the end of March 2019, about 75 per cent of the respondent…
According to a report published in the Japanese news paper Nikkei, the merger of Fiat Chrysler Automobiles and Renault would not be opposed by Japan’s Nissan Motors. The report claimed that was conveyed to the Renault management by Nissan officials at a meeting between the two that was held to discuss the future of their…
The first robot that can be used for plucking raspberry is being set to work in the United Kingdom. After ascertaining the age of the fruit, the gripping arms of the robot plucks the fruit and then deposits it gently into a waiting punnet. This entire process of plucking takes about a minute for a…
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