Prices for its products are to be increased by Ikea because the global supply lines are anticipated to be disrupted for the rest of the year as well as extend into 2022. A dip in full-year earnings was announced by Ikea on Wednesday owing to rising transportation and raw material expenses. It will transfer some…

A funding $93 million was raised in a funding round by the Sandbox, a gaming platform based in Hong Kong that gives the opportunity to its users to build a virtual world using non-fungible tokens (NFTs), and its investors include Japan’s SoftBank’s Vision Fund 2, the company has informed. It was just about a year…

According to Nikkei Asia, Apple has reduced iPad manufacturing significantly in order to assign more components to the iPhone 13, indicating that the worldwide processor supply constraint is affecting the firm far more severely than previously suggested. For the past two months, production of the iPad has been cut by half compared to Apple’s initial…

In terms of gaming platforms, the products of Apple rival those from with Sony Playstation, Microsoft Xbox, and Nintendo, according to a regulatory filing released on Friday. Apple has stated earlier that it competed for software developers’ attention and rivalled with Google’s Android and Microsoft Windows. However, recently it has been revealed that Gaming applications…

The driving range on s single charge and other features of its bZ4X sport utility vehicle (SUV) was disclosed recently by Japan’s Toyota Motor Corp. This is the first in a series of electric-only models of the vehicle being manufactured by Toyota and the company has set a target of launching the vehicles globally to…

A significant stake in Rivian Automotive, a start-up that develops electric cars, including Amazon’s commercial delivery vans, was revealed by the retail giant on Friday. According to an SEC filing, Amazon has equity assets “including preferred shares of Rivian Automotive, Inc. reflecting an approximately 20% ownership stake” with a carrying value of $3.8 billion as…

After reporting better-than-quarterly expected results, Hershey Co. raised its annual sales and profit estimates on Thursday, driven by expectations of high demand for its chocolates and sweets during the “biggest ever” Halloween season. After the epidemic halted trick-or-treating gatherings last year, demand for the company’s products such as Reese’s Peanut Butter Cups and KitKat chocolates…

After closing off Europe’s largest IPO of the year so far, Volvo Cars shares soared 22 per cent on their Stockholm market debut on Friday, boosting new issue markets and the vision of the carmakers to have an electric only future. While cutting down the size of its IPO, the Gothenburg-based firm on Monday also…

The iPhone maker Apple Inc has been able to fare the global semiconductor shortage much better than other mobile phone makers and has as a consequence been able to claw into the other mobile phone makers of its competitors, as is evident from analysis of data providers. According to data from market research firms Counterpoint,…

Facebook, the world’s largest social networking platform, has changed its company name to Meta pot Meta Platforms in an apparent surprise decision. Mark Zuckerberg, co-founder and CRO of Facebook, announced the new platform, which would bring together apps and technology under one unified business identity. However, for users of the company’s social media services –…