Global Chip Shortage To Continue For Come More Time, Warns Nissan Chief

This Omicron variant could increase pressure on the ever-present shortage of microchips that are used in the production of cars the head of auto giant Nissan has cautioned. Makoto Uchida stated that it was too early to determine the date when deliveries of normal and, therefore, finished vehicles will resume. “I can’t give you a…

Omicron’s Effect On Holiday Season Spending Is Unknown, Says Amazon Exececutive

A senior Amazon.com Inc executive said it is too early to determine whether the Omicron coronavirus variant could affect consumers’ spending habits this holiday season, however, he suggested that consumers will continue to shop for items now. “It’s very early in the process of understanding what’s happening with the new variant,” said Dave Clark, chief…

28% Fall In In-Store Shopping On Black Friday Compared To Pre-Pandemic Levels

The number of shoppers in retail stores during Black Friday dropped 28.3% when compared to levels in 2019 which is a result of Americans have shifted more of their spending to online and began early in the calendar year according to preliminary figures provided by Sensormatic Solutions. The traffic was up 47.5 percent compared to…

Shell Considering Construction Of Biofuels Unit To Cater To Increasing Asian Demand

The chief of Royal Dutch Shell’s downstream division has said that the company may develop a biofuels facility in Singapore so that it is able to meet the growing demand for sustainable aviation fuels (SAF) of the region. Shell Downstream Director Huibert Vigeveno told reporters that the proposed project has a projected output of 550,000 tonnes…

Effect Of New Covid-19 Variant On Its Vaccine And Antibody Cocktail Being Examined By AstraZeneca

AstraZeneca announced on Friday that it was looking into the effect of the coronavirus strain that was first identified recently in South Africa, and one that is rapidly spreading across the country, on its vaccine and its antibody mix and was optimistic its combination drug would maintain effectiveness. The World Health Organization (WHO) has on…

Losses For Fintech Firm Klarna Quadruple Due To Surge In Demand For Buy Now, Pay Later

A significant rise in expenditures as the company adjusted to growth in demand for its purchase now, pay later services saw the losses at Klarna, the fintech start-up from Sweden, increase3d dramatically in the first nine months of 2021. From January to September, the Stockholm-based company lost 3.1 billion Swedish krona ($344 million), a fourfold…