McDonald’s, the world’s largest fast food chain, is experiencing a chip shortage in Japan as a result of the worldwide supply chain issue. The problem at the home of the Big Mac, however, is not a shortage of chips. The company has stated that supplies of the potatoes used to manufacture its famed French fries…
Unconditional antitrust approval was granted to software giant Microsoft by the European Commission on Tuesday for the acquisition of artificial intelligence and speech technology company Nuance Communications for a $16 billion deal. This acquisition is the largest for United States based Microsoft since its acquisition of the networking social media platform LinkedIn in 2016 for…
California’s Department of Justice stated Monday that it had filed a lawsuit against Walmart for allegedly disposing of hazardous garbage at a rate of “more than one million items per year.” According to the complaint, Walmart illegally deposited 159,600 pounds of hazardous garbage every year in state landfills that aren’t suited to handle the goods,…
When China Mobile, the largest telecommunications network provider, offers its shares in Shanghai, it hopes to raise as much as $8.8 billion. Due to constraints enforced under Donald Trump’s presidency, the firm was delisted from the New York Stock Exchange. It joins an increasing number of Chinese companies that have been listed on the New…
Continued strong demand for its sports shoes and apparel from its customers of North America prompted the sports apparel giant Nike to comfortably beast estimates of analysts for quarterly revenue and profits. Making the announcement, the company expressed its confidence on the easing of the current constraints in the global supply chain in the next…
Thousands of people have complained to British retailer A Manger about its drinks subscription service since not all of the advertised drinks are accessible. Unlimited hot and cold drinks are included with the £20 monthly subscription. However, according to the BBC, the High Street establishment has received 5,000 complaints about the deal, including smoothies being frequently…
According to a Zoom official, the video communications company will remain relevant after the pandemic, even when people return to work. More companies are adopting a hybrid work model, in which employees work in the office and from home on a weekly basis. “I think there are three big shifts that are happening post-pandemic that…
Moderna Inc said on Monday that laboratory research showed that a booster dose of its Covid-19 vaccine was protective against the fast-spreading Omicron strain, and that the current version of the vaccine will remain Moderna’s “first line of defence against Omicron.” The choice to focus on the current vaccine, mRNA-1273, was influenced in part by…
SenseTime Group , a Chinese artificial intelligence start-up, restarted its $767 million Hong Kong IPO on Monday, a week after it was halted due to the company’s presence on a US investment blacklist. According to regulatory papers, SenseTime intends to sell 1.5 billion shares for between HK$3.85 and $HK3.99 each, with the final price to…
In a report released Thursday, Facebook owner Meta Platforms Inc accused a half-dozen private monitoring companies of hacking or other crimes, alleging that they together targeted around 50,000 people across its platforms. The firm’s struggle with the spy companies is part of a broader push by American technology companies, lawmakers, and President Joe Biden’s administration…
