According to two people familiar with the matter at hand, the U.S. Department of Energy is closing in on a deal to purchase a supercomputer made with chips from Nvidia Corp and Advanced Micro Devices Inc even as a key lab waits for a larger supercomputer from Intel Corp that has seen delays for months.…
On Wednesday, a parliamentary committee in South Korea voted to recommend amending a law – a key step in banning Google and Apple from forcibly charging software developers commissions on in-app purchases. The development marks the first such step by a major economy. The amendment will come to a final vote in parliament. Both US…
In a statement Group14 Technologies said, it has entered into a battery materials supply agreement with Europe’s InoBat under a partnership to manufacture high-energy density cells for electric vehicles. Demand for high-capacity, lithium-silicon batteries has increased as manufacturers shift to electric vehicles to tap a rapid transition to cleaner sources of energy. InoBat, established in…
In a statement Facebook’s Instagram said, it will launch advertising on its Shop feature globally, in an aim to earn money from brands. Instagram Shop is a tab on the photo and video sharing app that lets users browse items such as clothes and beauty products and even purchase the items directly from within the…
In a statement McDonald’s Corp said, it is promoting its U.S. marketing chief in an attempt to increase traction with younger customers through digital sales. McDonald’s Corp has promoted Morgan Flatley, who helped launch McDonald’s “Famous Orders” campaign with pop stars including South Korean boy band BTS and rapper Saweetie, will now become its global…
In a statement Canada’s e-commerce giant Shopify Inc said, it has partnered with China’s TikTok to work on a feature that would let shoppers buy directly from the social media app. As a result, Shopify merchants who also have TikTok business accounts would be able to add a shopping tab to their profiles, said the company…
Regulators in South Korea are likely to effectively stop Google and Apple from charging software developers to pay them commissions on in-app purchases by preventing the tech giants from requiring developers to use their payment systems. If this regulations is implemented it would be the first time that such an actions would be taken on…
On her first visit to Asia, United States Vice President Kamala Harris discussed supply shortages of essential items with company executives in Singapore on Tuesday. The supply side disruptions has caused concern for the Biden administration and cased unwanted inflation especially in the case of raw materials. During the Covid-19 pandemic, serious challenges in obtaining…
Following reports during the weekend of possible acquisition bids by private equity firms for the second largest British supermarket chain Sainsbury’s could exceed more than 7 billion pounds ($9.6 billion), stock price of the chain surged by more than 14 per cent on Monday. According to reports on Sunday, acquisition bids for Sainsbury’s were placed…
Economic recovery of the United Kingdom was hit this month because of shortages of staff and supply, showed a closely watched survey. The IHS Markit/CIPS Composite Purchasing Managers’ Index (PMI) dropped to a six-month low for August at 55.3, compared to 59.2 in the previous month. Numbers over 50 is indicative of growth while less…
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