HSBC has forecast a bright economic outlook as it reported better than expected profits. For the quarter from January-to-March, an income of $5.8bn was reported by the largest bank of Europe in terms of assets which was higher than the $3.2bn reported by the company in the same period a year ago. Asia, the region…
Lyft’s autonomous vehicle business has been acquired by Toyota for over half a billion dollars in its efforts to speed up and achieve its target of developing self-driving vehicles. Announcing the $550 million acquisition, the two companies said on Tuesday that the deal will allow them to create a “dream team” of about 1,200 researchers…
Since the banning of the very popular Chinese owned short video sharing app TikTok in India in June last year, about 97 per cent of the app’s user base in the country have been brought onto their platforms by Indian short-video making apps such as Josh, Moj, MX Takatak and Roposo. A report noted that…
The global shortage of semiconductor chips will last for the better part of the current year, said the chief of the networking giant Cisco. The global chip shortage has caused production delays in many companies. The shortage was triggered by a sudden rise in demand for electronic goods as people were forced back home during…
On the occasion of the first anniversary of the COVAX dose-sharing facility, the head of the World Health Organization (WHO) said that the Covid-19 vaccines have remained out of the reach of the poorest countries of the world. Inequities in vaccine distribution have been repeatedly denounced by the WHO director-general Tedros Adhanom Ghebreyesus and gave…
A study by British researchers has found that the risk of Covid-19 infection in adults of all ages is drastically reduced by a single dose of Oxford-AstraZeneca or Pfizer-BioNTech’s Covid-19 vaccine. More than 1.6 million nose and throat swabs taken from 373,402 people between December and April were analysed in two studies released on Friday.…
It could take just a few more years for the advent of mew technology that will allow doctors to track your vital signs through an electronic skin that will be worn on the body. An ultra-thin, lightweight e-skin that can be stuck to the chest area using water spray could be worn for a week…
A low cost brand that has gained significant popularity in the Chinese market last year will be used by the United States based auto giant General Motors to launch a miniature electric convertible through its joint venture in the largest auto market in the world. According to a release issued by General Motors, mass production…
There was an increase of demand with increasing produce prices prompted Bayer to say that the prospects for its agriculture business have brightened during the first quarter. Bayer is the largest supplier of seeds and pesticides in the world. “In the agriculture business, in particular, we see a market environment that gives us an increasingly…
The electric car makers of China are getting ready to expand into Europe following the growth in the largest auto market of the world last year. In the last few years, restrictions on full foreign ownership of local automobile production have been reduced significantly by Chinese authorities. However the government had also started preparing development…
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