With shoppers of beauty products flocking to shop from online sources during the coronavirus pandemic, the biggest cosmetics group of the world L’Oreal reported better than expected growth in revenues for the fourth quarter of the last year. The closure of airport duty-free shops and high street stores during the Covid-19 pandemic and the shift…
New labels to clearly identify more state-affiliated accounts, including the personal accounts of world’s leaders’ would be started by the social media platform Twitter from next week, the company said. The aim of this move is to provide greater clarity and context to users when they engage in any geopolitical conversation on the micro blogging…
Additional time is being sought by semiconductor companies to appeal against the last minute movers by the last-minute Trump administration of the United States to block sales to Chinese telecoms company Huawei. According to reports quoting sources, the companies are hopeful of a reversal of policy even though analysts see it unlikely that the new…
In a statement the Biden Administration announced that the U.S. Department of Energy will “offer $100 million in funding to support low-carbon energy technologies”; it will also create a working group to aid their development and sale. The announcement was made by National Climate Advisor Gina McCarthy at the White House’s first meeting of the…
Even though the Covid-19 vaccine development by AstraZeneca may not be the perfect one but it will have a big impact on the pandemic, predicted the company’s chief executiveas the company assured of taking up measures to double supplies of its vaccine to more than 200 million a month by the month of April. The…
In a statement Toyota Motor Corp said it will unveil two new electric vehicles which will go on sale in the United States midst growing push by the Biden administration to cut vehicle emissions. The announcement pushed up the Japanese automaker’s shares. Toyota also mentioned that it expects hybrid vehicles or electric vehicles to make…
In a statement the White House said, the Bidden Administration has not set a specific timetable for reviewing TikTok and other issues related to Chinese technology companies; further, the administration is also not undertaking any new proactive new steps now. The development marks a softening of U.S. approach towards China. According to two sources briefed…
According to a report from the Financial Times, in recent months, Microsoft Corp had approached Pinterest Inc for a potential acquisition. The social media company is worth at least $51 billion, said the report. Negotiations on the deal are not currently active, said FT in its report.
After reporting a record loss for the year 2020 with very few deliveries, the United States based aircraft maker Bowing started off the current year in a positive tome with it delivering 26 aircraft in January. This was driven by the clearance given to its 737 MAX jet to fly again by regulators in the…
The growth of the number of users during the pandemic will slowing down in the upcoming quarters, warned the social media company Twitter Inc as the company reported a 27 per cent growth in the number of users which missed estimates of Wall Street. The estimates of the market for its quarterly sales and profit…
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