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…
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…
As the Omicron variant spreads swiftly, the Netherlands went into lockdown on Sunday, and the threat of more Covid-19 limitations being enforced ahead of the Christmas and New Year vacations loomed over numerous European countries. In the United States, White House medical adviser Dr. Anthony Fauci advised people visiting loved ones to receive booster vaccinations…
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…
Alibaba, largest e-commerce company of China, told its investors that international e-commerce would be its main emphasis going forward as the company looks to develop new avenues of revenues following a challenging year in its home market. Alibaba Group Holding Ltd restructured its e-commerce business earlier this month abd created a separate China and international…
The mother company of the social media network Facebook, Meta Platforms Inc, was responsible for the $60 million plan to acquire the trademark assets of U.S. regional bank Meta Financial Group, according to the representatives of the companies. The agreement demonstrates how significant the Meta moniker has become for the IT behemoth. Meta is…
Israel conducted a ten-country simulation of a significant cyberattack on the global financial system on Thursday, in an effort to enhance collaboration that might help limit any possible harm to financial markets and institutions. The simulated “war game,” as Israel’s Finance Ministry dubbed it and which had been planned for over a year, unfolded over…
As the use of digital currencies gathers traction, Visa Inc, the largest payment processing company of the world, launched a worldwide crypto advisory service for its financial customers and businesses on Wednesday. According to the company, the move is intended at financial institutions wanting to recruit or keep consumers with crypto services, shops interested in…
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