There was a surge in demand from customer primarily in the United States as people took top the new menu items of the company, including cheeseburger and chicken taco pizzas, which helped Domino’s Pizza Inc to comfortable beat analysts’ estimates for revenue and profit for the second quarter. The strong performance of the company…
The maker of Mercedes-Benz vehicles Daimler AG expects the global shortage of semiconductor chips to hit the car sales of the company till the second half of the current year and even into the next year. However the auto company did not change its outlook for its profit margins for the current year. A global…
In a joint statement Amadeus and IBM said, the former will integrate IBM’s digital health pass into its Traveler ID platform. The move will simplify the verification of passengers’ health credentials during the boarding process, said the companies on Thursday. Ever since the pandemic began, the tourism industry, along with the aviation and tech sectors…
According to a report from Nikkei on Wednesday, Apple Inc will come out with its 5G-enabled iPhones in the first half of 2022. Cupertino will also revamp its budget handset after for the first time in two years. Apple will start selling a 5G version of iPhone SE in the first half of 2022, said the…
In a report the Telegraph said, British ministers have cut off funding to Britain’s biggest microchip factory following its sale to a Chinese-owned technology company. UK Research and Investment (UKRI) has suspended funding to Newport Wafer Fab following government instructions after it was sold to China’s Nexperia. Earlier this month, when asked whether the sale…
The Swiss multinational investment bank and financial services company UBS reported a 63 per cent surge in its net profits for the second quarter as it comfortably beat analysts’ expectations with buoyant markets continued to aid the company to generate higher earnings from managing money for the super wealthy, said the largest wealth manager of…
With competition increasing in the videoconferencing sector Zoom Video Communications Inc announced a $14.7 billion all-stock deal to acquire Five9 Inc, a cloud-based call center operator, its largest-ever acquisition. With the Coronavirus-induced COVID-19 pandemic resulting in the closures of schools and businesses, Zoom has become a household name and an investor favorite this year with…
Fakespot, a well-known app that is used for detecting fake product reviews, has been removed from its App Store by Apple following complaints from Amazon about the app providing misleading information to users while also presenting potential security risks. The credibility of an Amazon listing’s reviews is analysed by Fakespot’s app after which the app…
Global oil prices have clime dot a two and half year high as demand rise with the reopening of economies from the Covid-19 pandemic closures which has prompted the OPEC+ ministers to agree to increase oil supply from August so that prices come down. The crucial agreement between the OPEC countries and allies like Russia,…
In a statement UK-based cybersecurity firm Avast Plc said, it was in advanced talks over a potential merger with NortonLifeLock Inc. If the negotiations are a success, it will result in a cash-and-share deal, said Avast. The company however cautioned thar there is no certainty that a deal will be agreed. Late on Wednesday, NortonLifeLock…
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