With easing of pandemic induced restrictions in recent months, more shoppers stepped out of their homes to visit the stores of Target Corp and purchased clothes and other school related essential products, helping the retailer to beat estimates of analysts for same-store sales for the quarter. However there was a decline in online sale of…
On Wednesday, in a statement T-Mobile US Inc said, following an investigation into a cyberattack on its systems it has found that personal data of around 7.8 million of its current postpaid customers have been compromised. T-Mobile US was made aware of the attack late last week following a claim in an online forum that personal…
On Wednesday, Chinese tech giant Baidu said, it has started mass-producing its second-generation Kunlun artificial intelligence (AI) chips, as it races to become a major player in the chip industry with Beijing’s backing. In a statement Baidu said, the second-generation Kunlun AI chips, using 7 nm process technology, produced computational speeds of two-to-three times faster…
In a statement U.S. drugs regulator and a federal agency said, a cybersecurity vulnerability in a software designed by BlackBerry Ltd could put medical equipment and cars at heightened risks and expose highly sensitive systems to attackers. This warning comes in the wake of BlackBerry disclosing that its QNX Real Time Operating System (QNX RTOS) has…
In June and July, solar power supply in the European Union jumped to a record high in 2021, and accounted for 10% of the total electricity produced in the region, reads a report by independent climate think-tank Ember on Wednesday. The EU generated around 39 terawatt hours (TWh) of solar power, up from 10.9 TWh…
In a statement, Aerospace startup Boom Supersonic said, it hopes to resurrect supersonic commercial air travel across the Atlantic, which was last seen when British Airways and Air France flew the SST Concorde in the 1970s. Boom Supersonic is aiming to fly 65 passengers from New York to London in little more than three-and-one-half hours,…
On Tuesday, in a statement LG Display Co Ltd said, it plans on investing $2.83 billion (3.3 trillion won) in small- to mid-size organic light-emitting diode (OLED) panel facilities. In a regulatory filing it said it will start making the investment starting this month until March 2024. ($1 = 1,164.8800 won)
With the Taliban, a terrorist group, taking over control of Afghanistan, large US tech companies face social media content challenges after the terrorist group created large content for media dissemination. On Monday, Facebook confirmed that it continues to designate the Taliban as a terrorist organization and has banned content supporting it on its platforms. Taliban…
In the first of the current year, there was more than doubling of value of orders on its platform, said the Food delivery company Deliveroo, as the company also said it did not experience any material impact of the reopening of restaurants in its biggest market, Britain, during the second quarter with the easing of…
The German sporting goods company Adidas’ strategy of completely focusing on its core brand will see it selling off its Reebok brand to Authentic Brands Group for up to 2.1 billion euros, ending an acquisition that was not successful. Reebok was acquired by Adidas in 2006 for $3.8 billion as part of its efforts to…
