Higher costs of raw materials is likely to bring down its margins this year, warned Reckitt Benckiser Group, just like a number of other top consumer goods companies, which sent its shares down by 9 per cent on Tuesday. The company also reported a slowdown in growth in demand for its products such as Lysol…
An offer of covering of up to $2 billion in costs for NASA was made by Amazon.com’s founder and billionaire Jeff Bezos after his recent trip to space in the spaceship developed by his own space exploration company Blue Origin. The offer was made with the condition of NASA offering a contract to make a…
On Tuesday, in a statement scotch whisky maker Glenfiddich said, it has started to convert its delivery trucks to run on low-emission biogas made from waste products from its own whisky distilling process as part of a “closed loop” sustainability initiative. The company has installed fueling stations at its Dufftown distillery in north-eastern Scotland using…
The first vaccine in the world for malaria, based on mRNA technology, is planned to be developed by BioNTech – building on its successful development of Covid-19 vaccine. The company plans to begin clinical trials of the malarial vaccine by the end of next year in its effort to completely eradicate the mosquito borne disease…
India’s Tata Motors Ltd, the owner of JLR brand, is anticipating an easing of global supply chain issues that started with the emergence of the Covid-19 pandemic with the rapid roll out of vaccines and forecast on Monday of its optimism to see an enhancement of performance of its business from the second half of…
In a development that marks Britain latest crackdown on crypto trading, the country’s Financial Conduct Authority (FCA) said, CoinBurp, a crypto broker, is not fully authorised to continue operations. The development comes at a time when CoinBurp planned on launching its $BURP token and initial exchange offering (ICO). CoinBurp could start business under its temporary…
In a statement U.S. Commerce Secretary Gina Raimondo said, the Biden Administration plans on spending $52 billion to mitigate issues revolving around the supply of semiconductors subject to the U.S Congress passing a bill funding such efforts.
A shortage of auto parts, including that of semiconductor chips for cars, has forced the Japanese automaker Toyota Motor Corp to stop production of vehicles since earlier this week at three of its manufacturing plants in Thailand, said the Japanese auto major Thursday. The auto company said in a statement that vehicle production at its…
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…
