There was some scepticism among investors about the one-off benefits that were included in the quarterly results and about the high hopes after a year-long rally resulting in a drop in Microsoft’s shares despite the company easily beating quarterly sales and profit expectations of analysts. The Redmond, Washington company has become one of the most…
Even though the global coffee chain Starbucks Corp raised its annual forecast for revenues as well as profits based on its assumption that the vaccine roll out program across the world will help many consumers to return to its stores, there was 2 per cent drop in the shares of the company as it missed…
With the sanctions imposed by the United States hit the business, the Chinese tech giant Huawei reported a sharp drop in its revenues for the first quarter. According to unaudited financial results revealed by the company, in the three months ending March 31, there was a 16.5 per cent year on year drop in the…
HSBC has forecast a bright economic outlook as it reported better than expected profits. For the quarter from January-to-March, an income of $5.8bn was reported by the largest bank of Europe in terms of assets which was higher than the $3.2bn reported by the company in the same period a year ago. Asia, the region…
Amazon is now targeting what it calls older kids with a brand-new lineup of its Fire Kids tablets which have been very popular younger users for long. On Tuesday, the company announced that its new Fire Kids Pro tablet will now be targeted for users aged 6 to 12 years while the Fire Kids’ existing…
Lyft’s autonomous vehicle business has been acquired by Toyota for over half a billion dollars in its efforts to speed up and achieve its target of developing self-driving vehicles. Announcing the $550 million acquisition, the two companies said on Tuesday that the deal will allow them to create a “dream team” of about 1,200 researchers…
The global shortage of semiconductor chips will last for the better part of the current year, said the chief of the networking giant Cisco. The global chip shortage has caused production delays in many companies. The shortage was triggered by a sudden rise in demand for electronic goods as people were forced back home during…
On the occasion of the first anniversary of the COVAX dose-sharing facility, the head of the World Health Organization (WHO) said that the Covid-19 vaccines have remained out of the reach of the poorest countries of the world. Inequities in vaccine distribution have been repeatedly denounced by the WHO director-general Tedros Adhanom Ghebreyesus and gave…
A study by British researchers has found that the risk of Covid-19 infection in adults of all ages is drastically reduced by a single dose of Oxford-AstraZeneca or Pfizer-BioNTech’s Covid-19 vaccine. More than 1.6 million nose and throat swabs taken from 373,402 people between December and April were analysed in two studies released on Friday.…
It could take just a few more years for the advent of mew technology that will allow doctors to track your vital signs through an electronic skin that will be worn on the body. An ultra-thin, lightweight e-skin that can be stuck to the chest area using water spray could be worn for a week…
