A rate hike and a surge in volume helped the United States based delivery firm FedEx Corp to reduce the cost of delivering e-commerce purchases to residential addresses which had increased significantly during the novel coronavirus pandemic, which resulted in the company reporting its profits almost doubling in the latest completed quarter. The share prices…
In a significant development, Politico has reported citing officials directly familiar with the matter at hand as saying hackers had gained access to computers in the U.S. Energy Department and National Nuclear Security Administration. The National Nuclear Security Administration manages the country’s nuclear weapons stockpile. In a statement it said it had evidence that hackers…
Going by the posting on a government contracting site, the U.S. Defense Department will soon commence soliciting proposals for a program to provide incentives to boost the production of chip in the country. Currently large American chip companies, including Nvidia Corp, Apple Inc, and Qualcomm Inc outsource the fabrication of semiconductors to companies such as…
In a significant development, Microsoft said it has detected a malicious version of software from SolarWinds and is investigating the cyber security incident. It is too early to say whether hackers used Microsoft systems to exploit and attack customers.
Even though the novel coronavirus pandemic has hammered the global luxury market, the luxury market in China has been “unstoppable” so far this year. Despite the pandemic, there would be a 48 per cent growth in the Chinese luxury market this year to about 346 billion yuan ($52.9 billion), according to a report released Wednesday…
Despite a surge in e-commerce sales during the novel coronavirus pandemic, Adidas will continue to make investments in brick-and-mortar stores, said the CEO of the German sportswear company, Kasper Rorsted, in a televiosn interview. “There’s no doubt that online has accelerated two to three years into the future … but I actually think if you…
In the latest sign of heightened government scrutiny over big technology companies, Beijing in a report News stated, China should consider imposing a digital tax on technology companies that hold vast amounts of user data. “Some third-party platform-like enterprises hold a large amount of users data, just like holding precious mineral mines,” said the state-backed…
In order to take advantage of the billions of dollars of investor cash that has caused a record-breaking rally in the tech IPOs in the United States so far this year, some of the tech companies of Europe are getting ready to hasten up plans for a public listing early next year. Even prior to…
On Wednesday, in a statement Zoom Video Communications Inc stated, it would expand its footprint in Singapore by opening a research and development centre; it also plans on hiring hundreds of engineers for its new office premise. Zoom also plans on doubling its data centre capacity in Singapore. It launched its first data centre in…
On Wednesday, hydrogen plane startup ZeroAvia stated it had secured $21.4 million in a funding round led by Bill Gates’ Breakthrough Energy Ventures to develop zero-emission commercial aircraft. The startup’s prototype hydrogen powered propeller plane has already completed 10 test flights. Its backers includes Amazon and energy giant Royal Dutch Shell. Hydrogen, which produces water…
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