While indicating that the tech giants Google and Facebook would be spared an in-depth investigation over allegations of the companies unfairly dominating the online advertising market, Britain’s competition regulator stressed on the need for stricter regulations for such tech companies to prevent any negative consequences of the market dominance of the companies. The Competition and…
Following comments from the United States airline regulator the Federal Aviation Administration (FAA) that there is no deadline for the returning into service of Boeing’s 737 Max planes, globally grounded since March this year, the suppliers, customers and financers of the US plane maker are anticipating a complete freeze on production of 737 planes by…
The climate crisis could get accelerated instead of it being addressed because of the plan of the European Union to transform the block’s coal plants, which includes the giant Drax complex in North Yorkshire, and generate power by burning wood pellets instead could. Campaigners and scientists warn that this could lead to rapid deforestation equal…
The aim of the OPEC and allied oil producers to increase global crude prices by reducing output as unveiled last week could fail. According to the International Energy Agency, a global supply glut will potentially be prevented by the increased production cuts as agreed to by the oil cartel and other major producers including Russia.…
The annual tech summit organized by the leading chipmaker of the world – United States based Qualcomm saw the company unveiled two new 5G mobile platforms along with the first 5G-supported extended reality platform of the world. The flagship Snapdragon 865 and the mid-tier Snapdragon 765/765G – the two new 5G Snapdragon mobile platforms were…
By 2030, the majority, if not all, of its Cadillac cars and SUVs that the United States auto giant General Motors would be selling all over the world would be completely electrically powered, a company executive told the media. Based on market demand, the current models of internal combustion engines will be phased out by…
The drop in revenues and profits in the traditional licensing business of Oracle Corp was not offset by the growth in its cloud services business as the company report worse than expected and short of its estimates for the most recently ended quarter, the company said on Thursday. Additionally, the chairman of the company said…
The fast growth of the food delivery market in Asia is attracting reorganization of the market players and attracting foreign companies to set foot in the market. This was the reason that the Germany’s Delivery Hero decided to acquire the top food delivery app operator of South Korea – Woowa Brothers, in a deal worth…
Australia’s Qantas Airways chose to purchase aircraft from the European plane maker Airbus SE instead of its United States based rival plane maker Boeing Co for supplying of jets for the longest commercial flights of the world to be operated by the airline from Sydney to London. This is the latest hiccup to Boeing that…
Analysts say that in terms of launching of a coffee-cola beverage and bringing it into the United States market, it is likely that rival Coca-Cola will be beaten by PepsiCo. The soft drinks giant Pepsi said that cans of Pepsi Café, that will weigh twelve-ounce each, will hit stores in the United States in April…
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