The United States based electric car maker Tesla Inc would possibly launch a “Tesla Bot” humanoid robot prototype sometime next year, said the company’s Chief Executive Elon Musk. The robot will be designed specifically for undertaking dangerous, repetitive, or boring tasks that humans do not like to do. A range of jobs from attaching bolts…

Dutch insurer NN Group’s asset management arm will be purchased by Goldman Sachs in a deal worth about 1.7 billion euros ($1.98 billion), the bank said. This is the largest takeover by the United States based investment bank since 2018 when David Solomon became chief executive. According to analysts, this deal is a part of…

United States based Intel Corp announced its plans for sourcing subcomponents of its chips from external factories as a part of its turnaround strategy, new details of which were provided by the company earlier this week. The company plans to source chip components from suppliers including through partnerships with rival Taiwan Semiconductor Manufacturing Co (TSMC),…

Japans auto major Toyota Motor Corp has become the last major global auto company to cut down its production because of the global chip shortage as the company announced a cut in its global production of vehicles for September by as much as 40 per cent compared ot its previous target. The company has however…

Consumers in the United States stepped out of their home more with the lifting of Covid-19 pandemic related restrictions and into stores and were reported to make purchases of more clothes, travel gear and back-to-school merchandise, which drove Walmart Inc to increase it annual U.S. same-store sales forecast. The company also beat analysts’ estimates for…

Hackers have stolen personal data of more than 40 million former and prospective its customers, including information about social security numbers and driver’s license information, said T-Mobile US Inc on Wednesday, following revelation of the data after an investigation. Data from 7.8 million existing T-Mobile wireless customers was also among the data that was stolen.…

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…

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…

A decline in its revenue for the second quarter was reported by the United States based office-sharing startup WeWork with the emergence of the Delta variant of the coronavirus slowed down the recovery of the company in the first half of the year.   The on-going pandemic re-emergence in parts of the world brought down…