United States based aircraft maker Boeing Co is trying to regain investor confidence on its 737 Max planes after the two year global grounding of the planes as the company unveiled a new order for the planes that have be only recently been given permission to commercially fly again. The news propped up the shares…
The video streaming firm Netflix is testing a new feature that could disallow sharing of password between users as the company rolls out alerts to users to verify whether they are authorized to watch on the account. If they are able to prove their authorization, they would be able to keep watching, “This test is…
The global chip shortage that first hit the global auto industry is now getting into other sectors of the electronics business and chip maker Qualcomm Inc is current finding it hard to meet up the demand for its processor chips that are used in smartphones and gadgets, said reports quoting industry sources. A shortage of…
The public market debut of South Korea’s largest e-commerce company, Coupang Inc, reportedly generated roughly $33 billion gain on paper for Japan’s SoftBank Group Corp earlier this week. This marked a dramatic turnaround for the $100 billion Vision Fund of the conglomerate. Coupang raised S$4.6 billion in the US stock market’s biggest initial public offering…
LG Energy Solution is looking at building at least two new factories in the United States for making batteries and has made plans for making an investment of more than US$4.5 billion in the country for the purpose by 2025 which would result in the creation of about 4,000 new jobs, said an executive of…
As a part of the company’s strategy of a post-pandemic shift to flexible working patterns, the oil and energy major British Petroleum has told about 25,000 of its office based employees that they should get prepared to work from home for at least two days a week. This new hybrid model of working was introduced…
Athene Holding Ltd will be acquired by Apollo Global Management Inc in an all-stock deal worth $11 billion which will result in adding an annuities provider to Apollo that had helped the company to become one of the largest corporate credit investors of the world. Athene has been paying annuities provider to Apollo for over…
The first ever tweet on the social media platform is up for sale. This was stated by the company’s founder Jack Dorsey as he listed his famous post – “just setting up my twttr”, to be sold as a unique digital signature on a website for selling tweets as non-fungible tokens (NFTs). The offers for…
Following the attempt by the Indian government to pressurize Twitter to take down accounts it deemed incendiary, strict new rules for Facebook, Twitter and other social media platforms have been issued by the government. According to the new regulations, the government expects social media companies to create three new job profiles for their operation in…
Italy has reportedly blocked a shipment of the AstraZeneca-Oxford’s Cvoid-19 vaccine to Australia on Thursday marking the first intervention by the European Union into the supply of coronavirus vaccines, claimed a report by Reuters. Permission to ship around 250,000 doses of the vaccine from its Anagni, Italy, plant was made by the British pharma giant…
