Until the Taiwanese company Wistron Corp takes care of the manner in which it treats its workers at its plant in the south Indian city of Bengaluru, its largest client iPhone maker Apple Inc will keep the Taiwanese company on provation and will not award any new contract manufacturer business to it. This was communicated…
A cyber attack that compromised a third-party software vendor’s systems rattled the United States government this week which resulted in data breaches at a number of federal agencies, including the Department of Commerce, the Department of Energy and the Department of Homeland Security’s cyber unit. But many of the biggest companies in the country have…
The Covid-19 vaccine developed by the pharma company Moderna has been granted approval by the United States government which makes it the second vaccine against the pandemic ot be given the green signal in the country. That now clears the way for the company to release millions of doses of the vaccine. It was a…
A number of violations by Taiwanese firm and Apple supplier Wistron and its vendors were found in a preliminary investigation by an Indian labour office into the violence last weekend at the factory of the company in the Southern Indian city of Bengaluru, India, said reports quoting sources. Workers at the factory, angry at…
The video conferencing app that shot to global prominence, market valuation and the number of users during the novel coronavirus pandemic, has decided to present its users a holiday gift. The company said that the 40 minute limit for free subscribers using the video conferencing facility would be lifted for this holiday season which will…
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…
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…
All Facebook users in the United Kingdom will be moved by the social media giant into user agreements with the corporate headquarters of the company in California instead of the current user agreement that they have with the European headquarters of the company in Ireland which effectively will put them out of the purview of…
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…
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