Philips shares fell more than 11 per cent on Wednesday morning after the Dutch health technology giant raised the cost of its major ventilator recall and warned that worldwide supply chain constraints would hurt earnings. As it continued to struggle for memory chips and other supplies, the hospital equipment and personal health device supplier said it…
An assertive driving mode has been added to Tesla’s automatic driver assist technology. The setting will drive more closely behind other vehicles, change lanes more frequently, avoid leaving the overtaking lane, and conduct rolling stops. Human driver behavior like this is frequently criticized by safety organizations. One automotive safety expert, however, believes that it is…
Reports of a new suspected Covid-19 mutation, termed “deltacron,” that is apparently considered to be a combination of characteristics of both the delta and omicron variants, are being questioned by global health experts, who believe that the so-called “strain” is more likely the consequence of a lab processing error. The probable new variety was discovered by a researcher in…
A “very tight” labor market and unchecked inflation could force the United States Federal Reserve to raise interest rates sooner than expected and begin decreasing its overall asset holdings as a second economic brake, policymakers at the US central bank said last month. The minutes from the Fed’s Dec. 14-15 policy meeting, which were released on…
Members of the Starlink satellite internet venture, which is backed by the billionaire entrepreneur Elon Musk, were informed by the company that it had been directed by the Indian government to refund all its pre-orders from the country till such time that a license to operate in the country is granted to it. , “As…
Services and repair work for the once one of its king business smartphones that were proudly exhibited by executives, politicians and millions of its fans worldwide in the early 2000s is being finally brought to an end by BlackBerry Ltd. This announcement heralded the end of an era as the concept of email and the…
A growth of 12.1 per cent in the global sale of cars of South Korea’s Hyundai Motor Co and affiliate Kia Corp would be registered by the companies in the current year, the two companies said in a statement on Monday. The companies however said that a global shortage of semiconductor chips used in cars…
Elon Musk has denied that his Starlink satellite broadband project takes up too much room in space. According to the Financial Times, “tens of billions” of satellites can be hosted in orbits close to Earth. After the president of the European Space Agency (ESA) said that Musk was “setting the rules” for the nascent commercial…
The first phase of its acquisition of Intel Corp’s NAND flash memory chip business has been completed by SK Hynix Inc, the South Korean company said. The company has already obtained regulatory approval for the deal from regulators in eight countries including from China. According to the deal, against the first phase of the acquisition,…
China has protested that its space station was compelled to avert collisions with satellites launched by Elon Musk’s Starlink Internet Services project, prompting a backlash on social media. Beijing said that the country’s space station had two “close encounters” with Starlink satellites this year. The instances that prompted the allegations to the United Nations’ space agency…
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