On Monday, Japan’s Renesas Electronics Corp stated, it is in talks to acquire British-based Dialog Semiconductor in a deal that is likely to bolster its automotive chip business and value it around $6 billion. Under the terms of the potential deal, Renesas would pay 67.50 euros a share for Frankfurt-listed Dialog, said Renesas in a…
Only limited protection against mild disease caused by the South African variant of the novel coronavirus was exhibited by the Cvoid-19 vaccine developed by AstraZeneca and the University of Oxford, said a spokesman for the British drug maker. This statement from the firm was issued following a report published in the Financial Times where it…
Nvidia’s $40 billion acquisition of Arm Holdings has been objected by Microsoft-backed Graphcore, according ot reports quoting a crucial member of the British chipmaker’s early development. Graphcore has opposed the deal in a “major submission” to the U.K.’s Competition and Markets Authority, said Hermann Hauser, who had helped to create Arm in 1990, in a…
After having gained about 200 million subscribers, and cementing its position as the leader in the streaming video industry, Netflix is now making a big push to grow further in its fastest-growing region – Asia. In 2020, 9.3 million paid subscribers were added in Asia Pacific which was 65 per cent more than in the…
An advert of a businessman designed to encourage black and Asian people to get the Covid-19 vaccine was rejected by Facebook for which the social media company has apologised. The aim of placing the advert by Wilfred Emmanuel-Jones was raising awareness about the importance of being vaccinated and the content contained a picture of him…
A new regulatory filing from China’s State Administration for Market Regulation shows that the United States based electric car maker Tesla has extended a significant recall of its vehicles in its home market to China. The company which was founded by billionaire Elon Musk will be recalling as many as 36,126 Model S and Model…
In a development that underscores Amazon.com Inc’s push towards reducing its carbon footprint, the world’s biggest e-commerce retailer has ordered more than 1,000 truck engines that run on compressed natural gas, marking its latest shift away from heavy polluting trucks. In 2020, as a result of the coronavirus induced pandemic, there has been a surge…
The antiviral drug, remdesivir was a huge hit as a treatment for the seriously ill during the Covid-19 pandemic the world over, which drove the performance of its maker Gilead Sciences Inc to report a 26 per cent rise in its revenues for the fourth quarter of 2020 which was well above the estimates of…
On Friday, in a world first Google launched a paid news platform in Australia after it struck content deals with publishers in a move aimed at complying with Canberra’s new legislation. Initially the News Showcase platform was slated for launch in June 2020, but Google delayed launching plans following Australia passing a new legislation which…
On Friday, the United States thanked Taiwan for helping to resolve an auto chip shortage that impacted production. Both countries reportedly did not discuss prioritising production of making these chips, said Taiwan Economy Minister Wang Mei-hua after a high-level meeting. Car factories across the globe have been significantly affected and have been forced to shutter…
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