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…
In a statement Amazon.com said, it will install AI-powered video cameras in its branded delivery vans in order to improve the safety of both drivers and the communities in which it delivers. Recently Amazon has started rolling out camera-based safety technology across its delivery fleet. “This technology will provide drivers real-time alerts to help them…
Daimler Truck, the largest maker of truck and bus in the world, will be spun off from its parent company, the German carmaker Daimler said on Wednesday. Analysts view this move by the German company to make itself more appealing to investors in its efforts to focus more on development and manufacturing of its electric…
A cannabinoids company is set to get listed at the London stock market for the first time. The company is backed by the footballer David Beckham and will be the first company of its kind to get formally publicly listed – the plans of which are slated to be announced this week. In an exclusive…
Amazon has been able to temporarily block a multibillion-dollar deal between two of India’s biggest retailers after a major legal victory in an Indian court. Following a complaint by Amazon last year, an agreement by Reliance Industries to purchase local rival Future Retail for $3.3 billion has been put on hold on an order from…
The Japanese electronics and media giant Sony Corp said that it was not being able to cater to the increased demand for the new PlayStation 5 caused by the Vodi-19 pandemic because of a global shortage of critical semiconductors while it raised the full year profit outlook by one third based on better demand. The…
In a statement, the U.S. Department of Labor said Alphabet Inc’s Google will spend $3.8 million, including $2.6 million in back pay, to settle allegations that it unfairly passed over women and Asians for job openings and underpaid women. The allegations stemmed from a routine compliance audit several years ago required by Google’s status as…
According to data, sales of semiconductors around the world has risen by 6.5% overall in 2020, with economic recovery during the last three months of the year helping to offset a sharp dropoff in March and April, when coronavirus-induced pandemic stay at home orders were issued by countries across the globe. The global sales of…
On Tuesday, Spotify Technology SA made its long-awaited debut in South Korea marking its entry into the sixth largest music market in the world. Spotify has a market presence in more than 90 countries and has entered into several new markets in the last two years including India, Middle East and Russia. It will have…
Billionaire investor Steve Cohen has deleted his Twitter account because of what he said were threats against him and his family, said his spokeswoman. He is seen by small investors as an enemy in the GameStop stock saga that happened earlier last week. “I’m going to take a break for now,” Cohen said on Twitter…
