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…
Xiaomi Corp has filed a complaint in a district court in Washington against the U.S. Treasury and Defense Departments, in an attempt to wiggle out of the U.S. Entity list. The Trump Administration has added select Chinese companies to a trade black list after its assessment that they are either owned or controlled or have…
Millions of users of the messaging service WhatsApp have adopted alternative services such as Signal and Telegram because of a update to the app’s terms of service that was arguably poorly explained by the company. The magnitude of exodus of users has forced the Facebook owned company to postpone the implementation of the new…
An apparent fight between private and professional investors resulted in the shares of an almost failed company, the United States based games company Gamestop, rising by as much as 300 per cent within week last week. In a world that is moving online, the video games bricks and mortar retailer Gamestop is arguably something of…
The United States based office sharing firm WeWork is currently working to get listed and is talking to do that through a merger with a special purpose acquisition company (SPAC)m said reports quoting sources. The company currently owned by the Japanese conglomerate SoftBank is also reported to be exploring avenues to raise funds from private…
Polarisation and misinformation on social media was severely criticised by the Chief Executive Officer of Apple Inc, Tim Cook this week. According to analysts, his comments added fuel to an already intense confrontation between the iPhone maker and the largest social media platform of the world Facebook. According to Cook, several apps were liable to…
