Royal Dutch Shell has already embarked on a strategy to shift its core business from oil and gas to low-carbon energy and as a part of that plan the company will be culling jobs of about 9,000 people – which is about 10 per cent of the company’s workforce, the company announced. These layoffs will…
A simple wave of the hand can now be used for making payment, according to an announcement by Amazon about its new payment system targeted for real-world shops. The new payment system is called Amazon One and it uses a scanner that cans and registers an image of the user’s palm. That is used later…
Tesco, the largest retailer of the United Kingdom, wants to be able to sell at least four time more meat alternative protein by 2025 as it does now with a growth in demand for vegan products, the company said. As a part of a sustainability drive, a 300 per cent growth in sales compared with…
With Chinese tech companies increasingly coming under heightened scrutiny in the United States, the Chinese online media firm Sina Corp. has decided to exit Wall Street after being listed there for 20 years. Sina said in a statement that in a deal that values the company at $2.6 billion, the company, which is head quartered…
The decision of China’s Ping An Asset Management of increasing its stake in struggling British lender HSBC has provided a much-needed vote of confidence. The Chinese investor is the largest one of the bank. This came at a time when the bank was caught in the cross hairs of rising diplomatic tensions between the United…
On Tuesday, according to a report from the Mint newspaper which cites sources familiar with the matter at hand, Walmart Inc is in talks with India’s Tata Group for a potential investment of up to $25 billion in its new “super app”. The new “super app could be launched as a joint venture between Tata…
McAfee Corp has filed for a U.S. initial public offering (IPO). The cyber security firm however did not disclose the size of its offering and set a placeholder amount of $100 million. According to its filing, McAfee will be listing its shares on the Nasdaq under the ticker symbol “MCFE”. The development comes at a…
Elon Musk, Tesla Inc’s CEO plans on listing his space internet venture, Starlink, in the years ahead when revenue growth is predictable and smooth. “Public market does *not* like erratic cash flow haha,” tweeted Musk. In 2019, Musk said Starlink was an important new revenue stream for Space Exploration Technologies, SpaceX. In February 2020, SpaceX’s…
On Monday, the robotics arm of Japanese conglomerate SoftBank stated, it will start using its food service robot developed by California-based Bear Robotics in Japanese restaurants as a means to tackle growing labor shortages faced by the country. Servi, the robot, comes with features which includes layers of trays and is equipped with Lidar sensors…
A non-profit group that has drawn up plans for advocating legal and regulatory action to challenge the practices for its App Store by Apple was joined by a number of critics of the iPhone maker which includes companies like Spotify Technology, Match Group Inc and “Fortnite” creator Epic Games. A commission of between 15 per…
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