A global outage affecting Microsoft products including email service Outlook and video game Minecraft has been resolved, the technology giant said in an update. The firm said preliminary investigations show the outage was caused by a cyber-attack and a failure to properly defend against it. Earlier, the company issued an apology for the incident, which…
Chinese electric vehicle (EV) manufacturer BYD is preparing to enter the Canadian automotive market, according to recent regulatory filings. This expansion comes at a time when Canada is considering imposing tariffs on vehicles imported from China, following similar actions by the United States and the European Union. In June, Canada indicated that it might impose…
Toyota Motor is expected to report another quarter of double-digit growth, driven by strong demand for hybrids, when it announces its earnings on Thursday. However, signs of slowing growth are emerging after a streak of record profits. Analysts will closely examine how much momentum the world’s top-selling automaker has lost from previous quarters, amid challenges…
Russia is contemplating the legalization of cryptocurrency for international payments as the country faces sustained financial pressure from Western sanctions. The State Duma, the lower house of the Russian Parliament, will review a law on Tuesday that permits international payments via cryptocurrencies, according to Elvira Nabiullina, the governor of Russia’s central bank. “Today, the State…
Spain’s anti-trust authority has imposed a substantial fine of €413.2 million ($448 million) on Booking.com for exploiting its dominant position in the market over the past five years. The National Commission on Markets and Competition (CNMC) announced on Tuesday that Booking.com, a subsidiary of the New York-listed Booking Holdings, would be penalized with two separate…
Walmart intends to invest up to $200 million in self-driving forklifts as part of larger initiatives to automate additional warehouse activities, according `to a report by Reuters quoting information from sources. The biggest retailer in the world wants pallets of merchandise moved by autonomous forklifts in its distribution centres so that Walmart shops are restocked.…
How much would it cost to have food delivered to your home from the restaurant of your choice? Due to the increasing popularity of delivery apps such as Grubhub, DoorDash, and Uber Eats in daily eating, third-party meal delivery is becoming the standard for American customers. Additionally, it presents a growingly complex equation including service…
Mercedes-Benz reduced its projection for yearly profit margin on Friday due to poor sales and profitability for the second quarter, but it still believes that new models will help it fight tough competition in China in the second half of the year. Lacklustre demand for electric vehicles (EVs), severe domestic rivalry in China, supply constraints,…
According to a report published on Friday in the Nikkei business daily, Toyota Motor of Japan intends to construct an electric vehicle battery facility in the southern prefecture of Fukuoka. The project will sell its batteries to a factory that produces premium Lexus brand automobiles. According to the publication, the top-selling carmaker in the world…
Over the coming weeks, as U.S. restaurants announce their quarterly results, a lot of attention will be paid to how well McDonald’s and other fast food companies do with their value meal launches. Rising menu costs have turned away diners, particularly those from lower-class backgrounds, and McDonald’s, Burger King, and other franchises have been fighting…
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