On Thursday, South Korea’s LG Energy Solution and Hyundai Motor Group said, they plan on setting up a joint venture (JV) in Indonesia which will produce batteries for electric vehicles (EV) and plan on investing $1.1 billion each, with both… Read More ›
In the first half of this year, although car production in Britain has risen by nearly a third from last year’s slump, volumes are however down on the five-year average with the coronavirus-induced COVID-19 pandemic continuing to cause staffing and… Read More ›
According to a source familiar with the matter at hand, SoftBank is selling around 45 million shares of its holdings in Uber Technologies Inc. With the news reaching the market, Uber’s shares tread downwards by 4.6% to $44 in extended… Read More ›
Production of iPhones is likely to be affected by the global chip shortage, said Apple Inc on Thursday, while saying that sale of its Macs and iPads have been hit by the shortage. The company also forecast slower revenue growth… Read More ›
A boom in demand for its cloud services more than adequately offset a decline in sale of its PCs because of the global chip shortage helped Microsoft Corp to post its most profitable quarter on Tuesday as it comfortably beat… Read More ›
On Wednesday, in a statement Adecco Group said, it has agreed to acquire AKKA Technologies for $2.4 billion (2 billion euros) and merge it with its own Modis tech brand. The acquisition’s synergy stems from the fact that AKKA’s its… Read More ›
Riding on the back with a boost in domestic spending, which has bounced back to close to pre-pandemic levels, and with international travel on the road to recovery with increased vaccinations across the globe, Visa Inc announced its quarterly profits which… Read More ›
In a significant development U.S. President Joe Biden warned that Washington could end in a “real shooting war” with a “major power” in the event of a significant cyberattack on the United States. The warning comes in the wake of… Read More ›
Even in the face of a global shortage of semiconductor chips for the auto industry and a delivery delays because of congestion at ports hitting its production, a surge in profits for the latest completed quarter was reported by the… Read More ›
At least 70 per cent of the adult population of the European Union will get vaccinated by the end of summer as previously announced by the bloc since that very percentage of EU residents 18 years or older have received… Read More ›
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