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 ›
Economy & Finance
Following Record Quarterly Profit, Microsoft Forecasts Steady Cloud Revenue Growth
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 ›
US could end up in a war in case of a major cyberattack: U.S. President Joe Biden
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 ›
Record Car Deliveries Propels Tesla’s Profits For Second Quarter
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 ›
Cryptocurrencies Surge After Amazon Put Out Bitcoin Job Advertisement
Following the revelation of that the e-retailer Amazon.com about it hiring an expert in the field of cryptocurrencies, the value of some cryptocurrencies surged. The company put out an advertisement for a “digital currency and blockchain product lead” to look… Read More ›
Najib Mikati set to become Lebanon’s Prime Minister
On Monday, Lebanon’s former premier Najib Mikati, a wealthy businessman, is poised to be the country’s designated Prime Minister after winning the support of most major parties to form a new government. The development comes at a time when Beirut… Read More ›
Mercedes-Benz Gets Ready To Rival Tesla In All-Electric Vehicles Segment
Investments of more than 40 billion euros ($47 billion) by 2030 is being planned by the Mercedes-Benz maker Daimler to prepare itself for development of electric vehicles (EV) to take on the United States based market leader Tesla, the company… Read More ›
New Report Predicts Loss Of Bank Market Share In Some Areas In Q2 For Deutsche Bank
The market share of the investing unit of Germany’s biggest lender, Deutsche Bank, dwindled across an array of key services during the second quarter, according to data available from Dealogic, which highlighted the fragile recovery at the bank. At the… Read More ›
Bioguard proves an effective weapon against the spread of COVID-19
The outbreak of the COVID-19 pandemic in 2019 led to viral misinformation spreading online regarding the safety of banknote use and the danger of handling cash. Both the Dutch bank DNB and the Bank of England have since highlighted the… Read More ›
$50m Reportedly Demanded By Hackers From Saudi Aramco Over Data Leak
Company data from one of the contractors of Saudi Aramco, the most valuable oil producer of the world, was leaked, the Saudi oil giant has confirmed. Such leaked data is now reportedly being used for an attempted extortion of $50milion… Read More ›
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