BlackBerry Ltd reported its second quarter revenues which beat analysts’ estimate on the back of strong demand for its cybersecurity and Internet of Things software products. BlackBerry’s U.S.-listed shares rose by 9.1% to $10.43 in extended trading. Ahead of the… Read More ›
Strategy
Apple to pay up to $1000 bonus to store employees next month
According to a report from Bloomberg citing sources familiar with the matter, Apple Inc will pay one-time bonus of up to $1,000 to store employees next month. Apple will pay $1,000 to retail staff hired before March 31, while those who… Read More ›
Algeria closes airspace to Moroccan civil and military aircraft
In a statement, Algeria’s supreme security council said, it has decided to the country’s airspace to all Moroccan civil and military aircraft. The development comes less than a month after it cut diplomatic relations with the Kingdom. It went on… Read More ›
Food Spending In Asia To Double To Over $8 Trillion By 2030, Says Report
The region’s food spending will reach more than $8 trillion over the next ten years, up from $4 trillion in 2019. It will also become the largest food and beverage market in the world, according to the “Asia Food Challenge… Read More ›
NFT Fantasy Soccer Game Firm Sorare Raises $680M In Funding Round Led By SoftBank
Sorare, a blockchain-based fantasy soccer game, raised$680 million in a funding round that was led by Japan’s investing conglomerate SoftBank. Players who invested in the fantasy game firm included ex-England international Rio Ferdinand as well as Gerard Pique from Spain… Read More ›
Semiconductor Supply Will Stabilize But At Less Than Desired Levels, Says GM President
While providing hope that the current global supply shortage of semiconductors for the auto industry will stabilize, according to General Motors Co.’s president the rate of stabilization of supply will be at levels much lower than what the auto industry… Read More ›
Internal Government Dissent Over India’s Plans For Stricter E-Commerce Rules: Reuters
India’s plans to tighten regulations on its rapidly growing e-commerce market have run into internal government dissent. According to a report published by the news agency Reuters based on memos of the government seen by it, the Ministry of Finance… Read More ›
EU Plans Easing Of Insurance Rules To Provide 120B Euro Economic Boost
On Wednesday, the European Union proposed to change the capital rules of the bloc for insurers to release 120 billion euro ($141 billion) to repair an economy damaged by COVID. This will allow for climate goals and help policyholder protection… Read More ›
Pan American Health Organization selects Brazil and Argentina to produce mRNA vaccines for Latin America
In a statement the Pan American Health Organization (PAHO) said, it has selected two biomedical centers in Brazil and in Argentina to develop and produce mRNA-based vaccines to fight COVID-19 in Latin America. PAHO is the region’s health agency. The… Read More ›
Biden pledges $10 billion to fight hunger
In a statement to the United Nations General Assembly, U.S. President Joe Biden said, the United States will commit $10 billion toward ending hunger in in the United States and around the world. Nearly one in three people does not… Read More ›