The Indian pharma company Bharat Biotech got a further set back on Monday with respect to its hopes of being granted an emergency-use listing by the World Health Organization for the Covid-19 vaccine developed by it called Covxin as the… Read More ›
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Stock Shortages Could Last Well Into Next Year, Warns Ikea
The current disruption to the global supply chains is expected to last for at least another year, warned Ikea, the Swedish furniture behemoth. While there has been some improvement, according to CEO Jesper Brodin, there is still congestion at ports,… Read More ›
Despite Curbing November Production, Japan’s Toyota Holds On To Its Full-Year Target
The ongoing global chip shortage has forced Japan’s Toyota Motor Corp to reduce its planned global production output for November by as much as 15 per cent on Friday. The company however hinted that it would increase production in December… Read More ›
Study Finds 37% Recovering Covid-19 Patients Have At Least One Long-Term Symptom
A large study conducted by Oxford University and the National Institute for Health Research, which was made public on Wednesday, revealed that 37 per cent of the patients that were examined in the study were found to be suffering from… Read More ›
Analysts Predict Record Deliveries For Tesla For In The Third Quarter Despite Component Supply Issues
On Tuesday, Wall Street analysts raised their forecasts for the quarterly car deliveries for the United States based electric car maker Tesla. One of the market research firms noted that the third quarter would be the best ever quarter for… Read More ›
EU’s Plans For Mandating Common Charger Port For All Devices Opposed By Apple
In the face of opposition from Apple, the European Commission has proposed using of a single charger connector for all mobile phones, tablets, and headphones. According to an 18-page guideline issued recently, a universal charger for all manufacturers “would benefit… Read More ›
All Cryptocurrency Transactions Declared Illegal In China
The Chinese central bank has effectively outlawed all digital currencies such as bitcoin as it declared this week that it would be illegal to be engaged in all cryptocurrency transactions. “Virtual currency-related business activities are illegal financial activities,” the People’s… Read More ›
Supply Chain Issues Can Hit Auto Firms By $210 Billion In 2021, Says A Forecast
According to Alixpartners, global automakers might lose $210 billion in sales in the current year because of due to supply chain interruptions, which was nearly double compared to an estimate issued by the organization earlier this year. In a recent… 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 ›
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