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 ›
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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 ›
70% Vaccination Target To Be Achieved By End Summer, Says EU
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 ›
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 ›
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 ›
$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 ›
Production And Sale Of Passat In US To Be Ended By VW To Focus On SUVs
German car maker group Volkswagen AG will end all sales and production of the Passat sedan in the United States starting next year, the company said on Monday. Analysts see this move by the company as a part of its… Read More ›
Bitcoin Drops Below $30,000, Global Crypto Market Loses Nearly $90 Billion In 24 Hrs
The global cryptocurrency market saw almost $89 billion being wiped off in 24 hours on Tuesday, according to CoinMarketCap data, as the value of most digital coins being dragged down by bitcoin which dropped below $30,000 for the first time… Read More ›
Pakistan Implements Measures To Make Cryptocurrency Boom Under Regulation
There has been a boom in trading and mining cryptocurrency in recent times in Pakistan with thousands of views of relate videos on social media as well as transactions on online exchanges showing the growing interest in the country. The… Read More ›
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