Amazon.com Inc. announced that it would end its paid time-off (PTO) policy for front-line employees who test positive for COVID-19 starting on May 2. The giant retailer cited that US-based workers with coronavirus will get up to five days of excused but unpaid leave. This statement came from a notice sent on Saturday. The company …
Apple Inc on Thursday forecast more significant supply problems as COVID-19 lockdowns weighed on handset production and demand in China. The firm’s Chief Financial Officer Luca Maestri warned that the war in Ukraine would cut sales more deeply in the fiscal third quarter. In addition, the ongoing geopolitical crisis initially led the iPhone maker to …
Apple warns $8.00 billion loss from supply problems Read More »
Pinterest Inc.’s first-quarter revenue and profit outpaced market estimates on Wednesday, mainly driven by higher ad spending by businesses. The image-sharing platform posted earnings of $0.10 per share, surpassing the market estimate of $0.04. Consequently, its revenue came in at $575.00 million, well above the $573.00 million expected. However, Pinterest mentioned that its global monthly …
Pinterest records solid quarter on ad spending boost Read More »
Netflix Inc. announced on late Tuesday a multi-year deal with Japan’s Studio Colorido. The move came as the American tech company ramps up its anime offering and looks to extend growth for Asia. The world’s leading streaming giant will co-producing three feature films with the animation studio. This partnership includes the creation of “Drifting Home”, …
Netflix teams with Studio Colorido to boost anime push Read More »
Twitter Inc.’s board has accepted the $44.00 billion buyout offer from Tesla CEO Elon Musk, taking the platform private. Accordingly, the acquisition is a groundbreaking moment for the 16-year-old company. The microblogging site emerged as one of the world’s most influential public squares. Meanwhile, in the previous years, Musk has criticized the moderation of the …
Self-driving start-up Pony.ai announced on Sunday that it gained a taxi license, the first of its kind in China. The permit allows the firm to operate 100 self-driving cars as traditional taxis in the Nansha district of Guangzhou. According to the company’s statement, it will start charging fares in 800 square km of the district …
Pony.ai grabs self-driving taxi license in China Read More »
Warner Bros. Discovery said on Thursday that it would shut down its CNN plus streaming news service a month after its launch. The mass media explained that its customers would be best served with a simpler streaming choice. The news service, which sought to capitalize on the growth of digital news subscriptions, will cease operations …
On Thursday, Amazon.com, Inc. allowed other online merchants to use its Prime service to deliver goods quickly to their customers. The e-commerce giant launched a new service named Buy with Prime. This feature lets third-party merchants use the firm’s vast shipping and logistics network to fulfill orders on their own sites. These websites could put …
Amazon expands Prime delivery service to other retailers Read More »
Two former Deliveroo managers will pay a fine of $32,380 after it lost a court challenge in France over the freelancer status of riders. The British food delivery giant will also need to comply with the maximum penalty of $406,247. In addition, the Paris court ordered the company to publish the ruling on the platform …
The demand for electric vehicles (EVs) remained robust despite the escalating costs of batteries. Accordingly, lithium battery cells rocketed to $160.00 per kilowatt-hour in the first quarter, above the $105.00 last year. This upward movement mirrors the fastest pace in years. In addition, it further fueled fears about long-term battery metals shortages. The price increase …
EV demand stays strong despite soaring battery costs Read More »
Didi Global Inc. announced that it would hold an extraordinary general meeting (EGM) on May 23 to vote on its US delisting plans. The Chinese ride-hailing giant also mentioned that it would pause floating its shares on any other stock exchange. It emphasized that it would prioritize first the delisting of its American Depositary Shares …
On Friday, reports revealed that Apple Inc. had started widespread internal testing of new Mac models with M2 chips. The iPhone maker currently examines nine Mac models with the next-generation chips with third-party apps in its App Store. The firm will also check a Mac mini with an M1 Pro chip. The processor uses the …
Tencent Holdings Ltd. said on Thursday that it would close a service that allowed Chinese users to access overseas platforms to play unapproved foreign games. The move reflects tightening compliance as Beijing regulators scrutinize the industry closely. China’s largest social and gaming firm will update its speed booster in mobile and desktop apps to new …
Tencent to cease access to unapproved foreign games Read More »
Reports revealed that CNN Plus grappled to gain viewers from the two weeks into its existence. The media company drew less than 10,000 daily users. The subscription news streaming service started on March 29. It charges $5.99 a month or $59.99 annually, becoming available on Roku on Monday. However, it is still not available on …
CNN Plus on a rough start, posting less than 10K users Read More »
On Tuesday, Honda Motor Company stated plans to invest $64.00 billion in research and development over the next decade. Additionally, the Japanese automobile manufacturer said it would spend another $40.00 billion on electrification. This expenditure includes building its own architecture and exploring new growth opportunities in the sector. At the same time, it will fund …
Honda to pump $64B on R&D to push electric ambitions Read More »
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