Chinese tech giants unveil AI chatbots to public post government approval
  Author: Mateen Dalal

As per the reports, four prominent Chinese tech companies, including Baidu Inc and SenseTime Group, have reportedly introduced their artificial intelligence chatbots to the public, after securing the necessary governme...

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Equinor & partners inaugurate world's largest floating wind farm in Norway
  Author: Mateen Dalal

Equinor, a Norwegian energy company, along with its collaborators, reportedly inaugurated the largest floating offshore wind farm situated in Norway. This significant achievement, unveiled on Wednesday, involves harnes...

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Foxconn plans for new $200 Mn components plant in Tamil Nadu
  Author: Mateen Dalal

According to reliable sources, a Foxconn subsidiary is currently in negotiations with Tamil Nadu to establish a new plant for electronic components in the southern region, with a projected investment of up to $200 mill...

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New AI Tools for Journalists explored by Google, suggest Reports
  Author: Mateen Dalal

According to a company spokesperson, Google is currently investigating the utilization of artificial intelligence tools to compose news articles. The tech giant is in discussions with various news organizations to pote...

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KLM unveils World Business Class Seats for optimal comfort & privacy
  Author: Nikita Chaurasia

KLM Royal Dutch Airlines has reportedly unveiled its latest World Business Class seats, designed to provide enhanced comfort and privacy. The World Business Class seats feature a ...

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India invites semiconductor manufacturers as PM Modi visits US
  Author: Mateen Dalal

The Indian Prime Minister Narendra Modi has reportedly extended an invitation to Micron Technology, a prominent American chip maker, to collaborate and enhance semiconductor manufacturing in India, as the country offer...

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Santechture to introduce breakthrough RCM solutions for KSA
  Author: Mateen Dalal

SANTECHTURE, a leading provider of intelligent technology solutions for revenue cycle management (RCM), reportedly introduced two groundbreaking products at the HealthTech Summit & Expo in Riyadh. The event, held f...

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DuPont to buy Spectrum Plastics, anticipates high ROIC by fifth year
  Author: Mateen Dalal

American chemical company DuPont de Nemours Inc. reportedly signed a definitive agreement to buy out Spectrum Plastics Group from AEA Investors, a U.S. based private equity firm. The acquisition will reinforce DuPont&r...

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Microsoft-Activision merger gets red signal from UK Government
  Author: Mateen Dalal

The Competition & Markets Authority (CMA) of the United Kingdom has reportedly prohibited the acquisition of American video game publisher Activision by Microsoft Corp., Washington headquartered tech giant. ...

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Seagate fined $300Mn by US for exporting tech to Chinese firm Huawei
  Author: Mateen Dalal

The U.S. Department of Commerce has reportedly imposed a USD 300 million penalty on American data storage company, Seagate Technology Holdings plc, for violating export controls. The firm was allegedly exporting hard d...

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Hyundai Motor Company & Advent sign JDA to develop fuel cell technology
  Author: Mateen Dalal

Hyundai Motor Company and Advent Technologies have entered into a joint development agreement, following the assessment of Advent’s Proprietary Membrane Electrode Assembly (MEA) technology. The evaluation was foc...

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Intellect chooses IHH Healthcare to devise mental health programs
  Author: Mateen Dalal

Intellect, a leading mental health platform located in Singapore, has reportedly announced a partnership with IHH Healthcare, which is Asia’s largest private healthcare group. The main objective of the partnership is to introduce and customi...

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Dyson compensates employees with onetime payment in absence of bonus
  Author: Mateen Dalal

Dyson, a British company renowned for its innovative vacuum cleaners, hair dryers and other products, is reportedly offering a majority of the staff at its Singapore headquarters a one-time payment, in recognition of t...

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Survey: Inflation to add over £18.2Bn to UK’s non-food retail sales
  Author: Mateen Dalal

Inflation is reportedly expected to add another £18.2 billion (US$22 billion) to the UK’s non-food related retail sales in 2023, claims a new survey. As per an E-comme...

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UK: Budget & basic items’ cost in supermarkets soar 20.3% in December
  Author: Mateen Dalal

Britishers who rely on the budget-friendly aisles of supermarkets reportedly saw the biggest increases in food prices in the months leading up to Christmas, significantly outpacing those for luxury as well as premium b...

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Australia expects supply chain pressure as Covid-19 spikes in China
  Author: Mateen Dalal

Australia reportedly anticipates a significant impact from the sharp rise in Covid-19 cases in China on global supply chains and is therefore keeping a close eye on the situation, according to Treasurer Jim Chalmers....

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U.K. Govt. commits $5.4B to fund Bulb’s acquisition by rival Octopus
  Author: Mateen Dalal

The U.K. government has reportedly pledged to contribute up to US$5.4 billion (£4.5 billion) to help rival Octopus acquire the bankrupt energy supplier, Bulb. After more tha...

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UK’s business confidence drops to its lowest point since 2009
  Author: Nikita Chaurasia

According to recent data, business confidence in the UK dropped to 18% in October, which was its lowest level in at least 13 years. In contrast, however, net balances of confidence stood at 28% in June and 56% in Febru...

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LadBible to lay off 10% of its workforce amid tough business conditions
  Author: Mateen Dalal

LadBible, one of the U.K.'s largest success stories in online media, is laying off 10% of its workforce as a result of a decline in its share price and a warning about difficult trading conditions. ...

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Baidu launches Apollo RT6; seeks expansion of its robotaxi fleet
  Author: Mateen Dalal

Baidu, a leading China-based artificial intelligence (AI) company and search engine, has reportedly uncovered its most recent electric autonomous driving vehicle. As per credible ...

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Hindalco Inds, Phinergy & IOP to collectively produce aluminium-air batteries
  Author: Nikita Chaurasia

Hindalco Inds, a well-known metals flagship of Aditya Birla Group has reportedly inked a Memorandum of Understanding (MoU) with Israel’s metal-air battery technology expert, Phinergy and IOP (IOC Phinergy) &ndash...

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UST invests in SaaS firm Well-Beat to reinforce health tech presence
  Author: Nikita Chaurasia

Leading digital transformation solutions company UST has reportedly invested in Israeli SaaS start-up Well-Beat to reinforce its footprint in the healthcare technology market. Thi...

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Triple M pursues 1.5 GW of solar & wind energy projects in Egypt
  Author: Mateen Dalal

Triple M is eyeing several projects in Egypt to help them produce electricity using renewable energy sources with a capacity of 1.5 GW inside and outside the country. It would be ...

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Australia: Agriculture Minister declares $500M investment for food products
  Author: Mateen Dalal

Australia’s Federal Minister for Fisheries, Forestry, and Agriculture, Murray Watt has announced an investment of $500 million to prompt farmers to produce more food products across the country along with selling...

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Government ceases the use of cloud services and VPN for employees
  Author: Nikita Chaurasia

As per latest reports, the Government of India has stopped its employees from using anonymisation services and third-party virtual private networks (VPN) provided by firms like Express VPN, Nord VPN and Tor. ...

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CNOOC China successfully completes 1st offshore carbon capture site
  Author: Nikita Chaurasia

CNOOC Ltd, a Chinese state-owned oil and gas firm, has recently completed the first offshore carbon capture and storage project in the country. The project is designed to bury carbon dioxide permanently in the seabed....

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Thailand lifts restrictions on cannabis & hemp; promotes proper usage
  Author: Mateen Dalal

Thailand’s cannabis industry has recently made it to the news headlines. According to the Ministry of Public Health of Thailand, hemp and cannabis are now removed from the Category 5 narcotic drugs, with effect f...

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LG Energy Solution to build nickel processing units in Indonesia
  Author: Mateen Dalal

South Korean storage battery manufacturing company LG Energy Solution (LGES) announced its plans to build nickel processing facilities in Indonesia, under its $9.8 billion investment in the country to boost the product...

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Nestle Australia opts for recycled plastic packaging for Kitkat
  Author: Nikita Chaurasia

Nestlé Australia, the world's largest food and beverage company, has recently announced shifting towards sustainable packaging with KitKat being the first-ever chocolate bar in Australia packed with recycled...

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WHO expresses concern over the worsening COVID-19 situation in N.Korea
  Author: Mateen Dalal

United Nations has reportedly stated that the COVID-19 outbreak in North Korea is worsening and not getting better after there were claims by the country that the pandemic situation was curbing. ...

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Foxconn anticipates a more constant supply chain in the latter half of 2022
  Author: Mateen Dalal

Foxconn, a Taiwanese multinational electronics contract manufacturer, has recently stated that the second half of the year is heading in a better direction as the COVID-19 lockdown imposed in Shanghai is being lifted s...

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L&T Tech Services inaugurates Engineering R&D Center in Krakow, Poland
  Author: Nikita Chaurasia

L&T Technology Services (LTTS), an international pure-play engineering solutions firm has reportedly launched an Engineering, Research and Development (ER&D) center in Krakow, Poland. ...

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Goldman Sachs provides unlimited holidays to its senior employees
  Author: Nikita Chaurasia

Goldman Sachs has recently announced a flexible vacation scheme under which the company’s senior employees can take unlimited paid leaves annually. As per sources, the global ...

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Mitsubishi, Siemens sign an MoU to cooperate in SiC traction technology
  Author: Nikita Chaurasia

Mitsubishi Electric Europe and Siemens Mobility have recently signed a memorandum of understanding (MoU) to work together in silicon carbide (SiC) traction power technology. As pe...

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EU to cease Russia’s global oil trade by targeting insurance services
  Author: Nikita Chaurasia

Amid Russia’s invasion of Ukraine, the European Union plans to go ahead with import ban on the Russian crude oil by targeting insurers with a motive that could substantially impair Moscow’s ability to expor...

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South Korea to lift outdoor face mask mandate despite concerns
  Author: Nikita Chaurasia

South Korea has reportedly planned to ease outdoor face mask restrictions next week in its latest step to ease COVID-19 mandates despite the incoming government’s opposition. ...

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Norway announces $43.7Mn to fund UK’s program to buy weapons for Ukraine
  Author: Mateen Dalal

Amid the war between Russia and Ukraine, Norway has showed its support to Ukraine by announcing a contribution of nearly $43.7 million to the United Kingdom’s attempt to purchase arms for Ukraine. ...

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Amazon emerges as the world’s biggest corporate buyer of renewable energy
  Author: Nikita Chaurasia

The company has announced 37 new sustainability projects worldwide Amazon extends clean energy projects into the U.S., Canada, India, Japan, France...

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Cemre Shipyard appointed to build a Norwegian zero-emission battery ferry
  Author: Mateen Dalal

Torghatten Nord AS, Norwegian ferry firm, has reportedly appointed Cemre Shipyard, Turkish company, to develop a zero emission two sided-passenger ferry and a car which will run on battery-electric power. ...

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Apple MacBook shipments delayed due to production halts in China
  Author: Mateen Dalal

Apple Inc., an American multinational technology company, has hit a roadblock in producing its leading MacBook Pro laptops, a sign that Covid-19 in China may be contributory to the delays. ...

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Facebook concerned as TikTok surpasses Snapchat, Twitter ad shares
  Author: Mateen Dalal

Meta, formerly known as Facebook, is baffled by the meteoric rise of TikTok as the China-origin short-video app is set to eclipse the universal advertising share of Twitter, the micro-blogging platform and Snapchat, th...

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Honda & General Motors to conjointly produce a series of affordable EVs
  Author: Mateen Dalal

General Motors Co. is reportedly expanding its partnership with Honda Motors Co. Ltd. to manufacture a range of affordable electric vehicles. The production will be based on a new global pattern that will make use of G...

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Poland to end Russian oil imports by the year-end amid Ukraine war
  Author: Nikita Chaurasia

As Russia continues to escalate war against Ukraine, driving millions of Ukrainians out of their homes and dismantling the country, several European nations have declared sanctions against the war raging country. ...

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RCB bank in Cyprus announces its closure amid Russia Ukraine invasion
  Author: Nikita Chaurasia

Cyprus’ RCB Bank has recently announced seizing its operations and is all set to turn the bank into an asset management firm. The firm’s sudden decision is said to be prompted by an extremely volatile geopo...

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Canada calls to end CP Rail Strike amid fears of rising commodity crunch
  Author: Mateen Dalal

Canada has reportedly called for negotiations to put an end to a work stoppage at Canadian Pacific Railway Ltd, the country’s second-biggest railroad which is on the verge of aggravating a scarcity of commodities...

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Oizom unveils an affordable & smart Industrial air quality monitor, AQBot
  Author: Mateen Dalal

Oizom, an Ahmedabad-based environment monitoring technology service provider, has recently launched its innovative AQBot, which is a single parameter, industrial grade air quality monitoring device. ...

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AUS to deploy biometric technology to facilitate international travel
  Author: Mateen Dalal

In a recent technological development at the Austin-Bergstrom International Airport (AUS), the U.S Customers and Border Protection has deployed the use of biometric technology to accelerate the process of screening....

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Clearview offers its AI tech to Ukraine to detect Russian invaders
  Author: Mateen Dalal

The Russian invasion of Ukraine has caused severe damage to both the nations and the world in many aspects. Amidst the war, the defense ministry of Ukraine has reportedly started using the Artificial Intelligence facia...

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NHS to replace two Belarus-made products to show resistance amid war
  Author: Mateen Dalal

With Russia’s invasion of Ukraine at its foremost peak, the world is showering its support by halting services and banning products of all those in support of Russia’s attack. ...

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Indian metal industry could reap benefits from Russia-Ukraine war: Analysts
  Author: Nikita Chaurasia

While the rest of universe anticipates adverse impact of the recent Russian invasion of Ukraine, analysts believe that somehow Indian metal companies stand to gain from the conflict. ...

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Oil prices rise by 7% as global crude reserve announcement disappoints
  Author: Nikita Chaurasia

Russia’s invasion of Ukraine is not only affecting the latter but is dismantling the entire world’s economy. The oil prices have increased over 7 per cent, highest since 2014 amidst the war and the internat...

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WHO seeks a safe corridor for provision of medical supplies to Ukraine
  Author: Mateen Dalal

Russia has called for full scale Ukraine invasion and the consequences have triggered a situation of high alert throughout the country. Russia has been unleashing attacks with full swing across the capital city Kyiv, c...

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Stock market regains risk appetite after Russia-Ukraine invasion
  Author: Mateen Dalal

Amidst Russia’s invasion of Ukraine and the strategic responses from the other nations, the stock market investors reportedly observed riskier bets with MSCI global index ending above its sessions low and U.S dol...

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Brondell teams up with 1% for the Planet; commits 1% sales to ecology issues
  Author: Mateen Dalal

With companies emphasizing on taking measures to contribute to the environment, Brondell, a forerunner in innovation prioritizing to develop personal and health care technologies across North America, has reportedly an...

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Tata Technologies to hire additional 1,000 people in FY23 to back growth
  Author: Mateen Dalal

Tata Technologies, a leading global product development and engineering organization, has announced bringing on board 1,000 more employees in the Fiscal Year 2023, in addition to its planned recruitment of around 3,000...

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India’s Life Insurance Corp. files for a USD 8 Bn stock market debut
  Author: Mateen Dalal

Life Insurance Corporation of India has reportedly filed papers to sell 5% of the company shares to raise approximately USD 8 billion, marking it as India’s largest IPO by a considerable margin. The Mumbai-based ...

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Tesla to face Californian lawsuit over alleged racial discrimination
  Author: Nikita Chaurasia

A California state agency has reportedly sued Tesla after certain black workers at its factory alleged that the company allowed racial discrimination, adding to the plethora of pending lawsuits against the electric car...

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Toyota, Ford forced to halt production over truckers’ protest in Canada
  Author: Mateen Dalal

Automotive giants such as Ford and Toyota have confirmed to have halted production at some of their plants owing to the massive truckers’ protest against the vaccine reforms in Canada. This shows the economic ram...

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Microsoft eyeing Mandiant buyout to reinforce its cybersecurity arsenal
  Author: Nikita Chaurasia

Microsoft generated USD 15 billion in security software sales in 2021. Adding Mandiant would help reinforce Microsoft’s arsenal of cybersecu...

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India leads in embedding sustainability across corporate plans: Report
  Author: Mateen Dalal

As per a report by Russel Reynolds Associates, around 57% of corporations in India have implemented a strategy that is aimed at ensuring sustainability across their business strategies. The report has also analyzed if ...

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Porsche forecasts high sales in 2022 despite the global chip crunch
  Author: Nikita Chaurasia

Automakers across the world have been dealing with an acute shortage of semiconductors due to supply chain disruptions caused by the COVID-19 pandemic. However, Porsche AG has managed to navigate this crisis as the com...

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Crypto worth USD 320 million stolen from blockchain bridge Wormhole
  Author: Nikita Chaurasia

Cryptocurrency platform Wormhole, which permits easy movement of cryptocurrencies and non-fungible tokens (NFTs) between the Solana and Ethereum blockchains, has reportedly been robbed of around 120,000 wrapped Ethereu...

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Glencore, Britishvolt to develop a battery recycling plant in the U.K.
  Author: Mateen Dalal

The recycling facility will process around 10,000 tonnes of lithium-ion batteries per year. Speculations have it that the plant could also employ a...

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Canada’s Quebec drops plan of levying health tax on the unvaccinated
  Author: Nikita Chaurasia

Canadian province Quebec will not enforce health tax on adults who refuse to take COVID-19 vaccines, premier Francois Legault stated, over concerns that the idea itself is too divisive. The politician had proposed the ...

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Australia reports lowest daily COVID-19 cases and deaths in two weeks
  Author: Mateen Dalal

Australia has reported its lowest number of daily COVID-19 deaths and cases in two weeks, further allowing schools to reopen. Nearly 34,00 new cases and, 44 deaths have been reported recently, the lowest daily count in...

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Daimler to be officially renamed as Mercedes-Benz starting February
  Author: Nikita Chaurasia

Daimler AG recently announced that it will be rebranded as Mercedes-Benz Group AG starting February 1 in a move to unlock shareholder value for the luxury automaker. The latest rebranding is one of the landmark changes...

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Germany reports 200,000 COVID-19 infections in a day for the first time
  Author: Nikita Chaurasia

For the first time in Germany, the daily number of new COVID-19 cases has risen to 200,000, hitting staffing at most companies including the freight operator Lufthansa Cargo. Accord...

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U.K. car production at its lowest since 1956 over pandemic disruptions
  Author: Nikita Chaurasia

A study from the Society of Motor Manufacturers and Traders (SMMT) found that automobile production in the United Kingdom fell to its lowest level last year since 1956. This can be largely attributed to the various dis...

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LG Energy Solution’s value tops USD 87 billion in blockbuster IPO debut
  Author: Mateen Dalal

Battery manufacturing company LG Energy Solution Ltd. (LGES), which is known to supply some prominent automakers, has reportedly attracted bids worth USD 13 trillion in its stock market debut and marking it as South Ko...

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South Korea reports highest single-day spike amidst Omicron turbulence
  Author: Nikita Chaurasia

South Korea’s daily number of new COVID-19 cases has topped 8,000 for the first time. The highest single-day spike comes despite the recent extension on social distancing to control the rapidly spreading Omicron ...

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Qjobs hopes to acquire 10 million job applications by the end of 2022
  Author: Nikita Chaurasia

Qjobs, an online employment portal for white-collar and blue-collar workers, reportedly received over 2 million applications in 2021, representing a tenfold increase in a single year. ...

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U.S. resists plans to make WHO more independent despite COVID-19 crisis
  Author: Mateen Dalal

The United States of America is reportedly objecting to proposals intended to grant World Health Organization (WHO) more independence, raising serious doubts about current President Joe Biden's long-term endorsemen...

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Cheaper form of Merck’s COVID-19 pill to be produced for poorer nations
  Author: Nikita Chaurasia

Over 30 generic drugmakers from Asia, the Middle East, and Africa are reportedly developing low-cost versions of Merck's COVID-19 pill in a U.N.-backed agreement. This is being done to ensure that such drugs are av...

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Marriott teams up with Ori to revolutionize the guest room experience
  Author: Nikita Chaurasia

The use of robots in the hospitality sector has been gaining significant traction, ranging from integrating AI chatbots to enhance customer service processes or improving the guest experience in hotels using robot assi...

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ProKidney prepares to go public through a USD 2.6 billion SPAC merger
  Author: Mateen Dalal

  The IPO is expected to offer gross cash proceeds of around USD 825 million. ProKidney’s lead product “REACT” is kn...

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U.S. airline CEOs forewarn against potential effects of 5G on planes
  Author: Nikita Chaurasia

The chief executive officers of major U.S. cargo and passenger carriers warned of a possibly ‘catastrophic’ disruption in the aviation industry that might begin once Verizon and AT&T deploy their new 5G...

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India could have 50 more startups with unicorn status in 2022: Report
  Author: Mateen Dalal

According to a report given by PwC India, the country has 50 startups that have shown potential to enter the prestigious unicorn club in 2022. By the end of this year, at least 100 new-age companies are expected to be ...

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U.K. govt to cut BBC funding, caps viewer fees over inflation concerns
  Author: Nikita Chaurasia

The British government is reportedly planning to curtail funding for the British Broadcasting Corporation (BBC), by putting a cap on the fees paid by viewers to watch the broadcasting channel for two years. ...

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Gmail becomes Google’s fourth app to exceed 10 billion installations
  Author: Nikita Chaurasia

The Google Play Services app, Google Maps, and YouTube are the other Google apps to achieve this milestone. Gmail was introduced back in 2004 and h...

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Quebec to levy health tax on citizens not vaccinated against COVID-19
  Author: Nikita Chaurasia

Quebec will reportedly impose a health tax on citizens who are unvaccinated against the coronavirus. The Canadian province, which has witnessed a massive number of COVID-19 related deaths in Canada, is currently battli...

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U.S. records 1.35 Mn COVID-19 cases in a day, setting a global record
  Author: Mateen Dalal

The United States has recorded 1.35 million new Coronavirus cases, shattering global record of the highest daily total cases registered by any country in the world. The development comes amidst the widespread outbreak ...

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Bayer, Mammoth Biosciences to team up for novel gene editing tech
  Author: Nikita Chaurasia

Pharmaceutical and life sciences company Bayer AG has reportedly entered into a strategic collaboration and option agreement with Mammoth Biosciences Inc., a company that is harnessing nature's diversity to power n...

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U.K. manufacturers predict enhanced output despite Brexit & inflation
  Author: Mateen Dalal

According to an industry study released recently, British manufacturers are quite optimistic that this year the business conditions and productivity is likely to improve, despite the fact that most have been affected b...

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PayFit acquires unicorn status following a USD 289 Mn Series E funding
  Author: Nikita Chaurasia

France-based payroll startup PayFit has reportedly secured USD 289 million in the latest Series E funding round, reaching a total valuation of USD 2.1 billion and acquiring the unicorn status. The latest fundraising wa...

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Amazon to partner with Stellantis to develop green vans & smarter cars
  Author: Mateen Dalal

Amazon.com Inc. and Stellantis N.V have revealed that they will partner to produce smart cars and trucks. The duo will also work on deploying electric vans which would be produced by Stellantis for Amazon’s deliv...

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United States sets global record of nearly 1 Mn COVID-19 cases in a day
  Author: Nikita Chaurasia

The United States has reportedly recorded around a million new cases of the Coronavirus which is the highest tally of any country to date. The latest surge in cases is due to the highly contagious Omicron variant which...

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Chinese firms to undergo data security reviews before listing overseas
  Author: Nikita Chaurasia

China plots stricter cyber security norms for tech firms planning to list overseas. Firms will be required to file for cybersecurity reviews before...

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Planet Fitness bags WELL health-safety rating for facility operations
  Author: Mateen Dalal

Planet Fitness has reportedly become the first fitness brand to receive the WELL Health-Safety Rating for Facility Operations and Management from the International WELL Building Institute (IWBI). ...

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U.S. airlines cancel more than 800 flights amid rising Omicron cases
  Author: Nikita Chaurasia

Several airlines in the United States have canceled over 800 flights on Monday (27th Dec), primarily driven by the increasing number of Omicron cases, further forcing passengers to use alternative modes of transportati...

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Automakers reconsidering CES 2022 participation over Omicron fears
  Author: Nikita Chaurasia

The CES (Consumer Electronics Show) 2022 in Las Vegas is set to kick off the new year during the first week of January (5th January to 8th January) and, like in recent years, is expected to create a significant buzz. H...

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