Gordon Murray Group planning to develop electric delivery vans and SUVs

Formula One race car designer, Gordon Murray Group, has recently announced plans to invest USD 420 million over the next five years in a slew of ventures including manufacturing electric delivery vans and SUVs as it aims to become an all-el....

Amazon blocked 10 billion listings amid rising counterfeiting concerns

For a while, Amazon has been facing a lot of pressure from brands, customers, and lawmakers to boost its anti-counterfeiting efforts on its renowned platform. Recently, the world’s largest online retailer has claimed to have blocked m....

U.S. government to help Colonial Pipeline recover from a cyberattack

Reportedly, the U.S. government is closely working with Colonial Pipeline, a prominent fuel pipeline provider, to assist it in recovering from a ransomware cyberattack that forced the company to shut down a vital fuel network supplying popu....

Chinese EV manufacturer NIO sets foot in Europe for the first time

Chinese multinational automobile manufacturer NIO has reportedly entered the European market by opening its first outlet in Norway. The automaker has set up a separate website for its Norwegian counterpart, where people can look up the comp....

Shift Technology secures USD 220 million during Series D funding round

The French startup has now surpassed the USD 1 billion mark. The fresh investments will be used to expand its product portfolio. Shift Technology, a France-based company that offers fraud detection solutions to insurers, has reportedl....

Instagram brings new captions feature to its reels and video stories

Instagram has reportedly added a new captions sticker for its Reels and video Stories, allowing the users to watch without sound or audio. The new feature makes it easier for users who are deaf or hard of hearing to interact with video con....

Lufthansa Group to swap old A340 planes with 10 new long-haul jets

The parent company of German airline Deutsche Lufthansa AG, Lufthansa Group, reportedly said it would purchase a total of 10 long-haul aircraft, including 5 Boeing B787-9s and 5 Airbus A350-900s, to replace aging Airbus A340 planes in an ef....

Facebook, Google sign content deals with Australia’s Seven West Media

Seven West Media, an Australian newspaper and television firm, has reportedly signed a content deal with Facebook Inc. and Google LLC in the wake of recent landmark laws that have enabled the industry to obtain new revenue sources and adapt....

Microsoft considered reducing Xbox Store fee to revive console gaming

Multinational tech-giant Microsoft was reportedly looking to lower its Xbox store commission fee to a meager 12% from the previous 30%, as per confidential documents submitted in the Epic Games and Apple case. The document from January als....

Uber to hire 20,000 drivers in the U.K. as post-lockdown demand surges

After lockdown rules eased last month, Uber is reportedly looking to sign up another 20,000 drivers by the end of the year, adding to the 70,000 it already employs in the UK. Uber reported a 50% increase in U.K. trips since April 12, when ....