The Nasdaq was set to extend gains for the fourth straight session on Wednesday, following a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices’ shares surged after strong quarterly results. Alphabet Inc rose 8.2 percent after reporting record quarterly sales on Tuesday, and said it plans to undertake a 20-to-one […]
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European shares fell as much as 2 percent on Friday, dragged down by auto and technology stocks, amid prospects of higher interest rates and geopolitical tensions in Ukraine. The pan-European STOXX 600 was down 1.4 percent, paring some losses after falling as much as 2 percent earlier in the day, and on track for its […]
In September 2021, the U.S. Department of Commerce (DOC) issued a Request for Information (RFI) to collect data concerning the intensively heightened chip shortage following the Covid-19 pandemic. In its findings, the DOC revealed that it is expecting the chip shortage to last another six months, well into mid-2022. The RFI’s report evidenced that the […]
Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to triple their investment to jointly develop electric vehicles (EVs), two people with knowledge of the plan told Reuters. As established automakers face pressure from new competitors and an expected shift in demand toward EVs, the French-Japanese alliance is seeking to deepen cooperation. The three […]
When Microsoft unveiled its plans to acquire gaming titan Activision Blizzard on January 19, the tech scene was swift away with one newsflash. A deal, if it came to fruition, could be commemorated in Microsoft’s history as the first stone that pathed its way into the Metaverse. The $75 billion deal’s announcement was led by a 15-minute […]
The benefits and uses of mobile device management software According to the Government’s Cyber Security Breaches Survey 2021, 39 percent of UK businesses experienced a cybersecurity attack last year. For business owners, this statistic is worrying — risking reputation, integrity, and ultimately commercial success. As we move towards an increasingly technology-centric working world, what should […]
Intel Corp. announced on Friday plans to pump at least $20 billion in what could be its latest chip-manufacturing facility in Ohio to increase its chip-making production to accommodate the heightened semiconductor demand for digital units. The Santa-Clara-based company will invest in two semiconductor-making plants outside Columbus, Ohio. This will place the company in the […]
Netflix Inc dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020. Netflix projected it would add 2.5 million customers from January through March, less than half of the 5.9 million analysts had forecast. […]
Ties between Beijing and the Gulf are being forged to heighten economic cooperation to reach a free trade agreement, as both regions tackle geopolitical matters with the West. Wang Yi, China’s foreign minister, revealed Beijing’s intentions of gaining momentum on the growth of developing a free trade era with the Emirates, with the intentions of […]
The Covid-19 pandemic paved the way for a comprehensive technological adoption to push digital payments platforms to reach thousands, if not millions, of users in Africa, with the adoption of contactless means to conduct transactions. What was once perceived as a luxury for making payments now has become a necessity for the sustainability of Africa’s […]