Markets

Japan based video game developer and consumer electronics manufacturer Nintendo Co Ltd. (TYO: 7974) has reduced its full year estimates sales for Switch consoles by 6% as the company doesn’t see it achieving its previous set estimate before the year wraps up. The company says that it won’t be able to meet the demand increase […]

Giant technology company manufacturing consumer electronics Apple Inc. (AAPL) has suspended production of iPad tablets so as to direct more components to production of lately released IPhone 13. The IPhone manufacturer resulted to this move as the global shortage of chips continue to bite deeper causing major disruptions in production activities in many companies. The […]

Giant tech company Microsoft Corp. (MSFT) and Japanese video game developer and video game machine manufacturer Sega Sammy Holdings Inc. (TYO: 6460) are reportedly considering a strategic partnership to develop big budget video games using Microsoft cloud gaming technology. Microsoft which owns widely used gaming console Xbox has a cloud computing platform, Azure Cloud which […]

United States leading airline company American Airlines Group Inc. (AAL) announced having canceled over 1,400 flights over the past weekend attributing shortage of staff and bad weather conditions to the unfortunate development. The company says it canceled 376 flights on Friday, 551 flights on Saturday and an additional 480 flights on Sunday. According to FlightAware, […]

Leading online payment platform and financial service provider PayPal Inc. (PYPL) has distanced itself from stories which have been doing rounds that it will be buying image sharing platform and social media service Pinterest Inc. (PINS). Some few days ago, stories started dong rounds that PayPal was holding talks with Pinterest aiming to acquire the […]

United States leading electric vehicle manufacturer Tesla Inc. (TSLA) has hiked the prices of its Model X Long Range and Model S Long Range variants by $5,000. This price increment announcement was made by the company through its official website during the past weekend. Going forward, the Model X Long Range will be going for […]

Leading social media company Facebook Inc. (FB) has revealed that it’s looking forward to employ 10, 000 workers in the European Union over the next five years. The company says these workers will assist in building Metaverse, a nascent online world in which users will exist and communicate in shared virtue spaces. Back last month, […]

Canada based e-commerce company Shopify Inc. (SHOP) has entered into a partnership with Microsoft Corp. (MSFT) and fellow tech company Oracle Corp. (ORCL) which will enable merchants on Shopify’s platform to streamline their business operations. This partnership will enable business owners on Shopify’s platform to access Enterprise Resource Planning (ERP) including Oracle NetSuite, Infor and […]

Facebook Inc. (FB) owned social media application Instagram says that it’s testing a new feature which will be directly notifying users in case of an outage or technical issues with the application. This development comes barely a week after the company had major outage on its three social platforms which lasted for at least six […]