Markets

Microsoft Launches Next Generation Xbox Consoles

Microsoft Corp. (MSFT) has launched two new models Xbox gaming console. The consoles dubbed Xbox Series X and Xbox Series S will be going for $499.99 and $299.99 respectively. The company says the Xbox Series X is the most powerful gaming console in the world. The lower priced Xbox Series S is already facing backlash […]

Apple Introduces MacBook Using Its Own Processor

Tech giant Apple Inc. (AAPL) introduced MacBook Air notebook together with other devices which for the first time will be using its own in-house designed processor in a move that will even technologically link Apple’s devices closer together. The new processor chip dubbed the M1 is seen as a breakthrough by developers since it will […]

Apple Puts Its Supplier Pegatron on Probation Following Policy Violation

IPhone manufacture Apple Inc. (AAPL) has placed its Taiwan based supplier Pegatron Corp. (4938) on probation after discovering the company violated its supplier’s code of conduct. The violation in question is related to a student worker program said the tech giant. “Several weeks ago, we discovered Pegatron – one of Apple’s suppliers in China – […]

Alibaba and Richemont Investing $1.1 Billion in Online Luxury Fashion Retailer Farfetch

Leading Chinese tech e-commerce and tech company Alibaba Inc. (BABA) and Swiss based luxury goods holding company Compagnie Financière Richemont SA (SWX: CFR) will be injecting a $1.1 billion investment in online luxury fashion retail platform Farfetch Ltd. (FTCH). Asia online demand for luxury goods has been on the rise forcing Farfetch to create a new […]

Waymo Halts Driving Operations in San Francisco During Election Period for Safety Reasons

Autonomous driving tech company Waymo temporarily halted driving operations in San Francisco areas for the period November 3 to November 4. The company said this suspension is for safety reasons during ongoing U.S Presidential elections. “Out of an abundance of caution and with the safety of our team in mind, we are temporarily suspending driving […]

Walmart Abandons Plans of Using Robots for Inventory Tracking

U.S based operator of hypermarkets and retail corporation Walmart Inc. (WMT) has abandoned its earlier announced plans of using robots to track inventories in the company. This announcement means the world’s largest retailer will have to wait a bit longer to actualize its plans of using robots to track inventories. Walmart said it had ended […]

Netflix Increases Monthly Charges for Its U.S Subscribers

Production and media service provider Netflix Inc. (NFLX) announced having raised monthly charges for its standard and premium subscribers based in the United States. The company has raised price of its standard subscription by $1 a month bringing it to $14 and the cost of its premium subscription by $2 per month amounting to $18 per […]

Sony Getting Strong Demand for PS5 Ahead of its Launch

Sony Corporation (TYO: 6758) has reported that it’s already receiving a strong demand for eagerly awaited PlayStation 5 (PS5) even weeks ahead of its official launch which is slated for November 12. This was announced by the CEO of Sony Interactive Entertainment Jim Ryan, who said they have pre-sold many PS5 consoles in the first […]

Geely Establishing a New Plant with an Annual Manufacturing Capacity of 30,000 EV’s

China based electric vehicle manufacturer Geely Automobile Holdings Ltd (GELYF) will be building a new plant with a production capacity of 30,000 premium electric vehicles annually. The new plant will be located in the western city of Chongqing and it will be fully managed by a newly registered company. According to the company’s website, the […]

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