Moderna Inc struck a deal with the GAVI vaccination alliance on Friday to provide a total of 56.5 million doses of its Covid-19 vaccines to low and middle-income countries in the second quarter of next year.   The doses will be in addition to an earlier promise to deliver 60 million doses to...

Apple Inc's supply chain troubles cost the firm $6 billion in sales in the fiscal fourth quarter, missing Wall Street projections, and CEO Tim Cook predicted the impact will be considerably worse during the current Christmas sales season.   On Thursday, Cook said that the quarter ended...

Its biggest quarterly profits in the last eight years were posted by the oil and gas major Chevron Corp posted on Friday, driven by increasing prices for oil and gas prices and a rebound in demand for motor fuel that helped to inflate the company’s that refining margins.   The strong...

Tesla Inc is having a good run in rich Singapore where it is witnessing a surge in sales while taking over market share from its rivals.   Car registration is strictly regulated in Singapore to address the issues of high traffic and pollution in the city-state.   The Tesla Model 3...

A scarcity of computer chips globally forced the world's second-largest automaker Volkswagen to announce lower than expected operating profit for the third quarter while also lowering down its forecast for delivery of its vehicles as well as its estimates for sales.   The company also warned...

In order to compensate for the pain inflicted by supply chain bottlenecks, Detroit automakers Ford Motor Co and General Motors Co taking benefited from the voracious appetite and demand for trucks and SUVs from American consumers.   However, the production disruptions caused by the shortage...

Twitter Inc was apparently able to dodge the effects of Apple Inc's privacy rules on advertising, which hampered its competitors, as it reported a 37 per cent hike in its quarterly revenue. That sent its stocks up by 3 per cent.   In order to meet its aim of tripling annual revenue by 2023,...

Global supply chain issues will continue to plague critically important business divisions of Microsoft Corp like those that manufacture its Surface laptops and Xbox gaming consoles, warned the company even while anticipating a solid end to the calendar year driven by its burgeoning cloud business....

Computer peripherals maker Logitech International SA reported a continued increase in demand for its products primarily from customers hunkered at home either working or studying resulting in the company registering growth in sales for its second quarter.    There was a 4 per cent rise...

Social media company Facebook Inc will now begin making public financial performance of the augmented and virtual reality labs of the company, the company said on Monday. The company invests billions in its plans for these labs to develop the "metaverse."   The company also said that...

The German auto-making giant Daimler AG expects to stabilize its supply chain for semiconductor chips during this current quarter, said the company’s Chief Executive Ola Kaellenius.   However, the company also anticipates that it would not be until 2023 that the global auto industry will see...