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$10 Billion To Be Invested By Amazon In Satellite Broadband Project

A network of 3,236 satellites aimed to provide high speed broadband internet services to people who have lack of access to speedy internet services all across the world will be build by Amazon.com Inc, and for that purpose an investment of more than $10 billion will be made by it, the company said...

China’s Huawei Becomes Highest Smartphone Seller In The World In Q2, Surpasses Samsung

China’s controversial tech giant Huawei Technologies became the largest smartphone seller in the world for the second quarter, beating South Korea’s Samsung. This development also highlighted the resilience of the Chinese market in this field even in the face of a plunge in global demand for...

IBM To Partner With Japanese Business And Academia To Advance Quantum Computing

A research partnership with Japanese industry was launched on Thursday by the United States based tech firm International Business Machines Corp (IBM) with the aim of accelerating advances in quantum computing. This partnership further deepens ties between the two countries in a field that it both...

Tesla Willing To Supply Batteries To Other Auto Makers, Says Elon Musk

United States based electric car maker Tesla Inc is ready to license its software and supplying powertrains and batteries to companies, said the company’s Chief Executive Officer Elon Musk on Tuesday.   Previously, the company had spate partnership deals and had supplied batteries with two...

Intel Chief Engineer Sacked Days After It Announced Delay In Crucial Technology Development

United States based chip maker and global leader Intel Corp said that it was removing its Chief Engineering Officer Murthy Renduchintala as a part of the measures of the company under which a crucial technology unit of the company will be separated into five teams.   Its reorganizing its...

Final Phase-3 Trials Of Covid-19 Vaccine Started In US By Moderna And Pfizer

The path for humanity to finally get a vaccine against Covid-19 seems to be near.   The third and final phase of trials for the vaccines candidates from Moderna Inc and Pfizer Inc, with 30,000 subjects, have been launched and that could finally clear the way for these tow vaccine candidates...

AstraZeneca To Pay Up To $6 Billion Top Daiichi For New Cancer Drug

As a part of its strategic program for oncology collaboration for the development of development and marketing of a niche type of targeted cancer treatment, Britain's AstraZeneca has agreed to pay as much as up to $6 billion to Japan's Daiichi Sankyo.   Dorr an experimental drug of Daiichi...

Google Eliminates Commission For Sellers On Its E-Commerce Platform

A major a significant change has just been implemented by the search engine giant Google to its policy of e-commerce marketplace product, Google Shopping. The United States based search engine giant will now allow in all types of sellers on that platform - ranging from small retailers to big...

Layoff Scheme In Oil Major Chevron Helps It Improve Diversity Ration

United States based oil giant Chevron is expecting to reduce the diversity imbalance within the company this year through the cost cutting measures that it has undertaken.   The company plans to reduce the dominance of white males in the company and increasing the ratio of women in senior...

2.8 Billion Euro Share Issue Being Planned By British Airways Owner To Generate Funds

In order to generate more cash amid the hard economic hit because of the novel coronavirus pandemic on the airline industry, plans for a possible rights issue of up to 2.75 billion euros are being drawn up by the British Airways owner IAG, the company said on Friday.   This statement was...

Its North American Energy Business To Be Sold By Britain’s Centrica For $3.63 Billion

The British energy services and solutions company Centrica Plc will be divesting its North American subsidiary Direct Energy in a deal worth $3.63 billion.   The news powered a 38 per cent rise in the stock price of the company that owns British Gas, Centrica Hive, Direct Energy and Bord...

Airbus To Pay Higher Interest Rates On Subsidy Loans To End Tariff Row With US

In a "final" bid to turnover tariffs imposed by the United States and to convince the US to come to a settlement for the 16-year-old dispute over aircraft subsidies of over billions of dollars, the European plane maker will amend French and Spanish government loans, the company said on Friday....
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