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Zoom Reports Its First Billion Dollar Quarterly Revenue, But Forecasts Growth Slowdown

Despite posting its first quarter where it made revenues of more than a billion dollars, the video conferencing firm ta shot to fame and became a household name during the Covid-19 pandemic - Zoom Video Communications Inc, forecast a decline in demand for its services that was higher than expected...

BoiNTech Asked By Foxconn Founder To Reserve 30 Mln Covid-19 Vaccines For Taiwan

BioNTech SE has been requested to reserve 30 million doses of its Covid-19 vaccine for Taiwan by Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn.   Gou said that he had received a "very good" response from BioNtech on his request.   It has been months that...

Lawsuit Documents Show $11.2 Bln In Revenue Made By Google Play App Store In 2019

A court filing that was unsealed on Saturday showed that revenue of $11.2 billion from its mobile app store was generated by Alphabet Inc's Google in 2019. For the first time, this offered a clear view of the financial results of the services of the company – which has been in scrutiny recently...

All Microsoft Cloud Database Users Urged By Researchers And Cybersecurity Agency To Take Action

All users of Microsoft Corp's Azure cloud platform should change their digital access keys and not just the 3,300 clients who were notified this week by Microsoft about a massive flaw in the main databases stored in the cloud platform of the company, urged the researchers who discovered the flaw....

Decision To Approve Licenses For Auto Chips For Huawei Defended By Biden Administration

After facing criticism this week for having approved licenses for auto chips for Huawei, The Biden administration has said there has been no change in policy of the United States about restricting sales of goods and technology to the Chinese company that was imposed on the firm during the...

Microsoft Emails Thousands Of Cloud Customers Warning About Exposed Databases

Hackers could have the ability to read, change or even delete the main databases of its customers, Microsoft warned thousands of its cloud computing customers on Thursday that included some of the largest companies of the world, claimed a report published by the news agency Reuters based on a copy...

Alphabet's Waymo To No Longer Sell Off Its Lidar Self-Driving Car Sensors

After striving for two years, efforts for selling its light detection and ranging (lidar) sensors to other companies has been ended by Alphabet Inc's self-driving unit Waymo, the company announced this week.   This move by the company is in contrast to its previous strategy of selling off...

Drop In Shares Of LG Chem Over GM’s EV Recalls And Battery-Fire Probe

Despite assurances from the United States based auto giant General Motors of its intention of continuing to maintain a relationship with South Korean battery maker LG Chem, investors of the later company were not convinced, resulting in shares of the company falling to a nine month low on Friday....

India's SpiceJet Hopes To Start Reuse Of Boeing 737 MAX Planes By Next Month

After a settlement agreement arrived at with lessor Avolon on leases of Boeing Co's grounded 737 MAX jets, India's SpiceJet Ltd nbow expects to get back the airplanes into its fleet and put them into service by the end of September, the airlines said.   After being grounded globally for...

Qantas Expects Restart Of International Travel To Highly Vaccinated Countries From December

Qantas Airways Ltd is getting ready to start international travel with nations that have high vaccination rates in December this year, the premier Australian airlines said on Thursday, as the company reported a narrower annual loss of A$1.73 billion ($1.26 billion) which send its shares up.  ...

Samsung Will Invest $206 Bln Through 2023 Aimed At Growth After Pandemic Ends

South Korea’s tech conglomerate Samsung Group plans to expand its business presence in biopharmaceuticals, artificial intelligence, semiconductors and robotics after the end of the Covid-19 pandemic and has earmarked an investment of 240 trillion won ($206 billion) for this purpose over a period of...

Expectations Of Strong Electronics Demand Prompts Best Buy To Raise Annual Forecast

Electronics retailer Best Buy Co Inc expects continued demand for home computer equipment because of the continued trend of work from home even though there are concerns in the industry about a decline in demand because of perceptions that demand had peaked during the pandemic last year. This...
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