The Norwegian robotics company AutoStore is expecting a hit to its earnings margins in the short term, because of a shortage in supply of some of the critical components used for its products, the company said this week. Prior to making this forecast, the company also reported a 59 per cent year on...

The United States based tech giants Amazon.com and Apple Inc have been slapped a fine totaling more than 200 million euros ($225 million) by the antitrust authority of Italy over charges of the companies being allegedly involved in anti-competitive cooperation related to the marketing and sale of...

It’s much talked about electric car is being pushed to be launched by as soon as 2025 while the iPhone maker is now concentrating on developing complete self-driving capabilities for the planned electric vehicle, claimed a news report published by Bloomberg News quoting sources that have knowledge...

Growing rivalry in an increasingly crowded business space has forced a downgrading of its anticipated annual revenue growth by the Chinese e-commerce behemoth Alibaba Group Holding Ltd. That pushed down the shares of the company by 11 per cent.   The company now anticipates that growth in...

The antitrust body of India has been given a time period of two weeks by an Indian court to ascertain if authorities were misled by Amazon while it sought regulatory approval for a deal with India's Future Group in 2019, said reports quoting a body of Indian retailers.   The case that drew...

Accusations of the United States based electric car company Tesla of "flagrantly" breaching a contract linked to stock warrants following a recent surge in the company’s stocks were leveled in a lawsuit by JPMorgan Chase & Co in which the lender demanded compensation of $162.2 million.  ...

A license arrangement with the international public health organization Medicines Patent Pool will allow generic manufacturers to provide its experimental antiviral Covid-19 tablet to 95 low- and middle-income countries (MPP). Pfizer Inc said on Tuesday.   The MPP will be able to offer...

Forecasting growth in demand for its products during the crucially important holiday season, its annual sales and profit forecast were raised by Walmart Inc earlier this week, even as the largest retailer of the world saw its margins for the third quarter being hit by global supply chain...

For the quarter ending December 31, a fall of 15 per cent in its revenue from its key smartphone business is expected by Taiwan's Foxconn, which is the main assembler of iPhones for Apple, the company said on Friday.   The revenue outlook for 2022 needs to be made cautiously, said the...

The pace of growth in sales during its annual Singles' Day shopping spree was the slowest for the company in its history, said Alibaba Group Holding Ltd on Friday.   According to analysts, this performance of the Chinese e-retailing giant underscores the severe regulatory challenges being...

Following a period of two years of a development project with its partner company and its largest shareholder Toyota Motor Corp, its first all-electric vehicle (EV), the Solterra, was unveiled by Japan's Subaru Corp on Thursday.   This launch of its electric sports utility vehicle (SUV)...