The denim maker Levi Strauss & Co beat estimates for quarterly results driven by a boost to its online sale during the Covid-19 pandemic on Thursday while also arising its half year revenue growth forecast as it said it was banking on the rollout of Covid-19 vaccines around the world which it...

With a second wave of the Covid-19 pandemic hitting countries like India in a major way, there are reports of a shortage of vaccines. In order to address this issue, HSBC and the Asian Development Bank (ADB) have got together to give a combined financing of $300 million for helping the...

The global shortage of components has forced Apple Inc to postpone manufacturing of some MacBooks and iPads, said a report published by Nikkei Asia.   This is a clear signal that the unprecedented global supply crunch has not spared even Apple which has massive procurement power.  ...

An offer of $20 billion proposed to the Japan’s Toshiba Corp for taking it private is being contemplated by the company, said reports quoting information from sources familiar with the matter. The firm to make the offer is the private equity firm CVC Capital Partners.   There is activist...

A joint venture for developing autonomous delivery trucks was announced on Tuesday by between Silicon Valley self-driving startup Gatik and the auto company Isuzu North America Corp in another example of a tie up between a tech based logistics firm and an auto company to build self driving...

The current acute global shortage of semiconductor chips is showing signs of the beginning of easing for mid-end consumer products, according to a senior executive at Taiwan's Acer Inc, the fifth largest PC vendor of the world by shipments. The company said on Tuesday that the current situation of...

The total market capitalisation of cryptocurrencies has reached $2 trillion, a record high. Bitcoin has surpassed $1.1 trillion, boosted by increased interest in cryptocurrencies from both institutional and retail investors in the past few months, according to Reuters. Reuters attributed the rise...

South Korea's LG Electronics Inc will be the first major smartphone maker of the world to completely move away from the market as the company announced its decision to completely wind down its loss making mobile division after the company failed to get a buyer for the division.   In North...

South Korea's LG Electronics has announced that it will stop manufacturing and selling smartphones. The company entered the market in 2013 and became the world's third-largest smartphone manufacturer after Samsung Electronics and Apple, but the business has been generating losses for the past six...