The advance booking for its chips has currently exceeded its capacity at the Minnesota-based Polar Semiconductor which makes chips for automakers, said a report. But the company is finding it unfeasible to expand production lines to make more of the chip shortage across the world has forced...

British food delivery service Deliveroo has announced that it will conduct its initial public offering on the London Stock Exchange (LSE). The company was founded in 2013 in London by Taiwanese-born American William Shu. The company now operates not only in the UK, but also in the Netherlands,...

The acquisition of Willis Towers Watson by Aon in a deal worth $30 billion is likely to face opposition from the antitrust watchdog of the European Union and is likely to present a list of objections which Aon will have to satisfy through concessions in order to get the deal through, said reports...

Chocolate retailers around the world are facing a severe crisis due to falling demand for sweets in 2020, according to Bloomberg, citing the International Cocoa Organization (ICCO). Stagnation in demand for cocoa is fixed in the countries of North America and Europe. Experts believe that changes in...

Video calling service Zoom reported fourth-quarter earnings for the fiscal year ended Jan. 31. The company's performance was significantly better than analysts' forecasts, causing Zoom Video Communications' stock to soar by 11% immediately after the results were released. Zoom's fourth-quarter...

Da Vinci Capital's investors have sent Pavel Durov a notice of intent to file a lawsuit (letter before claim) against TON Inc. and Telegram Inc., Forbes has learned. They are demanding damages for the failed project. If compensation is refused, the investors will file a lawsuit in London within two...

Working from home or remote working should not be considered to be a a “new normal” according to Goldman Sachs boss David Solomon, who has described this phenomenon which got traction during the Covid-19 pandemic as an “aberration”.   There was less than 10 per cent of the staff of the...

Following the tussle with the Australian government over payment of fees to local news outlets and publishers for news content on its platform, the social media giant Facebook Inc. has been reported to be exploring the possibilities of striking licensing agreements with Canadian media outlets in...

US premium electric car maker Lucid, founded by a former Tesla engineer, has agreed to go public without an IPO. The company wants to merge with another company that has already been listed. The value of the combined entity after the deal is estimated at $24bn. Founded by a former employee of Elon...