While metaverse fever has swept the globe this year, one of China's tech behemoths has unveiled a variation of the virtual ecosystem that has so far failed to impress.   The metaverse is a virtual world in which humans communicate using three-dimensional characters. It is roughly defined as...

Oxford University and AstraZeneca have begun development of a coronavirus vaccine that targets the Omicron strain.   The reports come after 129 people were hospitalised and 14 people died as a result of the strain in the 24 hours leading up to 6 p.m. on Monday.   Officials revealed on...

Nikola Corp has conceded to make a payment of $125 million for settlement of  civil claims which charged that the firm had misled investors with information linked to its products, technological breakthroughs, and commercial prospects, according to...

According to reports published in the news agency Reuters quoting sources, the Chinese auto maker Geely Holding and French Renault are expected to announce a deal soon to jointly construct the Chinese automaker's hybrid vehicles in South Korea and explore into potentially exporting...

Qatar Airways has filed a lawsuit in the United Kingdom against plane maker Airbus alleging skin faults on A350 passenger jets, moving the two parties closer to a rare legal battle over aviation safety, the airline has said.   The firms have been at odds for months about damage to a...

Amazon.com's 2019 pact with Future Group was postponed by India's antitrust commission on Friday, potentially delaying the e-commerce giant's attempts to block the sale of Future's retail assets to an Indian market leader.   The US corporation had withheld facts when seeking regulatory...

Earlier this week, fashion and luxury goods power house Chanel chose Leena Nair, a former Unilever executive, as its next global CEO, appointing a consumer products veteran to lead one of the world's largest luxury goods companies.   Nair spent 30 years at Unilever, most recently as the...

The pharma giant Eli Lilly raised its earnings outlook for 2022 compared to estimates by Wall Street, as the company cited business growth because of approvals for new medicines which it expects to offset the impact of competition and pricing pressures on its other major therapies.   This...

On Monday, Apple Inc's market valuation was just short of $3 trillion as the stocks of the iPhone maker continued its spectacular run over the previous decade. The company has been classified already as the most valuable firm of the world.   On Monday, the share prices of the company dropped...

Fresh cuts on production and output for December has been imposed by the Spanish unit of German auto company Volkswagen – SEAT, at the company’s primary car assembly plant close to Barcelona. The company has decided to shut down the factory for five days. The closure decision was taken in lieu of...

After a slump in the stock price of Moderna Inc on Friday following initial test results of the company for its flu vaccine candidate, executives of the company urged its investors to not sell off stocks and wait for the company to publish more data.   On Thursday, the company released...