Amazon today announced that it will cover 100% of tuition costs for approximately 750,000 hourly U.S. employees. Amazon estimated that this new benefit, along with the training it will provide, would require an investment of $1.2Billion by 2025.   Amazon's announcement follows other major...

Toyota Motor Corp. lowered its annual production target to 300,000 vehicles Friday due to rising COVID-19 infection rates at parts factories in Vietnam, Malaysia which has added to a global shortage for auto chips.   After the company revised its production targets, Kazunari Kumakura, an...

Following criticism of Apple Inc’s proposed child safety features both outside and inside the company over the issue of privacy of the system, the iPhone maker announced that it would postpone implementation of the feature for collecting more feedback on the system so that the system can be...

Displeasure on issues such as the new Texas laws on abortion, handguns, and voting limitations were expressed by a host of the companies in the United States which includes the likes of Lyft Inc, American Airlines Group Inc and Silicon Laboratories Inc, this week. This is being viewed as renewed...

The financial services business of the Chinese firm ByteDance, the owner of the short video haring app TikTok, will be shrunk down while it would sell off its stock broking business unit, the company said on Wednesday, in the face of Chinese regulatory authorities clamping down on the financial...

Sport wear giant Nike has given a week off to all of the its staff at the company’s corporate headquarters in Oregon for them to support their mental health prior to them returning back to the office for regular jobs.   Starting Monday, the US firm has decided to "power down" to give rest...

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...

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...

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 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....

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...