Carmakers around the world are troubled with the shortage of semiconductor chips and many have already downgraded their targeted production for the current year.   The latest to join the list is the French carmaker Renault.   The global scarcity of semiconductor chips has forced the...

A new processor that it will use for powering its servers in its data centers has been developed by Chinese tech giant Alibaba Group Holding Ltd, the company announced on Tuesday.   This is the latest move by the Chinese firm into the sphere of semiconductors which is in line with what a...

According to a report by Bloomberg News, the estimated value of the "Squid Game," the biggest original online streaming series launched by Netflix Inc, is almost $900 million for the streaming giant.   The valuation estimation was based on figures from an internal Netflix document.  ...

The third-quarter earnings of the Dutch health technology company Philips were severely hit by a severe global shortage of electronic components and a huge recall of the company’s respiratory devices which prompted the firm to lower its forecast for sales and profit growth in 2021 in an...

The Taiwanese electronic giant Foxconn unveiled its first three electric vehicle prototypes on Monday. The event strongly reflected the high ambitions of the tech company to diversify into a sector other than what it is best known for – making producing consumer electronics for Apple Inc. and other...

As its Chinese parent fights to make payments on more than $300 billion in debts, China Evergrande Group's Swedish electric vehicle business unit is in discussions with the United States and European venture capital companies and industrial partners to find a prospective buyer for the Chinese owned...

The total endowments to Harvard University, which is identified already as the wealthiest one in the world, has increased by 34 per cent and had grown to reach $53.2 billion in the fiscal year of the institution that ended in June this year, the varsity said earlier in the week.   This large...

Following the delay in the completion of a new greenfield mine at Gudai-Darri due to a shortage of labor market in Western Australia forced the mining giant Rio Tinto Group to trim down its iron ore shipment forecast for 2021 on Friday.   "It has been another difficult quarter operationally...

Offshore bondholders of China Evergrande Group are concerned that the company is on the verge of defaulting on debt payments, and they want more details and openness from the cash-strapped property developer, according to their advisers.   Evergrande, which is grappling with debts totaling...

REC Solar Holdings has been acquired from China National Bluestar (Group) Co Ltd. by India’s Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), in a deal worth $771 million in cash, RNSEL said on Sunday.   The RIL aims to become a net...

Since there has so far been a little clue about how local authorities and regulators plan to prevent a contagion that could ensue after a possible collapse of the cash-strapped and heavily indebted China Evergrande, there was a slump on Friday of Chinese property developers' bonds and shares....