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Foodpanda In Talks To Sell A Portion Of Its Asian Meal Delivery Company And Implement Layoffs

Foodpanda, a Singapore-based food delivery service, announced to the media on Friday that it is carrying out its most recent round of layoffs because the need to be "more agile remains critical."   “Our company priority right now is to become leaner, more efficient and even more agile. To do...

Tesla Wants To Develop A Factory For Battery Storage In India - Reuters

Tesla has developed plans to produce and market battery storage systems in India and has submitted a proposal to officials looking for incentives to create a facility. This comes as Elon Musk makes more efforts to establish himself in the country, according a report by Reuters citing information...

Japan's Toshiba Is About To Finish A 74-Year History At The Stock Market

As a result of a majority stake purchase by investors, Toshiba, one of the largest and oldest companies in Japan, is about to terminate its 74-year stock market history. A group led by private equity firm Japan Industrial Partners (JIP) has acquired 78.65% of the company's shares, the company has...

In A New Sign Of Resurgence, Huawei Sends Surveillance Chips Developed In China: Reuters

A subsidiary of Huawei Technologies is exporting new Chinese-made chips for security cameras, which is a new indication that the Chinese tech giant is finding ways to get over export restrictions that have been in place for four years, according to a report published by Reuters quoting information...

Toyota Stakes New Technology And Conventional Wisdom In The EV War

To make up for lost ground in battery electric vehicles, Toyota has turned to self-propelled assembly lines, enormous die casting, and even traditional hand polishing at its facilities in Japan's industrial heartland.   The top-selling automaker in the world believes that by fusing new...

Morale Of Amazon Devices Unit Declines Due To Layoffs And A Poor Pipeline For Product Development

Some employees in Amazon's once-storied hardware division, which produces well-known products like the Kindle reader and Echo voice-assistant, claim morale has worsened as a result of staff reductions and a pipeline of products that they believe won't be commercial successes.   The division,...

In France, Apple Will Upgrade The iPhone 12 Due To Radiation

Following radiation concerns, Apple will update its iPhone 12 in France, according to the nation's digital minister. According to Jean-Noel Barrot, Apple will soon release a software update for users in the nation.   Following the discovery of excessive electromagnetic radiation by a...

Police In China Apprehend Employees Of The Evergrande Wealth Unit

Police in Shenzhen, southern China, have detained employees of the wealth management division of controversial real estate developer Evergrande.   Police urged the public to report any suspected fraud incidents in a social media post.   A newly established state-owned insurer was...

Google Is Almost Ready To Unleash Gemini, Its AI Software

Prior to the much-anticipated release of its conversational artificial intelligence software Gemini, Google is said to have taken a giant step. According to a story from The Information, the tech behemoth owned by Alphabet has granted access to the future AI software to a select number of...

As EU Investigation Intensifies, Apple Attempts To End The French iPhone 12 Controversy

In order to resolve a dispute over radiation levels, Apple promised on Friday to upgrade the software on iPhone 12s in France. However, worries in other European nations suggested Apple may need to take similar steps abroad.   Following tests that the country claimed revealed violations of...

Biggest IPO Of The Year: SoftBank's Arm's IPO Valued At $54.5 Billion

Seven years after the parent company SoftBank Group Corp took the firm private for $32 billion, chip designer Arm Holdings Plc achieved a $54.5 billion valuation in its U.S. initial public offering (IPO) this week.   Compared to the $64 billion value at which SoftBank last month acquired the...

Gigacasting 2.0: Tesla Quietly Revolutionises The Automobile Industry

Tesla had merged a number of advances into a technological leap forward that might change the way it produces electric vehicles and aid Elon Musk in achieving his goal of halving production costs, according to report quoting sources with knowledge of the matter.   The business invented the...
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