Amazon condemns Reliance’s acquisition of Future Stores as ‘fraud’

Amazon.com Inc. has taken an offensive stance in its longstanding dispute with two Indian retailers, accusing them on various newspaper ads as ‘fraud’ after Reliance Industries suddenly acquired several Future Retail stores. Am....

Ford to double down on its electrification drive for European nations

U.S. automotive giant Ford Motors Co. has reportedly unveiled its plan of launching 7 electric models in Europe, a battery assembling plant in Germany, and a nickel cell manufacturing unit in Turkey to double down on its EV push in the cont....

FMCG, fuel costs inflating as Ukraine conflict causes prices to surge

The global supply chain had just begun to recover from the prolonged COVID-19 pandemic when Russia unleashed a war on Ukraine. The 145-year-old London Metal Exchange was halted nickel trading and canceled trades last week, after the doubli....

Pfizer begins testing its COVID-19 pill for children aged between 6-17

Pfizer Inc. recently announced that it has started a middle-to-late-stage study of its COVID-19 pill for non-hospitalized kids aged between 6-17 years, who are likely to be at high risk of developing severe disease. Pfizer's antiviral ....

White House reveals thorough plans to better regulate cryptocurrency

In an executive order, the White House has announced some strategic and comprehensive plans for cryptocurrency regulations. The Biden administration has described the latest announcement as the first-ever in-depth approach by the government....

Ukraine and the U.S. face cybersecurity threats amid Russia’s invasion

New reports of hacking campaigns associated with Russia’s war in Ukraine have emerged, with the stories focusing on one of the most obvious aspects of the invasion: cyberwarfare. Many experts had predicted that Russia would launch cy....

Samsung halts shipments to Russia, to donate to USD 6 Mn to Ukraine

Samsung Electronics Co. Ltd. has reportedly halted its product shipments and services in Russia as well as donated USD 6 million to support Ukraine. The South Korean tech behemoth has become the latest multinational firm to comply with the ....

Pfizer to supply 10 million Paxlovid drug courses to emerging nations

Pfizer Inc. is likely to supply at least 10 million courses of the Paxlovid, the company’s COVID-19 antiviral drug, to low- and middle-income countries. The company might provide highly effective pills to a healthcare NGO called the G....

Stellantis to double down on electrification efforts to boost revenues

Automotive giant Stellantis reportedly expects to double its revenue to USD 335 billion a year by 2030 while maintaining high-profit margins as it intensifies its efforts to roll out electrified versions of its popular cars, RAM pickup truc....

Toyota’s first EV set for mid-2022, promises to address battery qualms

Entering late in the battery electric vehicle (BEV market), Toyota Motor Corp is now looking to close the gap with its rivals by directing all its efforts towards making its first mass-market model safer and economical in terms of mileage. ....

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