Tata and Mahindra to work on managing worldwide chip crisis next year

Indian automotive giants Tata Motors and Mahindra & Mahindra Ltd. are reportedly looking into ways to deal with the global semiconductor chip shortage in 2022 to avoid any production disruptions. The development comes as the duo managed....

France surpasses 100,000 mark in COVID-19 cases for the first time

France has recorded around 104,611 COVID-19 cases, a record high for the country since the pandemic began back in March 2020. Saturday (25th Dec) was the third day in a row the country reported to have record-breaking levels of infection. ....

Apple shuts stores over COVID-19 concerns, encourages online purchase

The company has closed seven of its stores in the last two days. Apple is introducing free two-hour shipping to support Christmas shopping for customers. Numerous Apple Stores have been temporarily shut down following a recent spike in....

AstraZeneca, Oxford team up to develop vaccine for the Omicron variant

AstraZeneca recently announced to have collaborated with Oxford University to develop a vaccine for the Omicron Coronavirus variant, joining the growing list of vaccine developers that are currently working on creating the vaccine. The dru....

Nike beats revenue expectations amidst high demand from North America

Nike's second-quarter sales had increased by 12% in North America. Even the company's overall revenue had surged by 1%, reaching 11.36 billion in the second quarter. Nike Inc. has reportedly surpassed quarterly revenue and prof....

Banking job exodus from London to the EU slows down despite Brexit

According to reliable sources, the number of financial jobs migrating from Britain to the European Union owing to Brexit has been lower than initially estimated. The situation prevailed even as London was deprived of its access to most EU m....

BMW encounters USD 5 Mn lawsuit over faulty design of cupholders

In California, a lawsuit has reportedly been filed against BMW, alleging that the BMW X7 and other models have a design defect involving cupholders. The action was filed in the United States District Court by BrightK Consulting Inc, repres....

U.S. retail sector revenue dampened by inflation, shortages in November

U.S. retail sales reportedly grew at a lower-than-expected rate in November, which was most likely an effect of citizens flocking to stores during the previous month to avoid empty shelves before the upcoming holiday season. A notable shif....

Zara’s parent and H&M witness strong sales recovery from pandemic woes

Zara’s owner Inditex along with H&M have reportedly recorded a surge in sales volumes that reached pre-pandemic levels, as the two leading fashion retailers witnessed rapid demand recovery despite challenges in global supply chain....

Serum Institute aims to launch Novavax shot for children in 6 months

Novavax COVID-19 vaccine will be for children aged from 3 and above. Serum Institute of India (SII) has decided to halt vaccine production as supply has outpaced demand. World's largest vaccine manufacturer, Serum Institute of....

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