Snap to lay off employees after witnessing disappointing Q2 revenues

Snap Inc. is reportedly in the early stages of planning for job cuts, which are being driven primarily by the company's recent underwhelming financial results. The cutbacks are planned because the instant messaging service failed to for....

BMW optimistic about heated seats subscription despite ongoing row

BMW, the German luxury automaker, believes the controversy over its subscription service for heated seats and steering wheels will soon be over. The automaker is placing abundant faith in its digital services to not only enhance customer ex....

Monkeypox declared state of emergency by the Government of California

The Governor of California has issued a state of emergency for monkeypox to speed efforts to expedite the fight against the outbreak. In a statement, Gavin Newsom claimed that the state is working with the federal government to get more vac....

Australia mirrors European Union’s push to ban ICE vehicles from 2035

The country wants battery-electric and hydrogen fuel-cell electric vehicles to account for 90% of new automobile sales. There are also plans to add 70 chargers to the public infrastructure network by 2023. Australia is reportedly....

Amazon to hike its annual Prime fees in Europe to offset soaring costs

Amazon.com Inc. has recently announced that it would increase Prime subscription rates in Europe by up to 43% annually as it seeks to offset rising costs just days before it releases its quarterly financial results. The price increase co....

Australia sees surge in COVID-19 cases as Omicron sweeps the country

According to the official data, around 5,450 Australians have been admitted to hospitals on Monday (25th July) with COVID-19, setting a record as the spread of extremely infectious new sub-variants of Omicron puts pressure on the country....

IBM warns of USD 3.5 Bn forex hit despite beating revenue estimates

The stronger U.S. dollar led to a USD 900 million decline in Q2 revenue. IBM’s second-quarter revenues were supported by growing demand from the consulting and infrastructure sectors. IBM Corporation has reportedly surpassed....

COVID-19 vaccinations in India hits 2 billion mark in just 18 months

The Indian government's COVID-19 vaccination drive has reached 2 billion recently with the help of booster doses for all adults that are currently being administered to all people, although daily illnesses lately have reached a four-mon....

Food supply chain startup Wheelocity bags USD 12Mn in Series A round

Wheelocity, a supply chain startup that manages fresh food supplies for on-demand delivery platforms in India, has reportedly raised USD 12 million in the Series A fundraising round as it strives to expand its workforce and product offering....

Macau shuts casinos to tame COVID-19 spread as gaming shares drop

The greatest gambling center in the world Macau has reportedly shut down its 30-plus casinos and other businesses for one week, sending shares in gaming companies plummeting as the government battles to control the worst coronavirus ou....

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