Oracle revenues exceed Wall Street estimations on cloud computing boom

Oracle Corp., a cloud and enterprise software company, has reportedly outperformed Wall Street expectations in terms of quarterly earnings and revenue, as more firms raised their cloud spending while migrating to a hybrid work environment. ....

Waylay Closes Series A Funding, Led by Yokogawa, PMV and AAAF

A leading, developer-friendly enterprise hyperautomation platform at the forefront of digital transformation, bringing order into enterprise automation chaos. GHENT, Belgium – June 13, 2022 – Waylay, a pioneering hype....

Yokogawa Invests in Waylay to Support Continued Rapid Expansion of Cloud-based Solutions

TOKYO, Japan and GHENT, Belgium – June 13, 2022 – Yokogawa Electric Corporation (TOKYO: 6841) and Waylay NV (“Waylay”) announce that Yokogawa has invested in Waylay, a leading Belgium-based enterprise informatio....

Google agrees to pay USD 118 million to settle gender disparity lawsuit

Google LLC will reportedly pay USD 118 million to resolve a gender discrimination class-action lawsuit that includes 15,500 women. Based on the verdict, the Alphabet-own tech giant will also hire an independent labor economist to review its....

Serum Institute to make Novavax’s COVID-19 shots after FDA’s approval

Novavax Inc. has announced that its COVID-19 adult vaccine (NVX-CoV2373) which is expected to be used in the U.S. after receiving the approval from the Food and Drug Administration (FDA), would be produced by the Serum Institute of India (S....

Hotel aggregator Airbnb accused of misleading customers in Australia

As part of an inquiry into global digital platforms, the Australian antitrust officials have registered a case against Airbnb Inc., alleging the hotel aggregator to have tricked customers into paying more for their stays than was advertised....

Samsung Biologics signs deal worth USD 81 million with Novartis Pharma

Various biotech firms are pushing for technological advancements through R&D and strategic collaborations to gain a competitive advantage. To that end, Samsung Biologics, the biotech division of the conglomerate Samsung Group, has repor....

Chinese ride-hailing giant Didi surges 50% as cybersecurity probe ends

China is reportedly concluding its cybersecurity probe on the ride-hailing giant Didi Global Inc. after which the company shares rose about 70%. The recent development echoes Beijing's continued attempts to boost economic growth. Did....

Tata Starbucks’ revenue surges 76% to USD 81 million last fiscal year

Cafe company Tata Starbucks Private Limited has reported a 76% increase in its revenue to USD 81 million for the financial year 2021-22, as its net loss reduced significantly with easing Covid restrictions. According to the latest annual....

U.S. looking to investigate Chinese firms over export sanction issues

According to U.S. Commerce Secretary Gina Raimondo, the Biden administration is actively considering placing more Chinese enterprises on the national budgetary blacklist over concerns that some companies are trying to dodge US sanctions. Fo....

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