Mathew Cohen

Apple to Lose Millions of iPhones Due to Factory Turmoil

Apple Inc. is set to incur a production shortfall of up to six million iPhones following Covid-related turmoil at the company's key manufacturing hub of Zhengzhou in China. Health-related lockdowns have slowed down production at the Zhengzhou factory, while violent...

European States to Convene on Gas Price Curb

European Union member states are set to convene on Thursday to discuss strategies to curb gas prices. Rising gas prices have not only caused industry shutdowns but also left households struggling to pay their bills. Diplomats are struggling to...

Lyft to Launch Robotaxi Service in Los Angeles

Ride-hailing service Lyft announced on Thursday that it is partnering with driverless technology firm Motional to launch a robotaxi option for users based in Los Angeles. Faced with tough regulatory scrutiny, no specific release date for this service has...

Disney Looks to Freeze Hiring, Cut Jobs Amid Financial Uncertainty

Walt Disney Co is considering plans to freeze all hiring and cut jobs as the company faces economic uncertainty due to the losses incurred by its streaming service business. The news was shared on Friday in a memo from...

European Stocks Peak Amid Travel Boom

European shares closed at a more than seven-week high on Monday amid a tech and travel stock boom. The benchmark STOXX 600 index gained 0.3% during the day's trading, thereby extending its three-week gain. Gambling company Flutter Entertainment Plc and...

COVID Measures Push China’s Nio to Suspend Production

Chinese electric vehicle manufacturer Nio has decided to suspend production amid a rise in Covid-19 cases across the country, the company announced on Wednesday. The recent spike in cases has led to widespread disruptions to business activity across China. In...
spot_img

latest articles