The Federal Aviation Administration (FAA) announced that it had changed course on authorizing pilots for the generation of electric vertical pull off and landing aircraft (eVTOL) but doesn't expect to delay the certification and gain operation approvals. The eVTO... Read More

According to an internal memo, EV major Tesla has temporarily halted most of its production at its Shanghai plant due to a lack of parts in China. The country has issued strict lockdowns as a part of its “zero COVID policy” which in turn has severely affected the nation’s supply ch... Read More

IKEA’s holding company Ingka Group is reportedly planning to invest USD 3.2 billion (3 billion euros) in new and current stores through 2023, with much of the investments going toward converting its signature out-of-town locations into e-commerce distribution hubs. Confirming the news, Tolg... Read More

Leading British real estate firms Capital & Counties Properties plc (Capco) and Shaftesbury plc are reportedly in advanced negotiations concerning a potential all-share merger that would bring London tourist attractions such as Soho and Covent Garden under one roof. As per the agreement, Shaf... Read More

A shareholder complaint has reportedly been filed against Netflix Inc. in a California court, accusing the streaming giant of deceiving the market about its potential to continue growing members in recent months. The lawsuit, which was filed in San Francisco’s federal court, seeks compensation... Read More

Paramount+, the global streaming platform of Paramount Global, will reportedly launch in India next year through a partnership with Indian production company Viacom18 Media Pvt. Ltd. Paramount President and CEO Bob Bakish outlined the global expansion plans for the streaming platform during his a... Read More

According to a copy of the stipulated election agreement, Apple Store employees have reached an agreement with the company to hold a union election on June 2nd in Atlanta. The development marks a significant move forward in the employee-led push to join the CWA (Communications Workers of America)... Read More

The extended lockdown in Shanghai, China’s financial hub has reportedly slumped the country’s booming meat trade, as well as stringent COVID-19 measures taken by the government of China, is causing logistics logjams across the food industry, and thus widening disruptions in businesses. ... Read More

Pony.ai, a self-driving vehicle company, and the Chinese tech giant Baidu Inc. have reportedly secured licenses to provide autonomous ride-hailing services on public roads in Beijing. Several cities in China have already permitted robotaxi vehicle companies to test self-driving cars without a saf... Read More

Warner Bros. Discovery has reported having added 2 million subscribers during the first quarter of 2022 as the mass media company tries to catch up with Netflix who revealed to have lost subscribers for the first time in a decade. Warner Bros. Discovery, formed through a merger between Discovery ... Read More