ByteDance, the Chinese multinational internet technology company that owns Tik Tok, is developing plans to manufacture semiconductors, a source close to the situation revealed to Reuters. The company also posted numerous job openings pertaining to chip production on its official website.
According to the source, ByteDance is looking to focus...
With the aviation industry in shambles following the outbreak of the coronavirus pandemic last March, engine maker Rolls-Royce plummeted to a record 4 billion-pound ($5.6 billion) loss for 2020. According to the British company's chief executive, the engine manufacturer still has enough funding to bounce back from this historic...
Pfizer Inc has approached the Indian government with an offer to produce doses of its COVID-19 vaccine locally. This is a rapid shift from the pharmaceutical company's initial stance, which was to import doses to India from the United States and European manufacturing facilities.
The proposal to produce vaccines locally...
The United States government is set to enter into a contract with pharmaceutical manufacturer Johnson & Johnson to purchase 100 million doses of the company's single-jab coronavirus vaccine, set to be administered during the second half of 2021.
According to CNBC, the U.S. President is expected to officially announce the...
The industry of electric vehicles is growing rapidly by the day, and thus there are countless companies battling to gain position for the head honcho spot. Tesla has always held a firm hold over its competitors in this field, but there's another company that experts are predicting will surprise...
Anglo-Dutch food delivery company JustEatTakeaway.com announced on Wednesday that it expects to realize another sales surge in 2021 following its skyrocketing full-year earnings for 2020. This initial surge in online orders was spurred by the lockdowns that came as a consequence of the coronavirus pandemic outbreak in March 2020.
JustEatTakeaway.com...
Australian health authorities revealed on Wednesday that the country is expected to complete its coronavirus vaccination drive by the end of October. With 100,000 vaccine doses having been administered since the start of the campaign, the Australian nation has expressed little concern over its relatively slow vaccination program, particularly...
A top South African health official revealed on Friday that the South African government is currently in talks with the African Union (AU) over the purchase of COVID-19 vaccines for 10 million people.
Before deciding to halt the rollout of its AstraZeneca shots, the South African government had previously...
Japanese holding company SoftBank has announced that it intends to double the number of users of its PayPay QR code payment app in the next three to four years. According to an executive at Z Holdings (SoftBank's internet subsidiary), the conglomerate is aiming to extend its lead in the...
Pharmaceutical manufacturer AstraZeneca has sold its entire 7.7% stake in U.S. biotech firm Moderna, raking in a revenue of more than $1 billion as a result. The English-Swedish company is looking to use the income from the sale to expand its own internal operations, namely by developing its own...