Israeli chipmaker Tower Semiconductor announced on Wednesday its plans to invest an extra $150 million into its efforts to boost its production capacity. According to a company forecast, this year promises to provide record revenue as a result of an unprecedented level of demand.
With certain economies recovering fairly quickly...
After becoming the first African country to begin a national vaccination campaign two weeks ago, Morocco is expected to receive an order of 4 million doses of the AstraZeneca vaccine on Thursday. The doses that are expected to arrive were manufactured by the Serum Institute of India.
According to health...
Brazilian healthcare technology startup Alice raised $33 million in its latest round of funding, the company revealed in a statement on Thursday. The new round was led by the Boston-based venture capital firm ThornTree Capital Partners, with existing investors such as Kaszek Ventures, Canary, and Maya Capital also getting...
Rivian Automotive Inc., an electric-vehicle startup that has received financial backing from both Amazon.com Inc. and Ford Motor Co., is determined to go public as soon as September 2021. According to sources that are familiar with the company, Rivian is expecting a valuation of $50 billion at the time...
Hong Kong Health Secretary Sophia Chan announced on Wednesday that the city plans to ease coronavirus restrictions from February 18th onwards. This will see the reopening of sports and entertainment facilities as well as the extension of dining hours in restaurants.
While catering businesses will be permitted to remain open...
The price of oil rose yet again on Wednesday, consequently resulting in the commodity extending its longest streak of gains in the last two years. This price hike is the result of falling U.S. crude stockpiles which are contributing to the shortage of global supply.
The rise in the value...
Electric vehicle charger manufacturer Blink Charging Co. has posted a 3,000% stock gain over the past eight months, making it one of the most in-demand stocks in the United States. Surprisingly, this climb comes after 11 successive years during which the company was unable to turn a profit. In...
In response to the current global semiconductor shortage, Volkswagen has called on European governments to allocate more capital towards boosting the chip manufacturing sector.
According to Markus Duesmann, the Volkswagen board member in charge of research & development and head of luxury unit Audi, the German vehicle manufacturer will not...
Since the initial outbreak of the COVID-19 pandemic, nationwide as well as global shutdowns have resulted in the crippling of the hospitality industry, with over 3.9 million hospitality workers being left jobless since the start of the pandemic in February 2020. In response to this dire circumstance, CareerBuilder CEO...
The government of the United Kingdom has reportedly entered into talks with numerous pharmaceutical companies over the possibility of receiving early access to modified versions of existing coronavirus vaccines. This move comes as the United Kingdom looks to secure its place as one of the first countries to receive...