Telephone Stock Company of LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company. It was founded in 1876 and is headquartered in Stockholm. The company specializes in information and communications technology for telecommunications service providers and enterprises, including 3G, 4G, and 5G equipment, IP, etc. It also invented Bluetooth technology…
Dell to Layoff 6,000
Dell Technologies Inc. is an American multinational technology company. It is headquartered in Round Rock, Texas and was established in 2016 after a merger with the EMC Corporation. Dell’s products include personal computers, servers, monitors, computer software, etc. According to reports, Dell has announced plans to lay off 6,000 employees in a bid to cut…
Stellantis Recalls 284,982 Vehicles
Stellantis has issued a recall of 284,982 vehicles in the United States due to faulty side curtain airbag inflators. According to the notice from the National Highway Traffic Safety Administration (NHTSA), moisture may get into the inflators due to a manufacturing defect and cause corrosion and possibly crack the inflators. There hasn’t been any report…
Stellantis to Layoff 400
Stellantis N.V., the multinational automotive company, has announced plans to lay off about 400 employees in the engineering, technology, and software division in the US as part of a restructuring initiative aimed at reducing costs as the company transitions from combustion engines to electric vehicles. The report further mentions that Stellantis plans to launch 18…
Nestlé USA Recalls 440,500 Metallic Mugs
Nestlé S.A. is one of the largest food and beverage companies in the world by revenue. It is headquartered in Vevey, Switzerland and was established in 1905 after a merger of the Anglo-Swiss Milk Company. It has operations in over 190 countries with about 2,000 brands in its portfolio, including well-known names like Nescafé, Kit…
Hyundai and Kia to Recall 147,110 Vehicles
Hyundai and Kia have issued a recall of 147,000 electric vehicles (EVs) in the US due to a problem with the charging control unit. According to the notice from the National Highway Traffic Safety Administration (NHTSA), the integrated charging control unit (ICCU) responsible for charging the car’s 12-volt backup battery may become damaged and stop…
Reddit: Welcome to the IPO League
Reddit is a social media platform where registered users rate contents posted by other users. These contents can be site links, texts, images, or videos, and the rating is done by either up voting or down voting the posted contents. The company was founded in 2005 with its headquarters in California, USA, and boasts of…
India: $20 Billion Renewable Energy Plant
Adani Green Energy Limited (AGEL) is India’s largest renewable energy company, founded in 2015 with its headquarters in Ahmedabad, India. It is a subsidiary of Adani Group, a multinational conglomerate founded by Gautam Adani in 1988 as a commodity trading business, which specializes in sea and airport management, electricity generation and transmission, mining, natural gas,…
Intel: $8.5 Billion Semiconductor Investment
The CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law in 2022. The act provides around $53 billion in funding to support the growth of domestic research and manufacturing of semiconductors in the United States. According to recent reports, the division will make an…
Google: $270 Million Fine
Google has been fined a total of $270 million USD by the competition authorities in France, over the unlawful use of contents from news publishers. The Autorité de la concurrence (Competition Authority) is the national competition regulator in the country that prevents anti-competitive practices. The report further mentions that the country’s competition authorities discovered that Google…