Nvidia, the software and fabless design multinational technology company has announced its latest artificial intelligent chip. This new chip named B200 Blackwell, is reportedly 30 times faster than any prior release, as revealed by the company’s Chief Executive Officer, Jensen Huang. The report also mentions the unveiling of several chips that will be used for…
Apple: $490 Million Settlement
Apple has supposedly agreed to an out of court settlement of about $490 million USD with its shareholders over a 2018 operational decline in China. The report claims that the multinational technology company issued false statements about the state of their business affairs in the region. The report further mentions that Apple’s executives, including Tim…
Unilever to Layoff 7,500
Unilever is a British multinational company. It is one of the largest producers of consumer goods worldwide, founded in 1929 with its headquarters in London, England. Unilever’s products include foods, condiments, ice cream, beauty products, etc., which can be found in about 190 countries. According to reports, Unilever has announced plans to lay off 7,500…
Sweden: Foodora to Launch Drone Delivery
Foodora is an online food delivery brand, a subsidiary of Delivery Hero, the German multinational online food ordering and delivery company. Foodora was founded in 2014 with its headquarters in Stockholm, Sweden. According to reports, Foodora has partnered with Tele2, a mobile connectivity firm, and Aerit, a drone manufacturer, to launch the Foodora Air Drone…
Joann files for Bankruptcy
Jo-Ann Stores, LLC, commonly known as JOANN, is an American haberdashery and mercery based in Hudson, Ohio. It was founded in 1943 and boasts 855 locations, with a specialization in textiles and notions. According to reports, Joann has filed for Chapter 11 bankruptcy protection as a result of declining sales in recent years after the…
Uber: $178 Million Class Action Lawsuit
Uber, the ride-hailing and freight transport company, has reportedly agreed to pay $178 million USD to settle a class action lawsuit by Australian taxi operators and drivers who accused the company of breaking laws requiring taxis and hire cars to be licensed. The lawsuit was filed in 2019 on behalf of 8,000 taxi and hire…
BestBuy Recalls 287,300 Air Fryers
BestBuy has issued a recall of 287,300 Insignia air fryers sold in the United States and Canada due to fire hazards. According to the notice from the US Consumer Product Safety Commission, the handles of the air fryer can overheat and melt or break, which can pose fire and burn risks. The recall affects 187,400…
TikTok: $10.94 Million Antitrust Fine
The Italian Competition Authority, also known as ICA, is the competition regulator in Italy. It was established by law in 1990 and is responsible for enforcing laws against conflicts of interest for holders of public office in both Italy and Europe. According to reports, Italy’s antitrust authority fined TikTok €10 million ($10.94 million USD) for…
Hyundai to Recall 28,439 Vehicles (USA)
Hyundai has issued a recall of 28,439 vehicles in the United States of America due to a defect in the engine section. The report mentions that the oil leak could lead to a fire in the affected vehicles engine area. The vehicles that are being recalled include the 2018 – 2020 Genesis G80, 2017 –…
Hyundai and Kia to Recall 169,932 Vehicles
Hyundai and Kia issued a recall of about 169,932 electric vehicles (EVs) after the transport ministry in South Korea discovered issues with the charging system’s software. The defect affects up to 5 of the company’s electric vehicle models but the report only lists the Ioniq and Genesis brands. The report further mentions that 113,916 Hyundai…