Porsche is an automobile manufacturer that was founded in 1931 with its headquarters in Stuttgart, Germany. The luxury vehicle company recently announced the launch of its 1,093 horsepower electric vehicle, the Porsche Taycan Turbo GT. Boasting of two power motors, the EV is equipped with a launch control feature that boosts its power output, slinging…
Airbnb bans Indoor Security Cameras
Airbnb, the platform where home owners can list their properties for long term or short term stay, has announced the ban of indoor security cameras in properties. Previously, home owners also referred to as hosts had the option of placing security cameras in common areas living corridors, as long as it was mentioned in the…
China: $27 Billion Semiconductor Investment
The China Integrated Circuit Industry Investment Fund is government guidance fund that was founded in 2014 with its headquarters in Beijing, China. It is an investment management company that aims to help the country attain its primary goal of self reliance in the semiconductor industry. According to recent reports, China is looking to fortify its…
Nikon Acquires RED
Nikon Corporation is a Japanese company that specializes in optics and imaging. It was founded in 1917 with its headquarters in Tokyo, Japan. Nikon produces cameras, camera lenses, binoculars, microscopes, rifle scopes, and other related gear. It is the world’s second-largest optics manufacturer. According to reports, Nikon has announced that it acquired RED digital cinema…
Sorare to Layoff 22
Sorare is a sports management video game that was founded in 2018 with its headquarters in Paris. The game offers a fantasy sports and marketplace experience powered by the blockchain technology. Boasting of over 3 million users, the company was valued at over $4 billion USD as of 2021. According to recent reports, Sorare has…
Hyundai Recalls 36,408 Vehicles
Hyundai has issued a recall of 36,408 vehicles in Canada due to a fault with the trunk release latch. Transport Canada released the report recently, stating that affected units could have a problem opening the trunk if the emergency release latch fails. The recall further mentions that the models affected are Hyundai Elantra manufactured between…
Accenture to Acquire Udacity
Accenture plc is an Irish-American company that specializes in information technology (IT) services and consulting. It was founded in 1989 with its headquarters in Dublin. Accenture was the largest consulting firm in the world by number of employees as of 2022. According to reports, Accenture has announced plans to acquire the online learning platform Udacity,…
BowFlex Files for Bankruptcy
BowFlex Inc. formerly known as Nautilus, Inc., is a marketer, and manufacturer of fitness equipment. It was founded in 1986 with its headquarters in Washington, USA. According to reports, BowFlex recently filed for Chapter 11 bankruptcy as a result of post-pandemic and macroeconomic conditions. The report further mentions that Johnson Health Tech would acquire all…
Apple: $1.95 Billion Antitrust Fine
Apple, the multinational technology company, has been fined a total of $1.95 billion USD (€1.8 billion Euro) by the European Commission. This fine was imposed on the technology giant for supposedly abusing its dominant position in the music streaming distribution market. According to the report, Apple restricted iOS application developers from informing users about other…
General Motors to Recall 570,434 Vehicles
General Motors has issued a recall of 570,434 pickup trucks in the United States and Canada due to a potential safety issue involving the trucks tailgates. The National Highway Traffic Safety Administration (NHTSA) stated that the electronic gate-release switch on the tailgate may short circuit if soiled, causing the tailgate to open while the car…