Strong sales of its COVID-19 vaccine and other medicines helped Pfizer nearly double its second-quarter revenue and boost its profit an impressive 59 per cent, beating Wall Street expectations and leading the drug giant to sharply hike its 2021 sales and profit forecasts. Amid the surging ...
REUTERS: Content platform provider Contentful said on Wednesday it raised US$175 million in a funding round led by investment giant Tiger Global, bringing the German company's valuation to US$3 billion. Founded in 2012 by European tech entrepreneurs Sascha Konietzke and Paolo Negri, the ...
BEIJING: Beijing on Wednesday (Jul 28) told Tencent and other tech developers to address "harassing" pop-up windows on their apps, in the latest salvo in China's battle against the sector. The order came as a Chinese bike-sharing firm scrapped plans for a New York IPO as Beijing also tightens...
NEW YORK: Boeing landed its first quarterly profit since 2019 due to a recovering commercial aviation market that will enable the company to cut fewer jobs than initially planned, according to results released Wednesday (Jul 28). The aviation giant reported a second-quarter profit of US$587 ...
The global chip shortage has grounded major automotive factories to a halt but pushed technology giants to become more flexible by diverting existing supplies to their most profitable products, analysts and executives said.
REUTERS -European electric vehicle charging company Allego will go public through a merger with a blank-check firm backed by private equity giant Apollo Global Inc, in a deal valuing the equity of the combined company at US$3.14 billion. The deal with Spartan Acquisition Corp III announced on ...
British telecom operator Vodafone said on Wednesday it had partnered with information technology firm Unisys to launch 'Vodafone Digital Factory' to boost its range of IT services as businesses digitise their activity amid the pandemic.
Concerns about pollution and the environment could see drone displays - such as the one featured in the Tokyo Olympics opening ceremony - replace fireworks as the light show of choice in the night sky.
Canada's e-commerce giant Shopify Inc beat second-quarter revenue expectations on Wednesday, on the back of a resilient online shopping trend precipitated by the COVID-19 pandemic.
Russian internet giant Yandex on Wednesday reported a 34per cent rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles (US$4.49-US$4.63 billion).
