Apple Said to Delay Plan to Have Staff in Office 3 Days a Week

Apple delayed a plan to require workers to come back to the office three days a week, citing a resurgence in COVID-19 cases, marking the latest setback in its efforts to return to normal. The company informed employees Tuesday that it’s delaying the requirement, which had been slated to go into effect on May 23, […]

Disney+ Grows to Nearly 138 Million Subscribers Worldwide

Disney on Wednesday said its profit slipped in the recently ended quarter but its theme parks and streaming service Disney+ were booming. The entertainment giant reported net income of $470 million (about Rs. 3,645 crore), just over half of the $912 million (about Rs. 7,075 crore) profit it made in the same period a year […]

Cyberattacks’ 2021 Global Cost Topped $6 Billion: Italian Defence Firm

The global cost of cybercrime topped $6 trillion (roughly Rs. 4,63,52,100 crore) last year, as the coronavirus pandemic caused online activity to soar, the head of Italian defence, security and aerospace giant Leonardo said Tuesday. “New cybersecurity threats over the last two years have been a ‘collateral damage’ of the COVID-19 pandemic and the acceleration […]

Raghuram Rajan Roots For “Inclusive Ways” To Revitalise World Economy

Raghuram Rajan discusses how to revitalise world economy Former RBI Governor Raghuram Rajan has stressed the need to “revitalise the world economy” by dissecting various prevalent or growing problems across the world today.  In a report published in Financial Times, Mr Rajan foresaw that a “perfect economic storm engulfs industrial countries”.  While the claim may […]

Tesla Said to Have Halted Production at Shanghai Plant

Tesla halted production at its Shanghai plant on Monday due to issues with securing parts for its electric vehicles, two people familiar with the matter said, the latest in a series of difficulties for the factory. Shanghai is in its sixth week of an intensifying COVID-19 lockdown that has tested the ability of manufacturers to […]

NFTs Said to Be Used in Shanghai to Record COVID Lockdown, Combat Censorship

Shanghai residents are turning to the blockchain to preserve memories of the city’s month-long COVID-19 lockdown, minting videos, photos, and artworks capturing their ordeal as non-fungible tokens to ensure they can be shared and avoid deletion. Unable to leave their homes for weeks at a time, many of the city’s 25 million residents have been […]

Amazon Ends Paid COVID-19 Leave Policy for US workers

Giant online retailer Amazon.com will end its paid time-off policy for employees with COVID-19 from May 2, the company told US-based staff on Saturday. The change follows the availability of COVID-19 vaccines and revised guidance from the USA’s Centres for Disease Control and Prevention, it said. The US-based staff will now get five days of […]

Amazon’s Net Loss Prompts Query: Has It Built Too Many Warehouses?

In recent years, Amazon has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand. It turns out, Amazon may have built too much, too soon, analysts say. The world’s largest online retailer on Thursday reported $2 billion (roughly Rs. […]

Apple Supplier Foxconn Suspends Production at 2 China Factories

Apple’s prime supplier Foxconn Technology Group halted operations at two of its factories in eastern China’s Kunshan after new COVID-19 cases were reported on site, the South China Morning Post reported on Monday. The operations at those plants have been suspended since Wednesday last week, with all employees confined to dormitories inside, the report said. […]

Apple Supplier Unimicron Partially Resumes Production in China

Taiwan’s Unimicron Technology said on Thursday that one of its two plants in eastern China’s Kunshan would remain closed to comply with COVID-19 curbs but the other would resume production. Unimicron, a chip substrate and printed circuit board maker that supplies Apple and Intel, said in a statement one plant had resumed some production under […]

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