News - Tech Market Reports

UK Antitrust Watchdog Opens Investigation Against Amazon, Google Over Fake Product Reviews

Google and Amazon are facing a probe by the Competition and Markets Authority (CMA) of the United Kingdom. The CMA said that the two companies are being probed over fake product reviews. British regulators said that these companies broke consumer protection law. Both the companies failed to do enough to protect shoppers from fake reviews […]

Billionaire Investor William Ackman Backed Pershing Square Signs Deal To Buy 10 Per Cent Of Universal Music

Billionaire investor William Ackman-backed blank-cheque company has signed a deal to buy a 10 percent stake in Universal Music Group from French Media company Vivendi SE. The deal is worth USD 4 billion, both companies confirmed. The announcement came apparently at a very strange time to capture a time when the global stock markets are […]

Microsoft Elects Chief Executive Officer Satya Nadella As Chairman, John Thompson Remains On Board

Microsoft Corporation has named chief executive officer Satya Nadella as the chairman of the company’s board. This has strengthened Nadella’s position at the largest software maker in the world. He was elected as the chair following a unanimous vote of the company’s board. Nadella has replaced John Thompson as the chairman. With this, Thompson will […]

Royal Dutch Shell Mulling Possible Sale Of Largest US Oil Field In A Bid To Cut Emissions

Oil giant Royal Dutch Shell is reportedly mulling on the possibility of selling its largest oil field in the United States. The oil company is deliberating on the move so that it can shift focus on its most profitable assets of oil and gas. According to people familiar with the matter, this is also important […]

Walmart Aims To Empower 740,000 Employees By Giving Them A Free Samsung Smartphone By End Of This Year

Walmart has said that it would be giving a smartphone to half of its workforce in the United States by the end of the year. According to the retail giant, it will give Samsung smartphones to around 740,000 workers. The phone will be for both professional and personal use. Employees would get the Galaxy XCover […]

Hyundai Motor To Temporarily Suspend Operations At US Plant On Account Of Chip Shortage, Maintenance Activity

Carmaker Hyundai Motor has announced to halt operations at its US plant. Hyundai Motor is a South Korean multinational automobile manufacturer. It is also Korea’s biggest carmaker by sales. The company said that it will soon suspend its plant in the US for three weeks. It said that there is a lack of semiconductors at […]

A Testing Lab Called Valisure Raises Alarm Over Carcinogen Contamination In 78 Sunscreens In The Market

A testing lab named Valisure has asked the US Food and Drug Administration (FDA) to recall around 78 sun care products from the market as a carcinogen has been detected in these sunscreens. The testing lab has sent a petition to the FDA warning that these sun care products have been found to have unsafe […]

The Officials From The CDC Decide Not To Examine Mild Cases Of Coronavirus Among Fully Immunized People

Health experts have been warning that no vaccine can fully protect from the SARS-CoV-2 virus. They have said that so-called breakthrough incidents of coronavirus among fully vaccinated people are rare and highly unlikely to cause severe or fatal COVID19 disease. Federal health officials have said that people who have been vaccinated with full two doses […]

Boeing Again Halts Deliveries of 787 Dreamliner, Providing Federal Aviation Administration details of proposed Fixes

The trouble seems not to be over for Boeing as it once again has to halt deliveries of the 787 Dreamliner. The halt comes just two months after restarting it. Boeing is now working with the Federal Aviation Administration of the United States to get regulatory approval. It must be noted that the development comes […]

Experts Say Million Of Doses Of COVID19 Shots Are Left Unused In The US While The World Goes Frantic For Shots

Health experts have said that despite many lucrative offers such as lottery winnings, amusement park tickets, and cold hard cash, many people in the US have left tens of millions of doses of COVID19 shots unused. The government officials have said that around 53 million doses of COVID19 vaccines are sitting on the shelves unused. […]

Ahead Of Public Listing, Office Sharing Startup WeWork Reports Quarterly Loss Of Over USD 2 Billion

WeWork has reported a net loss of USD 2.1 billion in the first quarter of this year. According to the documents of the office sharing startup, work from home and lockdowns because of the coronavirus pandemic led to the sharp increase in the loss of the company. The losses sharply increased from USD 556 million […]

Snap Buys UK-Based AR Display Provider Startup WaveOptics For USD 500 Million As It Releases Augmented Reality Glasses

AR display is driving the market now. The American multimedia giant Snap has acquired WaveOptics. It is an AR startup. The company makes projectors and waveguides that are used in AR glasses. WaveOptics will provide service to Snap’s optical systems, spectacles augmented reality glasses. Snap is the parent company of popular social media platform Snapchat. […]

JetBlue founder David Neeleman’ Low-Cost Airline Breeze Airways To Debut With USD 39 Fares

The aviation industry, one of the worst affected because of the coronavirus pandemic-induced lockdown, is slowly limping back towards normalcy. As pandemic wanes, airlines are doing every bit to cash in on a rebound. However, the airlines in the United States are going to face yet another competitor in the skied. JetBlue Airways founder David […]

Colonial Pipeline CEO Joseph Blount Confirms Paying USD 4.4 Million Ransom To Hackers

Days after Colonial Pipeline was hit by a cyberattack, company’s chief executive officer Joseph Blount has confirmed that he authorized paying USD 4.4 million to hackers. This is the first time when the CEO has publically confirmed that a ransom had been paid. The acceptance comes after repeated refusals from the Colonial Pipeline over the […]

Amazon to hire around 75,000 logistics workers In The United States, Canada; To Offer USD 100 Bonus For Getting Vaccinated

Amazon is apparently on a hiring spree because of the increase in online orders which has been on the rise ever since the coronavirus pandemic hit last year. The e-commerce giant has announced that it would hire around 75,000 logistics workers in the United States and Canada. The company said that workers will be employed […]