Cloudflare aims for $5 billion in 5 years, reaches $1 billion run rate

Cloudflare, the internet infrastructure and security firm, reportedly released its profits this week, marking a significant accomplishment. The corporation is operating at a run rate of over $1 billion for the first time with close to $254 ....

Apple supplier Pegatron moves iPhone 14 production from China to India

Pegatron Corp., a Taiwanese manufacturing company for Apple Inc., has reportedly started building the most recent iPhone 14 model in India. Pegatron will now be the 2nd Apple supplier to manufacture the iPhone 14 in the nation as a res....

WhatsApp officially introduces its new discussion feature, Communities

WhatsApp, the popular social media app, is reportedly launching a new feature, Communities, which will offer larger and more organized discussion groups. This feature entered the testing phase during the early months of 2022. Apart from ....

Musk to charge $8 a month for Twitter blue tick verified accounts

Elon Musk, the American business magnate and Tesla boss has reportedly announced to charge a monthly fee of $8 from Twitter users who want a blue tick by their username that indicates a verified account. Musk stated that it was necessary....

British Petroleum’s huge profits raise calls for a higher windfall tax

British Petroleum, the UK-based oil company, has reportedly posted a huge profit in the third quarter of this year because of the skyrocketing oil and gas prices worsened by the Russia and Ukraine war, which has increased the demand for a h....

Australia’s renewable energy contribution to main grid hits 68.7% high

The production of renewable energy reportedly set a new milestone on Friday, briefly providing over two-thirds of the power in the main grid of Australia. The Australian Energy Market Operator (Aemo) reported that the milestone was reach....

Global semiconductor sales fall by 3% for the first time since 2020

Global semiconductor sales have reportedly dropped for the first time since early 2020, marking gloomy news for the South Korean economy, which is heavily dependent on the sector and is finding it difficult to respond to the decline in dema....

Amazon suffers steep loss in Q3 2022 due to high inflation post-covid

Amazon, the renowned American e-commerce giant, has reportedly experienced significant year-over-year revenue declines as post-pandemic shopping patterns and inflation caught the firm off guard. As per Amazon's Q3 2022 financial repo....

Global CO2 emissions to peak in 2025 marking a historic turning point

Global carbon dioxide emission from energy will hit a record high in 2025 as a result of dramatically increased government investment in clean fuels propelled by Russia's invasion of Ukraine. In its annual report on global energy, th....

Singapore Airlines’ shares jump after the redemption of its MCB rights

Singapore Airlines (SIA), the flag carrier of Singapore, shares reportedly jumped on Wednesday following the announcement to redeem the first round of its rights mandatory convertible bonds (MCB). Some investment firms upgraded their ear....