Robots to take on more supermarket tasks

The next time you pack your bags at the supermarket checkout, give yourself a small pat on the back. A task which is so simple for humans - quickly and efficiently packing a bag of groceries of different sizes and shapes without crushing anything - is something that until recently has been beyond the abilities of robots. It requires vision syste...

Food delivery giant DoorDash files paperwork to go public

DoorDash, the on-demand food delivery company, is preparing to go public at a time when its services are in high demand due to the ongoing pandemic. The 7-year-old company made public its initial public offering paperwork on Friday, revealing that it has generated $1.9 billion in revenue in the first nine months of this year, ending in September...

New PlayStation and Xbox Arrive During a Pandemic Gold Rush

The video game industry has notched record spending and profit in 2020, but to sustain its growth, it must prepare to compete with the return of concerts, movie theaters and live sports. Gamers worldwide are expected to spend a record $175 billion on software alone in 2020, according to Newzoo, a gaming analytics firm, up from $146 billion a yea...

How e-commerce startup Little Jenaina champions local artisans in Tunisia

Tunisian businesswoman Iman Chaabane quit her high-flying corporate career in order to make a more meaningful societal impact, launching an e-commerce platform that champions local artisans and makers of all-natural goods. Now stocking 360 items spanning organic food, cosmetics and personal grooming products, sales at Little Jenaina have soared ...

Dubai’s Emirates Group reports first half-year loss in over 30 years

Emirates carried 1.5 million passengers between April 1 and September 30, 2020, down 95 per cent from the same period last year Dubai’s Emirates Group reported a 2020-21 half-year net loss of Dhs14.1bn, down from a net profit of Dhs1.2bn recorded during the same period last year. This marks the group’s first half-year loss in over 30 years. ...

Uber sees 'fundamental shift' in food delivery demand

Uber's food delivery business has more than doubled, as the pandemic increases appetite for online grocery orders and restaurant takeaway. The firm said revenue from its Uber Eats service hit $1.4bn (£1bn) in the three months to 30 September, jumping 124% from the same period in 2019. The growth helped offset steep declines in the firm's core r...

Banking giant Goldman Sachs lets in more women

Goldman Sachs, one of Wall Street's biggest names, is letting in more female partners along with minorities. The investment bank says almost half of its new partners will come from diverse backgrounds. Goldman Sachs has frequently come under fire for its "boys' club" mentality, promoting mostly white men to senior roles. Wall Street's most exclu...

Air France KLM opens Dubai office amid crisis

Air France KLM Group has opened its new regional headquarters in Dubai Airport Free zone as the carrier comes under renewed pressure from a resurgent coronavirus pandemic. The Air France KLM team relocated to the new offices in Dubai Airport Free zone which have been designed to support the group’s sustainability goals. “This announcement co...

Ferrari’s First Plug-In Hybrid Convertible Packs Powerful Punch

Ferrari NV unveiled a drop-top version of its debut plug-in hybrid, the second of what will be a series of electrified models from the Italian supercar maker. The SF90 Spider will match the 986 horsepower of its coupe counterpart, the SF90 Stradale, which debuted last year. Pricing in Italy starts at 473,000 euros ($559,000) and deliveries will ...

Another Noble Group Ex-CEO Gets $20 Million After Legal Battle

Noble Group Holdings Ltd., the commodity trader shrunken by years of losses and a multibillion dollar restructuring, has paid $20 million to former Chief Executive Officer Ricardo Leiman. The payment to Leiman, who left the company in 2011 -- several years before its 2018 restructuring was disclosed in a presentation accompanying Noble’s third...

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