Nintendo has cut its ambitious annual Switch sales forecast despite enjoying a strong Christmas Q3 quarter. The Japanese games giant recorded a 104.21 billion JPY ($958 million) net profit on revenue of 608.39 billion JPY ($5.59 billion) between October and December 2018. Revenue was up 26 percent year-on-year, which is an impressive feature given that quarter was…
Uber is suspending its professional taxi service in Barcelona from tomorrow almost a year after it re-entered the Catalan capital. The move follows the regional government agreeing new regulations for the vehicle for hire (VTC) sector aimed at making sure they do not compete directly with taxis. “The new restrictions approved by the Catalan Government…
Millions of people will have the opportunity to see a lunar eclipse – an event popularly known in the media as a “blood moon.” During such an eclipse, the full moon moves into the shadow of the Earth cast by the sun, and is momentarily darkened. Some sunlight still reaches the moon, refracted by the…
European airplane maker Airbus admitted yesterday a data breach of its “Commercial Aircraft business” information systems that allowed intruders to gain access to some of its employees’ personal information. Though the company did not elaborate on the nature of the hack, it claimed that the security breach did not affect its commercial operations. So, there’s…
It’s no secret that Google planned to pull life support from the consumer version of Google+, its failure of a social network, in April. Until now, though, we didn’t know the exact date. That date, Google announced today, is April 2. On that date, Google will start deleting all content, including Google+ pages, photos and…
At the tail end of Tesla’s earnings call today, Elon Musk dropped a surprise bit of news: the company’s CFO, Deepak Ahuja, will be retiring. “There is no good time to make this change,” said Ahuja, but noted that after two back-to-back profitable quarters, now might be the best time. Ahuja first served as Tesla’s…
In a bid to show that it’s getting ready for the electrification of American roads, Royal Dutch Shell is buying Greenlots, a Los Angeles-based developer of electric vehicle charging and energy management technologies. Shell, which is making the acquisition through its Shell New Energies US subsidiary, snatched the company from Energy Impact Partners, a cleantech-focused…
The Tesla Model Y — the SUV electric vehicle that CEO Elon Musk has been teasing and talking about since 2015 — will begin volume production by the end of 2020, the company said Wednesday in a letter to shareholders. The automaker, which has yet to show a prototype of the vehicle, said it will…
On Wednesday New York Attorney General Letitia James announced that her office had reached a settlement with Devumi, a company that made millions selling fake followers to unsuspecting customers. The state of New York found that Devumi had engaged in illegal deception and illegal impersonation in the course of fluffing up social media profiles with its…
Grab’s fundraising push continues unabated after the Southeast Asian ride-hailing firm announced that it has raised $200 million from Central Group, a retail conglomerate based in Thailand. Central’s business covers restaurants, hotels and more than 30 malls in Thailand, while it has operations in markets that include Vietnam and Indonesia. Its public-listed holding companies alone are worth more…
