Business| Startup | TECH
On Wednesday, the Trump administration gave a second reprieve to Huawei this week when they allowed some suppliers to restart sales to the Chinese company after it was placed on a trading black list six months ago due to security concerns. According to the Commerce Department, they have started issuing […]
In a landmark listing in Hong Kong, e-commerce giant Alibaba Group succeeded in raising up to $12.9 billion. This is the city’s largest sale in nine years and established a world record for a secondary share sale cross-border. Hong Kong experienced its first slide into recession in almost a decade […]
On Wednesday, a racketeering lawsuit was filed by General Motors against Fiat Chrysler Automobiles. GM alleged that its competitor had been bribing United Auto Workers (UAW) for years to gain advantages and corrupt the bargaining process, thereby costing the company billions of dollars. The company also alleged that the chief […]
In a blog post published on Wednesday, Alphabet Inc.’s Google announced that it would no longer give advertisers the ability of targeting election ads using data, such as general political affiliations and public voter records. This move comes at a time of rising pressure on social media platforms over the […]
Google’s ‘Project Nightingale’ program was collecting health data of millions of Americans, which has prompted a federal inquiry to be launched. According to The Wall Street Journal, the probe was initiated on Tuesday by the Department of Health and Human Services’ Office for Civil Rights. Roger Severino, the office director, […]
U.S. President, Donald Trump and Tim Cook, Apple Inc.’s CEO, are expected to tour the company’s operations in Texas where their products are made. According to people familiar with the matter, the tour will take place as early as next week for showcasing companies that provide jobs in the country. […]
The Singles’ Day sale is the world’s largest shopping festival and according to Alibaba’s data, Chinese shoppers stocked up on facial masks, baby milk powder and food supplements. Amongst the biggest winners were names like Nestle and L’Oreal. The annual shopping blitz held by the Chinese ecommerce giant started on […]
Steve Wozniak, Apple’s co-founder, joined in the ongoing online discussion regarding the gender discrimination accusations by the iPhone maker’s credit card algorithm. This further increased the scrutiny of the newly introduced Apple Card. The initial criticism had been made by David Heinemeier Hansson on Thursday. The entrepreneur made a series […]
For Uber, Latin America was a safe haven for a long time, but in the latest financial results of the company, it turned out to be one of the worst regions for the company. This is due to the fact that registered growth of just 2%, thereby becoming the weakest […]
Minority shareholders are suing WeWork officials, including former Chief Executive Officer and co-founder Adam Neumann. Their aim is to recoup some of their losses that were incurred when the initial public offering was pulled by the shared workspace provider, causing the value to plunge in excess of 87%. The proposed […]
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