According to the competition watchdog of the United Kingdom, the Competition and Markets Authority (CMA), a pledge to crack down on the trade of fake and misleading reviews on their sites has been made by Facebook and eBay. The CMA said that agreement aimed to better identify, investigate and respond to illegal reviews have been…
After announcing that it would put a ban on all forms of political ads on its social media platform, Twitter has now said it is going to test run a new feature that will allow its users to control who can reply to their posts and even completely block replies from other users to their…
On Thursday, Aireon, a U.S. aircraft surveillance firm stated, it has collected the position data from the Ukraine International Airlines jet that crashed in Iran on Wednesday. Aireon is sharing this data with the appropriate authorities, said is spokeswoman. Aireon’s satellite-based global tracking system captures more detailed data than is available on commercial websites like…
On Wednesday, China’s central bank stated an application by a unit of American Express Co (AmEx) had been accepted. The status of the application was revealed in an official social media post from the People’s Bank of China (PBOC). The post did not elaborate on when AmEx can start operations in the country. In November…
On Wednesday, Mercedes-Benz and Zhejiang Geely Holding Group Co Ltd stated, they would each invest $388.77 million (2.7 billion yuan) in a China-based venture to build “premium and intelligent electrified” vehicles under the smart brand. The 50:50 joint venture has already got regulatory approval and will be based in the Chinese coastal city of Ningbo,…
On Wednesday, Finablr Plc stated, its foreign exchange firm Travelex was forced to go offline due to a ransomware attack by a virus known as Sodinokibi. Travelex had contained the spread of the ransomware, which is also known as Revil, said UAE-based payment solutions Finablr while adding that it currently does not anticipate any material…
On Tuesday, Tesla Inc stated, it has started work on building its Model Y electric sports utility vehicles (SUV) at its $2 billion China factory in Shanghai. The development comes in the wake of Tesla starting to deliver its Model 3 sedans which were built at its Shanghai factory which was up and running in…
On Tuesday, in a statement Sony Corp said, it would commence the testing of self-driving cars later this year as it prepares to beef up its sensing and safety technologies. Sony disclosure comes at a time when it has unveiled its electric concept car which is embeded with 33 sensors, including solid state light detection…
On Tuesday, Uber Technologies Inc and Hyundai Motor stated, they plan on a joint development of electric air taxis, as they push further to ease the menace of urban congestion. Hyundai is set to unveil its concept electric aircraft which it developed with Uber, at the Consumer Electronics Show (CES) in Las Vegas. The model…
On Tuesday, Singapore’s central bank stated, it has received 21 applications for digital bank licenses which includes 7 licenses for retail banking while the balance is for wholesale bank licenses. The development marks Singapore’s biggest liberalization of its banking sector in two decades as it pushes to bring about online-only banks which will have lower…
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