According to sources familiar with Microsoft’s timeline to carve out TikTok’s U.S. operations from the rest will be a technically complex endeavor which could test the patience of the U.S. administration. While Microsoft has until September 15 to piece together a blueprint for an acquisition that safeguards the personal data of Americans stored on TikTok’s…
South Korean auto giant Hyundai Motor Co said, it is in the process of creating a family of electric vehicles which will be sold under the Ioniq brand which it expects to become the world’s third-largest EV seller by 2025, said the company. The “elevation of Ioniq from an individual vehicle nameplate to a brand”…
“Substantial agreement” on most of the elements of a post-Brexit trade deal was reached between Britain and Japan earlier this week after two days of talks. It has been reported that during the talks, moves to restrict British farm exports was resisted by UK trade secretary Liz Truss. The elements of the trade deal between…
Following the announcement of a possible ban on TikTok by the United State president Donald Trump within 45 days, the Chinese owned short video sharing app has been preparing its advertisers for the worst situation by offering refunds for campaigns that the app owner was unable to run on the platform, said reports quoting ad…
On Friday, Germany’s Ifo economic institute stated, the country’s industrial sector, which ot battered due to the Wuhan coronavirus induced lockdown, expects an increase in production levels in the coming three months. “The industrial sector is continuing to work its way out of the trough in production,” said Ifo economist Klaus Wohlrabe following the publication…
In a statement on Friday, Southeast Asia’s biggest country Indonesia said, it has added, Facebook, TikTok, Disney, Amazon, Netflix, Spotify, and Google to the list of tech companies which will have to pay a 10% value-added tax on their sales in the country. With a population of around 270 million, Indonesia is a big market…
In a significant development, U.S. President Donald Trump stated, the United States will ban China-owned ByteDance’s TikTok video-sharing app, and Tencent’s WeChat app, in 45 days. The development comes in the wake of the Trump administration stepping up efforts to purge “untrusted” apps, including Chinese ones, from its digital networks citing “significant threats” posed by…
Uber has been forced to adopt the taxi model in Latin America because of the novel coronaviruss pandemic. This new approach to business for Uber is because of the pandemic related regulatory clampdown in countries such as Chile and Colombia where the ride-hailing business is considered mostly to be unregulated. Chinese rid hailing company Didi.,…
With speeding up measures for cost savings in the wake of the novel coornvirus pandemic, the German engineering group Siemens said it expects to register a “modest” improvement in orders and revenue within the next few months. While raining forecast for its earnings as it cut costs and had benefited from an accounting gain, the…
In a significant development, Facebook has launched a short video services, called Reels, similar to ByteDance’s TikTok, in more than 50 countries including the United States. Reels has been embedded with its popular Instagram app. The product saw an immediate gain in traction with several celebrities adopting it including actress Jessica Alba, who posted a…
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