The times when people looked at vinyl records as a thing from the past that carried nostalgic memories seem to have gone now. Fort the first time since the 1980s, the sales of vinyl records has over taken the sale of CDs in the United States so far this year. In the first half of…
A settlement amount of $1.5bn has been agreed to be paid by German automaker Daimler AG and its subsidiary Mercedes-Benz USA to the United States government and California state regulators towards settling of charges against it to cheating emission tests. Charges of violating environmental laws through the use of the so-called “defeat device software” to…
On Tuesday, in a statement Uber said, it plans on winning back its license to operate in the city of London. The move comes in the wake of Britain’s transport regulator banning Uber from operating in the city over safety concerns. In 2019, Transport for London (TfL) had refused to grant Uber a new license…
On Tuesday, in a statement, China’s social media and gaming group Tencent said, it plans on opening a new office in Singapore which will be its regional hub for Southeast Asia. “The new office is a strategic addition to our current offices in Malaysia, Indonesia and Thailand,” said the company in a statement.
On Monday, in a statement Amazon.com Inc said, it is ramping up its recruitment drive and will be hiring 100,000 more workers – its fourth hiring spree, to keep pace with surging e-commerce demand. The hiring positions will be full time and part time and will be based in its home country as well as…
On Monday, in a statement Japan’s SoftBank Group Corp said, Nvidia Corp has agreed to acquire its chip designer Arm for $40 billion in a deal that is potent enough to reshape the global semiconductor industry. The acquisition places a vital supplier of Apple Inc and others under the control of a single player. The…
According to sources familiar with the matter at hand, TikTok’s owner, ByteDance has abandoned the sale of TikTok in the U.S. and is instead pursuing a partnership with Oracle Corp in the hope of avoiding a ban and at the same time appease the Chinese government. The development comes in the wake of U.S. officials…
United States based global retailers Amazon currently possess about 33,000 job openings for corporate and tech roles in the company. And part of that is expected to be filled up by the company through a Career Day which, the company has said, will be held on September 16. It ill be open for everyone who…
With consumers choosing to eat more at home because of closure of offices and schools classes online because of the novel coronavirus pandemic, United States based supermarket chain Kroger Co beat estimates of the market as the company forecast full-year same-store sales and profit on Friday. Kroger reported a 127 per cent increase in…
Society as el know it will not effectively be destroyed by his social media network, “hopes” Facebook’s CEO, Mark Zuckerberg. It was “just wrong” to think that Facebook is driven by conservatives, Zuckerberg also said in a new interview tpo the media. “I don’t think that the service is a rightwing echo chamber,” Zuckerberg told…
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