The economic impact of the novel coronavirus pandemic has seen closure of hundreds of stores of retail chains and companies. Bur despite that situation, the legendary toy maker Lego is now getting ready to open 120 new shops in within this current year itself. The Danish toy firm still believes in a very solid future…
On Thursday, in a report, India’s Mint newspaper stated, the world’s biggest e-commerce retailer Amazon.com Inc and U.S. wireless carrier Verizon Communications Inc are likely to invest more than $4 billion to buy a stake in Indian telecom firm Vodafone Idea Ltd, citing two sources aware of the negotiations.
In a statement, the Federal Communications Commission (FCC) said, a unit of Verizon Communications Inc has won multiple bids worth around $1.9 billion during the auction of a key spectrum block in the 3.5 GHz band. Totally, 228 bidders won bids worth nearly $4.6 billion for the mid-band spectrum block. The auction of the spectrum…
On Thursday, in a statement the British government said, it has cleared the 700 MHz band of airwaves following a four-year program that involved returning nearly 20 million TV sets, and freeing up new capacity to for the auction of 5G mobile services in January 2021. Releasing the spectrum will help increase the total amount…
The novel coronavirus pandemic has stoked demand for home appliances ranging from products to sanitize closets to customizable fridges. This has benefited the South Korean electronics giant Samsung Electronics Co Ltd and the company is now adding warehouses and is making efforts to take more of its popular products to more markets. Products that make…
A total of €1 billion ($1.2 billion) will be spent by Unilever to stop its use of fossil fuels in the process of production products for its cleaning and laundry brands. Only renewable or recycled carbon will be used for the manufacturing of household products such as Omo, Sunlight, Cif and Domestos by the end…
According to sources familiar with the matter at hand, Bumble, a dating app, is preparing for an initial public offering (IPO), which could see the company being valued between $6 billion to $8 billion. Bumble’s IPO could come early next year, said a report from Bloomberg citing sources. Sources cautioned that Bumble’s IPO plans have…
On Wednesday, in a statement Exxon Mobil Corp said, it has started a voluntary redundancy programme for its Australian employees, as means to mitigate the current predominant “unprecedented” market conditions. The voluntary redundancy programme is being offered to all employees in Adelaide, Sydney, Melbourne, Gippsland, and Perth, said Exxon in a statement. When asked to…
In a significant development, Facebook Inc disclosed that it has partnered with external researchers to examine its impact during the crucial 2020 U.S. presidential election. The findings of the studies will be published in the middle of 2021, at the earliest. The initiative expands its Social Science One project wherein academics study the political impacts…
In a significant development, Amazon.com Inc, the world’s biggest e-commerce retailer, has received federal approval for testing commercial deliveries through its fleet of drones. The U.S. Federal Aviation Administration (FAA) has approved Amazon Prime Air, Amazon.com Inc’s special service delivering packages in 30 minutes or less, to test delivering orders using autonomous drones. With this…
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