In relation to its controversial previous practices of intentionally slowing down older iPhones to extend their battery life, Apple has agreed to pay millions of dollars in damages to to 34 states in the United States. Under the agreement struck by Apple, the iPhone has to pay $113 million for the settlement of an investigation…
In a significant development, a group representing Volkswagen AG, General Motors Co, and Toyota Motor Corp and other major carmakers filed a lawsuit to block the state of Massachusetts’ ballot initiative that aims to significantly expand the access to vehicle data. Earlier this month, Massachusetts overwhelmingly approved the initiative to revise the state’s 2013 “Right…
The managing director of the International Monetary Fund warned before this week’s virtual Group of 20 (G20) summit that even though vaccine breakthroughs offer hope, the efforts of staging a recovery for the global economy from the hit of the novel coronavirus pandemic seems to be losing steam and “the economic path ahead remains difficult…
For every 10,000 content views posted on Facebook in the third quarter about 10 were included in hate speech, said the social media company while disclosing numbers on the prevalence of hate speech on its platform, for the first time in its history. The estimate was released in its quarterly content moderation report by the…
Two of the most high profile digital media firms are set to merge together with the acquisition of HuffPost bty the online news and lifestyle site Buzzfeed. As part of the deal, seller Verizon Media will become a minority shareholder in Buzzfeed and will also make investments in the new combined entity. A partnership for…
After finding it difficult to meet up to a sudden increase in demand by consumers in the early stages of the novel coronavirus pandemic, an acceleration in growth is being predicted by the German fashion e-tailer Zalando. These comments were made by the company’s Chief Financial Officer David Schroeder on Thursday. A large number of…
On Friday, Astanor Ventures, a backer French insect breeder Ynsect as well as Germany’s vertical farmer InFarm stated, it had raised a $325 million fund to invest in sustainable agriculture, food, and ocean technology startups. The new fund will back ventures that seek to make the food supply more resilient to climate change and attempt…
With demand for online grocery shopping accelerating during the pandemic, the online grocery service FreshDirect is to be acquired by Ahold Delhaize which is a Netherlands-based firm that owns the United States based supermarket chains Stop & Shop as well as other grocery chains of Giant and Food Lion. The terms of the deal such…
The premium Italian brands, including the supercar maker Lamborghini, could be spinned off by the Volkswagen Group, confirmed the automaker’s executives to the media. The motorcycle manufacturer Ducati and Italdesign Giugiaro, a design and engineering consulting company could also be included in the potential spinoff. There are on going discussions in the company about restructuring…
The United States based ride hailing company Uber has said that its self-driving unit is seeking to strike partnerships with other companies that are currently working on autonomous driving and self-driving vehicles, said the company’s chief executive officer on Wednesday. “Our view is that we will partner with other autonomous providers over a period of…
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