Reports making the rounds that the credit card company Visa Inc was being investigated for by the United States over allegations that the company uses anticompetitive practices in the debit-card market were confirmed by the company on Friday with it saying that its debit practices were being investigated by the the S The Justice Department.…
The wealthy customers of the luxury sports car maker Lamborghini especially in China helped the brand to report record profits for 2020. This “raging bull” of the auto world managed to deliver 7,430 cars to customers during 2020 which was only 9 per cent lower than the record delivery done by it in the previous…
Officials of the European Union have said that citizens across the EU should be given a digital certificate “without discrimination” is that it is possible to kick-start foreign travel. The target of this move is to allow anyone who has been vaccinated against the Covid-19 disease or who has in possession a recent negative Covid-19…
Work on a huge facility that would have the capacity to generate as much as 1 gigawatt of “blue hydrogen” by 2030 was being carried out by BP, the company said on Thursday. The so-called blue hydrogen is referred to that hydrogen that is generated using natural gas and the CO2 emissions generated during the…
British Airways-owner IAG will issue a bond in the hopes of raising about 1 billion euros ($1.2 billion) which the company says will help it to survive if the slump in the airline industry because of the Covid-19 pandemic continues for longer than expected. Following a year where there was almost no income because of…
The ride hailing company Uber has said that it will guarantee a minimum wage, holiday pay and pensions for its 70,000 drivers in the United Kingdom, but also assured customers that it will not result in a rise in fares. In a move that analysts said could be have wide ranging implications for the wider…
With its competition with Apple intensifying, Samsung launched three mid-range smartphones on Wednesday aimed at attracting customers who have less cash to spare for purchasing a smartphone. The new models are part of the budget Galaxy A range of Samsung which has gained popularity as a brand as the company’s customers were put off by…
The Chinese fintech firm Ant Group has been given a valuation of over $200 billion based on its 2020 performance by some of the global investors of the company, claimed a report published by the news agency Reuters. That was a more sober estimate for the company’s valuation following the suspension of its IPO and…
There seems to be signs of a truce in the fight between the social media giant Facebook and the Australian authorities over the issue of the social media company paying local news outlets for news content used from them as Rupert Murdoch’s News Corp announced coming to an agreement on content supply with Facebook Inc.…
Explosive growth in the number of subscribers for Disney’s video streaming services that were launched just 16 months ago has forced analysts to forecast that the pioneer of the industry Netflix will lose its place as the biggest video streaming provider of the world within the next three years. The total number of subscribers for…
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