Raising of at least 2 billion pounds ($2.6 billion) from the sale of its assets will be made by British aero-engine maker Rolls-Royce in order for it to prop up its balance sheet that has been severely hit by the novel coronavirus pandemic and the related slump in the travel industry, the company said. In…
A wage support scheme started by the United States government aimed for supporting the country’s airlines during the novel coronavirus pandemic is set to come to an end in October and once that happens, about 19,000 jobs will be cut by American Airlines, the airlines said. These job cuts which will be over and above…
There has been a sharp rise in removed videos form the video sharing platform YouTube, including some that had not violated its policies, because of the increasing reliance of the firm on technology to moderate content, YouTube said on Tuesday. More than 11.4 million videos were removed from the platform for violating its policies between…
According to the findings of a new study, children’s intelligence is boosted if they grow up in a greener urban environment. Such upbringing also helps to lower the levels of difficult behavior among such children. The study conducted on more than 600 children aged between 10 and 15 years showed that a 3 per cent…
Facebook has agreed to pay 106 million euros ($125 million) to the French government in back taxes and penalties through its French subsidiary. This is being seen as a result of the persistent efforts of the French government to force the largest of the online companies such as Facebook and Google to pay more taxes…
According to a report published by The Wall Street Journal, citing information from people familiar with the matter, United States President Donald Trump was warned by Facebook CEO Mark Zuckerberg at a White House dinner last October about the potential and direct threat to the US business being posed by growth of Chinese tech firms.…
A spurt in demand for online purchase has prompted the largest supermarket of the United Kingdom, Tesco, to create 16,000 jobs to meet demands of its online business. This is a rare boost to the otherwise severely struggling UK economy. The 16,000 new jobs will be permanent in nature and would be in addition to…
In the recently started legal battle between American tech giant Apple and game developer Epic Games, Microsoft has sought to lend its support to the game maker. Last week, the hugely popular game ‘Fortnite’ of Epic Games was removed from its app store by Apple over charges that it had deliberately violated Apple’s policies for…
As a part of its broader initiative to help Black communities, which it announced in June, the social media company Facebook will give away $40 million in grants to Black-owned businesses that have been hit by the novel coronavirus pandemic, largest social media company of the world said. The company said that the grant program…
Despite the novel coronavirus pandemic wrecking havoc on the global tourism industry, the home-sharing business app Airbnb is still going ahead with its planned initial public offering and is preparing the paperwork for selling stock on Wall Street. The company has already submitted a draft registration statement to the Securities and Exchange Commission, said the…
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