All Facebook users in the United Kingdom will be moved by the social media giant into user agreements with the corporate headquarters of the company in California instead of the current user agreement that they have with the European headquarters of the company in Ireland which effectively will put them out of the purview of…
In order to take advantage of the billions of dollars of investor cash that has caused a record-breaking rally in the tech IPOs in the United States so far this year, some of the tech companies of Europe are getting ready to hasten up plans for a public listing early next year. Even prior to…
There was an outage of a number of Google’s services including Gmail, YouTube and Google Docs throughout the world on Monday. However there was reportedly no apparent impact of the technical standoff on the working of Google.com and Chrome. The outage resulted in temporary unavailability of Google Classroom which prevented many students around the world…
The announcement of the $39 billion deal for acquisition of the United States based biotech company Alexion Pharmaceuticals by the British pharma company AstraZeneca resulted in a drop of 9 per cent in the share price of the British drug maker. According ot analysts, investors were spooked by the costs for the company because of…
German investigators are investigating the social media giant Facebook in relation to the company’s virtual reality headset – the Oculus Quest. Facebook has made it mandatory for an owner of the Oculus Quest 2 to have a working account on the social media which has been criticised severely by VR fans and reviewers. According to…
The impending emergency use authorization of Pfizer’s Covid-19 vaccine in the United States is a major money making ticket for the company and its partner in the vaccine development. Within the next year alone, $32 billion in revenues from sale of Covid-19 vaccines will be generated by Pfizer and Moderna, according to projections by Wall…
Some telecommunication companies of the United States have been ordered by the US Federal Communications Commission (FCC) to remove Huawei equipment from their network and replace them with equipment from other vendors. The process of cancellation of China Telecom’s authorisation to operate in the US has also been initiated by the FCC. This is the…
An additional grant of $250 million was pledged by the Bill and Melinda Gates Foundation this week for the purpose of supporting the development and distribution of Covid-19 treatments and vaccines that were of low costs and were much easier to distribute and deliver to the common people. This latest contribution to the cause is…
With the novel coronavirus pandemic continuing to generate huge demand for home delivery, its annual earnings forecast was raised for the second time in two months on Thursday by the British online supermarket Ocado Group. A forecast of earnings before interest, tax, depreciation and amortisation (EBITDA) of “over 70 million pounds” ($93 million), compared to…
With for the first time in more than a decade, the consumer price index of China dropped in November with a drop in food prices. According to data from China’s National Bureau of Statistics on Wednesday, there was a drop of 0.5 per cent year on year in the month of November in the consumer…
