The decision of China’s Ping An Asset Management of increasing its stake in struggling British lender HSBC has provided a much-needed vote of confidence. The Chinese investor is the largest one of the bank. This came at a time when the bank was caught in the cross hairs of rising diplomatic tensions between the United…
The impact of the novel coronavirus pandemic surpassed the grim milestone of a total death toll of a million on Tuesday, according to official data, as the pandemic that first emerged in China at the end of last year, had devastated the global economy, has completely strained the health systems and changed the way people…
A non-profit group that has drawn up plans for advocating legal and regulatory action to challenge the practices for its App Store by Apple was joined by a number of critics of the iPhone maker which includes companies like Spotify Technology, Match Group Inc and “Fortnite” creator Epic Games. A commission of between 15 per…
A host of security products were announced by Amazon on Thursday which included a a drone that will be use for recording security video inside homes and a number of products for cars that can alert their owners about any attempts to break in and steal cars. This new announcement shows the push by Amazon…
Following a merger with Switchback Energy Acquisition Corp, one of the oldest and largest electric vehicle charging networks of the world – ChargePoint Inc, will float an initial public offering, the company said on Thursday. The merger values the charging company at $2.4 billion. The company expects that the merger deal will be closed by…
United States based industrial giant General Electric has decided to exit the market of constructing coal-fired power plants and focus more on greener projects. This move is being seen as a dramatic reversal in the policy of one of the largest makers of coal based power plants in the world. With the company prioritizing its…
There is an apparent discrepancy about the details of the deal that as struck between the Chinese tech company ByteDance an American companies Oracle and Walmart over the divestment of the Chinese firm owned short video sharing app TikTok with both parties issuing conflicting statements on the matter on Monday. The two American companies had…
Following accusations by a short seller against the hydrogen and electric truck startup Nikola was misleading investors and overstating the value of a business deal, the company’s founder Trevor Milton has voluntarily stepped down as the executive chairman of the startup. Nikola said in a statement on Sunday that Milton has also resigned from the…
The decision of the United States government to impose a ban on the Chinese owned messaging and payments app WeChat has been clocked by a judge in eth US Serious questions related to the constitution’s first amendment, guaranteeing free speech were raised by the ban, said US Magistrate Judge Laurel Beeler. Starting last Sunday, a…
An open letter signed members of parliament of the United Kingdom, academics and children’s-rights advocates have urged tech firms to stop advertising to its users who are under the age of 18 years. The letter says that it is not only n individual’s privacy that is undermined by behavioural advertising but it also pits “susceptible”…
