All Mansoor, a human rights activist, received a suspicious text message that appeared on his iPhone which urged him to click the link provided to reveal details about torture in the United Arab Emirates’ prisons, reported The Associated Press. However Mansoor reported it to Citizen Lab, an internet watchdog, and didn’t take the bait. This…
Recessions are not that bad after all – at least form the point of view of safety of people, claims a study recently conducted and forthcoming in the United States. Every time there is an increase of 1 percent in unemployment in the U.S., around 5,000 fewer people die every year in auto accidents. This,…
In a report released on Thursday, U.K. lawmakers alleged of “consciously failing” to stop their sites from being used to promote terrorism and recruit extremists on the part of social media firms including Facebook, Twitter and YouTube. Urging the technology giants to do more to remove extremist content, claims that U.S. platforms have become the “vehicle…
Every three months, dozens of shareholders get on a conference call to hear the latest details on Uber’s business performance from its head of finance, Gautam Gupta even though the ride-hailing giant Uber Technologies Inc. is not a public company. Uber’s losses mounted in the second quarter, Gupta told investors. The company was once again…
In a major escalation in a long-running dispute between New Delhi and the world’s biggest seed maker, Monsanto Co has withdrawn an application seeking approval for its next generation of genetically modified cotton seeds in India. Strong objections to a government proposal that would force Monsanto to share its technology with local seed companies were…
Hoping to formulate, finalize and ultimately launch a digital-only cash system within a period of four years from now, four of Europe and the U.S.’s biggest banks have joined forces to work on a system that would reduce dependency on cash based on the block chain system. With the hope that the new system would…
In what is being defined as being a part of a demographic shift that risks hobbling South Korea’s economy, the nation’s young residents are likely to have fewer weddings and babies this year than ever before. Ever since the nation’s statistics office started compiling monthly data in 2000, the first five months of 2016 recorded…
As Pfizer Inc seeks to boost its oncology portfolio, it has reached a position of advanced talks for the acquisition of the U.S. cancer drug company, Medivation Inc, for a value that is believed to be close to $14 billion, the media reported citing sources with knowledge of the matter. One of the sources was…
Uber wouldn’t pay more than $2 billion to purchase its main U.S. ride-hailing competitor Lyft Inc., even as the later was gauging interest from prospective acquirers, executives from Uber Technologies Inc. told investors in the past few weeks. Media reports about this development quoting people familiar with the matter had been published recently. Any form of…
Just days after announcing its first foray into the space, Chinese electronics giant Xiaomi’s head of international said that it is working on a more “sophisticated” virtual reality (VR) headset. The Mi VR Play headset, a device that was an “entry level” product without unveiling the price, according to the company, was unveiled by Xiaomi…
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