With China imposing its draconian security law and effectively annexing Hong Kong, U.S. technology companies which have a presence in the erstwhile semi-autonomous Chinese territory, are being forced for rethink and reshape their businesses following their suspension of processing government requests for user data, which is at best a stop-gap measure, as they weigh their…

In a statement Alphabet Inc’s Google said, it has closed down its “Isolated Region” cloud platform project and does not plan on offering its cloud platform services in that country. On Wednesday, Bloomberg News had reported citing two employees, that Google had shelved the project in China as well as in other politically sensitive countries…

With regard to a movement that is protesting the deployment of 5G mobile technology in France, French tycoon Xavier Niel said, by not deploying the next generation mobile technology in the country, France risks dampening its attractiveness to investors. “5G is an element of attractiveness for our country,” said Niel, founder of French broadband internet…

On Wednesday, following media reports of Apple shifting to OLED screens for its forthcoming 5G iPhones, shares of Apple supplier Japan Display Inc tumbled by 6%. Japan Display is Apple’s main supplier of liquid crystal display (LCD) panels for iPhones. The company generates almost 60% of its revenue from Apple Inc. According to a news…

In a significant development, GSK, the world’s largest vaccine-maker said, it has put its vaccine booster technology to work in a potential new COVID-19 shot which will be developed with a Canadian biopharmaceutical company that has the backing of Philip Morris. Rather than join the race and invest millions in developing a COVID-19 vaccine on…

On Monday, in a report The Information reported citing two sources familiar with the matter at hand, Microsoft Corp has expressed interest in buying Warner Bros’ gaming unit. Last month, CNBC had reported, Warner Bros parent AT&T Inc was negotiating a sale of its Interactive Entertainment gaming division that owns popular video game “Mortal Kombat”…

On Monday, a spokesman for TikTok stated, it will exit the Hong Kong market within days. The development comes in the wake of other technology companies including Facebook Inc suspending processing government requests for user data in the region. Owned by China-based ByteDance, TikTok has made the decision to exit the region following Beijing establishing…

On Friday, India’s Reliance Industries Ltd stated, Intel Corp will be purchasing a 0.39% stake in its digital unit, Jio Platforms, for $253.55 million (18.95 billion rupees). Including this investment, Reliance Industries Jio Platforms has raised a total of 1.18 trillion rupees from investors.

Tesla has become the highest-valued automaker following a surge in the price of its shares which saw Tesla’s market capitalization overtaking that of former front runner Toyota Motors Corp. On Wednesday, Tesla’s shares touched a record of $1,133, boosting its market cap to $209.47 billion, around $6 billion more than that Toyota’s. Tesla’s market cap…

In a significant development, the U.S. Food and Drug Administration (FDA) has released guidance for approving a coronavirus vaccine stating that the vaccine has to prevent or decrease the severity of the COVID-19 disease in at least 50% of people who have been inoculated. Worldwide more than 100 vaccines are being tested against the coronavirus…