Multinational companies are exiting from the crisis-stricken OPEC nation of Venezuela and the latest company to do so is the Japanese oil company Inpex Corp which sold off two of its oil and gas assets in the country to Caracas based Sucre Energy Group, said reports quoting sources. 70 per cent stake in Inpex’s Gas…
It took Singapore’s Shopee, owned by Sea Ltd, just two years to become the shopping app in Brazil with the highest number of downloads as the platform attracted consumers with its low cost offers and its unique approach to e-commerce – use of mini-games in the app with winners being offered coupons for shopping, The…
Tesla’s CEO Elon Musk has been quoted by the Telegraph as saying, he is concerned over Nvidia Corp’s planned acquisition of British chip designer Arm since it could impact competition. Telegraph’s report also mentions that Amazon.com Inc and Samsung Electronics Co Ltd have also raised opposition to the deal with U.S. authorities. Earlier this year, the US FTC…
In a statement audio-only chat app Clubhouse said, it will launch a spatial audio feature to make voices sound as if they’re coming from different directions, in efforts aimed at making virtual conversations and performances feel more life-like. Backed by venture capital firm Andreessen Horowitz Clubhouse, jumpstarted the social audio trend last year and became…
All of its self-driving e-Palette transportation pods at the Tokyo Paralympic Games village were suspended by Toyota Motor on Friday after a visually impaired pedestrian was injured in a collision with one of the vehicles. Apologizing for the accident, Toyota Chief Executive Akio Toyoda, in a YouTube video, said that he had tried ot meet…
The top social media platforms of China, including Wechat, Douyin, Sina Weibo and Kuaishou, old start to rectify irregular practices of “self-media” accounts that are engaged in publishing financial information, the compaies said on Saturday, according to a report by the Chinese state media Global Times. This move was announced by the company after an…
An application for an initial public offering was filed confidentially with regulators by the electric vehicle maker Rivian which sets the stage for an awaited listing of the company at e end of the year with the company looking to benefit from the IPO market that is currently booming in the United States, Rivian said…
As a part of its strategy to partner with large brands to grow in the United States, the British bank Barclays will by purchasing a $3.8 billion credit card portfolio co-branded with clothing retailer The Gap Inc through the bank’s United States arm, the bank said on Friday. According to the bank, it is purchasing…
Even as antitrust regulators of the European Union are expected to launch a full-scale investigation of the acquisition of British chip designer Arm by Nvidia after an initial review, Nvidia is likely to file for approval of the $54 billion takeover deal with the EU antitrust regulator early next month, said reports quoting sources with…
In a statement YouTube said, it had suspended payments to 14 channels accused of spreading fake news on Brazil’s next year’s election by the country’s federal electoral court, the TSE. The bulk of these channels regular provide full support Brazilian President Jair Bolsonaro, a far-right former army captain who has been sowing doubts about the…
