In a statement Facebook’s Instagram said, it will launch advertising on its Shop feature globally, in an aim to earn money from brands. Instagram Shop is a tab on the photo and video sharing app that lets users browse items such as clothes and beauty products and even purchase the items directly from within the…
In a statement McDonald’s Corp said, it is promoting its U.S. marketing chief in an attempt to increase traction with younger customers through digital sales. McDonald’s Corp has promoted Morgan Flatley, who helped launch McDonald’s “Famous Orders” campaign with pop stars including South Korean boy band BTS and rapper Saweetie, will now become its global…
In a statement Canada’s e-commerce giant Shopify Inc said, it has partnered with China’s TikTok to work on a feature that would let shoppers buy directly from the social media app. As a result, Shopify merchants who also have TikTok business accounts would be able to add a shopping tab to their profiles, said the company…
Regulators in South Korea are likely to effectively stop Google and Apple from charging software developers to pay them commissions on in-app purchases by preventing the tech giants from requiring developers to use their payment systems. If this regulations is implemented it would be the first time that such an actions would be taken on…
On her first visit to Asia, United States Vice President Kamala Harris discussed supply shortages of essential items with company executives in Singapore on Tuesday. The supply side disruptions has caused concern for the Biden administration and cased unwanted inflation especially in the case of raw materials. During the Covid-19 pandemic, serious challenges in obtaining…
Following reports during the weekend of possible acquisition bids by private equity firms for the second largest British supermarket chain Sainsbury’s could exceed more than 7 billion pounds ($9.6 billion), stock price of the chain surged by more than 14 per cent on Monday. According to reports on Sunday, acquisition bids for Sainsbury’s were placed…
In the latest crackdown of Chinese regulators on domestic tech giants, the plan of selling shares in its computer chip making unit by Chinese electric car maker BYD was forced to be suspended by the company. A regulatory investigation into the law firm advising the company has forced the postponement of the public listing. …
On Monday, in a statement PayPal Holdings Inc said, it will allow customers in the UK to purchase, hold and sell bitcoin and other cryptocurrencies from this week onwards. The roll-out marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States; it could potentially trigger the mainstream adoption of cryptocurrencies as a…
The first tool in the global auto industry that is able to evaluate whether and when it would be safe to deploy autonomous cars and trucks, which do not have a human behind the wheel, on public roads, is claimed to have been released by Aurora, a Silicon Valley self-driving startup that was founded by…
The United States based electric car maker Tesla Inc would possibly launch a “Tesla Bot” humanoid robot prototype sometime next year, said the company’s Chief Executive Elon Musk. The robot will be designed specifically for undertaking dangerous, repetitive, or boring tasks that humans do not like to do. A range of jobs from attaching bolts…
