An investment of more than $150 million will be made by United States based Uber Technologies in a joint venture and partnership with the South Korean firm SK Telecom Co Ltd. This move is viewed by analysts as a part of the US firm’s strategy of expanding into the South Korean market where its growth…
The total hit to Hyundai Motor and affiliate Kia Motors because of the quality issue that has been going on for years now, which has also tarnished its image and credibility, has now touched almost $5 billion as the copany now has issued a warning of another $2.9 billion of provisions related to engine issues.…
NASA has said that it would be putting up a 4G network on the moon. Contracts for building the network worth $370 million have been handed over by NASA to more than a dozen companies who are tasked with deploying the 4G technology on the lunar surface as the United States space agency steps up…
Ireland’s Data Protection Commissioner (DPC) is currently investigating Instagram over charges of mishandling of personal data of children on its platform. If Instagram is found to have broken privacy laws a large fine could be imposed on the social media app’s owner Facebook. This announcement of the investigation comes after reports were published about Instagram…
The novel coronavirus pandemic has forced the accounting group Deloitte to cut down on costs while its need for expensive office spaces and leases has also come down because of the rising trend of working from home for its employees, the group now plans to therefore close down four of the fifty offices that it…
It was not long ago that the Indian government had introduced the clause of mentioning the country of origin for products sold on e-commerce platforms. The government has now issued a warning that sellers on the e-commerce platforms of Amazon.com’s local unit and Walmart’s Flipkart are not complying with the rule requiring that a product’s…
The United States government has paused the clinical trial being conducted by Eli Lilly and Co because of safety concerns, the company said. The trial was for an antibody treatment of Covid-19, the one taken by US President Donald Trump, and is being sponsored by the US government. In a video posted by Trump last…
According to analysts, the efforts of Nvidia to purchase United Kingdom based chipmaker Arm from SoftBank for $40 billion could face a major barrier from regulators in China. The two companies had announced the deal in September beginning. It is expected that if the deal gets through it would create the largest chip company in…
Facebook, the largest social media platform of the world has said that any ad that seeks to discourage people from getting vaccinated will be banned by it. This is a part of the company’s new campaign on public health aimed at spreading information about the flu vaccine. This latest move by the social media company…
Negotiations for a Brexit trade agreement between the United Kingdom and the European Union essentially “over”, said Downing Street. Unless there was willingness on the part of the EU to to discuss the detailed legal text of a partnership, there was “no point” in discussions continuing next week, No 10 said. No. 10 is the…
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