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…
On Friday, Foxconn’s Chairman Liu Young stated, the company aims to capture 10% of the global market share for electric vehicles between 2025-2027; to this end it has entered into talks with multiple carmakers for future cooperation. “We want to push Taiwan’s EV industry to the world,” said Liu Young. Foxconn, a major supplier to…
In a development that could potentially boost Tesla’s marketshare, the carmaker’s CEO Elon Musk tweeted that its Model S “Long Range” sedan in the United States will receive yet another price cut bringing its price to below $70,000 for the first time to $69,420. This is the second time this week that Tesla has cut…
In a significant move, French Finance Minister Bruno Le Maire said, the European Union should press ahead with plans for a digital tax in the bloc. The call comes at a time when the OECD is weighing options which include the rewriting of international tax rules. On Wednesday, G20 finance ministers have lent their support…
In a statement, Alphabet Inc’s Google said, it plans on providing grants worth $1.1 million to help businesses in the Middle East and North Africa towards improvements of their digital skills as well as to get them connected to the internet. In a presentation, Google said, it will also provide $3 million in loans to…
In a statement Washington state’s Attorney General Bob Ferguson said, Twitter Inc will have to pay $100,000 to Washington state’s Public Disclosure Transparency Account for non-compliance to multiple political campaign finance regulations. Between 2012 through 2019, Twitter received around $200,000 in campaign ads and failed to disclose the same. Washington state law requires such disclosures.
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