In a development that sees Amazon.com Inc expanding its market to the Middle East, the online behemoth launched a website for shoppers in Saudi Arabia. Amazon re-branded Souq.com, a Middle Eastern e-commerce platform that it acquired in 2017, for Saudi customers. Similarly in 2019, Amazon also rebranded Souq’s website in the United Arab Emirates. Despite…
On Thursday, UK’s parcel delivery firm DPD stated, it would up its UK hiring to cater to growing consumer demand from online shopping created by the coronavirus pandemic. In a statement DPD said, it would create 6,000 new UK-based jobs and ramp up its investment in infrastructure to meet the booming demand. The development underscores…
In a statement, Qualcomm Inc said, it is placing its 5G chips into smartphones that will sell for as little as $300 with new models of smartphones expected to reach consumers in the second half of this year. Qualcomm is the biggest supplier of processors for smartphones and the modem chips that connect the phones…
In a stock exchange filing Tesla Inc stated, it has signed a three-year pricing deal with Panasonic Corp for the manufacturing and supply of lithium-ion battery cells at its Gigafactory in Nevada. The duo have reportedly been in talks to expand the capacity of the joint venture since months. Earlier in May, Panasonic had hinted…
As one of its means to mitigate threats posed by China’s coronavirus, Amazon.com Inc said, it has launched an artificial intelligence-based tracking system to enforce social distancing norms at its warehouses and offices as it ramps up efforts to face scrutiny from unions and U.S. lawmakers over its efforts to protect its workers from the…
After estimates that the demand for oil globally could be affected for the next 30 years because of the novel coronavirus pandemic hitting the world, British Petroleum (BP) has decided to cut the value of its oil and gas assets by up to $17.5bn while also possibly being forced to ditch new fossil fuel discoveries…
The growing popularity of mobile payments app in many of the emerging economies of the world has drawn rte attention of many tech companies. One such firms, the social media giant Facebook which had announced previously its plans to launch a mobile based payment service through its social media messaging app WhatsApp. The company has…
Two antitrust investigations have been started by the European Union against the business policies and tactics of App Store and Apple Pay of United States based tech giant Apple Inc on Tuesday. This move by the antitrust regulator of the EU is a part of the efforts of the bloc to put scrutinize online gatekeepers…
On Tuesday, Grab announced a trimming of its workforce citing the coronavirus which emerged from Wuhan China. The Southeast Asian ride-hailing and payments services firm, considered Southeast Asia’s most valuable startup with a valuation of $14 billion, informed staff of the move at a townhall, said two sources with knowledge of the matter at hand.…
In a significant development that marks a tweak in its China strategy, Washington has confirmed that it will amend its prohibitions on U.S. companies doing business with China’s Huawei and allow them to work together on setting standards for next-generation 5G networks. The U.S. Commerce Department along with other agencies have signed off on the…
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