A consortium of funders of an academic project have threatened to stop supporting the social media company if it does not provide the data it promised to academic researchers by September 30, according to a report published in BuzzFeed News. According to the report, this warning has been issued by a statement from the Social…
South Africa’s Standard Bank plans to reach out to millions of small shop owners and other informal retailers across the continent through taking up a stake in local fintech firm Nomanini so that it is able to offer credit to the targeted market. An investment of $4 million in Nomanini has been made by Africa’s…
With social media increasingly playing a pivotal role during elections, Facebook is ramping up efforts to uncloak U.S. political advertisers. Ahead of the U.S. president elections in November 2020, Facebook Inc has begun tightening its political ad rules in the United States, said the social media giant on Wednesday. The new disclosures rules are applicable…
It was a great opening of its first store in China for the United States based hypermarket chain Costco Wholesale Corp in the Shanghai city of the country if the interest and enthusiasm of the customers is considered. According to the Chinese state media, the first store in the high tech city of China had…
The first customer of Boeing to file a case over the global grounding of its 737 Max planes is a Russian company Avia that leases aircraft. In the lawsuit, Avia alleged that Boeing had misrepresented how safe the plane was to fly and thereby had breached the contract. The company, which had got into a…
The manner in which the tech giant Facebook may profile people has been severely criticized by Germany’s competition authority in what is being viewed by analysts as a clear challenge to the business model of the largest social media platform of the world. Germany’s competition authority has said that the users of Facebook have the…
U.S. tech giants such as Google, Amazon and Facebook routinely generate huge profits from digital services in countries but route the profits through low-tax countries, such as Ireland and Luxembourg, in order to lower their tax profile in the country from which they had generated their revenues. France’s proposal to rectify this anomaly had unnerved…
The deal is expected to close by the end of 2019. In an all-cash deal, Pitney Bowes Inc, an e-commerce solutions firm stated, it would sell its software solutions business to Syncsort, an enterprise software company, for $700 million The deal is expected to close before the end of 2019.
Nvidia’s vComputeServer software will help shuffle data back and forth between data centers and the cloud. In an effort which sees chipmaker Nvidia Corp increasing its footprint in the cloud computing space, it stated has begun collaborating with Amazon.com Inc’s cloud division as well as with VMWare Inc to host artificial intelligence programs in Amazon’s…
North Rhine-Westphalia, Germany’s most populous state, is a leading destination for Tesla’s Gigafactory in the EU. According to a report from German news daily Rheinische Post citing sources familiar with the matter at hand, U.S. electric carmaker Tesla is scouting for a location for a factory in the German state of North Rhine-Westphalia (NRW). According…
