He had heard that Oracle Corp was very close to a deal over ByteDance’s TikTok, said United States President Donald Trump on Tuesday even as reports quoted sources that the Chinese owner of TikTok was seeking to hold on to a majority stake in the US business of its popular short video sharing app. …
An upsurge in its number of users during the novel coronavirous pandemic for its Switch Online subscription service was reported by Japan’s gaming company Nintendo on Wednesday. The company said that the surge in demand for its services was led by hit titles such as Animal Crossing: New Horizons. This has helped the company to…
In a strategic move, Apple Inc has rolled out a new virtual fitness service as well as a bundle of all its subscriptions, Apple One. The holiday-season launch of its services, the backbone of its growth engine, caters to customers working at home in the COVID-19 induced pandemic. Apple has also launched the Apple Watch…
The times when people looked at vinyl records as a thing from the past that carried nostalgic memories seem to have gone now. Fort the first time since the 1980s, the sales of vinyl records has over taken the sale of CDs in the United States so far this year. In the first half of…
A settlement amount of $1.5bn has been agreed to be paid by German automaker Daimler AG and its subsidiary Mercedes-Benz USA to the United States government and California state regulators towards settling of charges against it to cheating emission tests. Charges of violating environmental laws through the use of the so-called “defeat device software” to…
On Tuesday, in a statement Uber said, it plans on winning back its license to operate in the city of London. The move comes in the wake of Britain’s transport regulator banning Uber from operating in the city over safety concerns. In 2019, Transport for London (TfL) had refused to grant Uber a new license…
On Tuesday, in a statement, China’s social media and gaming group Tencent said, it plans on opening a new office in Singapore which will be its regional hub for Southeast Asia. “The new office is a strategic addition to our current offices in Malaysia, Indonesia and Thailand,” said the company in a statement.
On Monday, in a statement Amazon.com Inc said, it is ramping up its recruitment drive and will be hiring 100,000 more workers – its fourth hiring spree, to keep pace with surging e-commerce demand. The hiring positions will be full time and part time and will be based in its home country as well as…
On Monday, in a statement Japan’s SoftBank Group Corp said, Nvidia Corp has agreed to acquire its chip designer Arm for $40 billion in a deal that is potent enough to reshape the global semiconductor industry. The acquisition places a vital supplier of Apple Inc and others under the control of a single player. The…
According to sources familiar with the matter at hand, TikTok’s owner, ByteDance has abandoned the sale of TikTok in the U.S. and is instead pursuing a partnership with Oracle Corp in the hope of avoiding a ban and at the same time appease the Chinese government. The development comes in the wake of U.S. officials…
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