In a statement Canada’s e-commerce giant Shopify Inc said, it has partnered with China’s TikTok to work on a feature that would let shoppers buy directly from the social media app. As a result, Shopify merchants who also have TikTok business accounts would be able to add a shopping tab to their profiles, said the company…
Regulators in South Korea are likely to effectively stop Google and Apple from charging software developers to pay them commissions on in-app purchases by preventing the tech giants from requiring developers to use their payment systems. If this regulations is implemented it would be the first time that such an actions would be taken on…
On her first visit to Asia, United States Vice President Kamala Harris discussed supply shortages of essential items with company executives in Singapore on Tuesday. The supply side disruptions has caused concern for the Biden administration and cased unwanted inflation especially in the case of raw materials. During the Covid-19 pandemic, serious challenges in obtaining…
Economic recovery of the United Kingdom was hit this month because of shortages of staff and supply, showed a closely watched survey. The IHS Markit/CIPS Composite Purchasing Managers’ Index (PMI) dropped to a six-month low for August at 55.3, compared to 59.2 in the previous month. Numbers over 50 is indicative of growth while less…
On Monday, in a statement PayPal Holdings Inc said, it will allow customers in the UK to purchase, hold and sell bitcoin and other cryptocurrencies from this week onwards. The roll-out marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States; it could potentially trigger the mainstream adoption of cryptocurrencies as a…
The first tool in the global auto industry that is able to evaluate whether and when it would be safe to deploy autonomous cars and trucks, which do not have a human behind the wheel, on public roads, is claimed to have been released by Aurora, a Silicon Valley self-driving startup that was founded by…
The United States based electric car maker Tesla Inc would possibly launch a “Tesla Bot” humanoid robot prototype sometime next year, said the company’s Chief Executive Elon Musk. The robot will be designed specifically for undertaking dangerous, repetitive, or boring tasks that humans do not like to do. A range of jobs from attaching bolts…
Dutch insurer NN Group’s asset management arm will be purchased by Goldman Sachs in a deal worth about 1.7 billion euros ($1.98 billion), the bank said. This is the largest takeover by the United States based investment bank since 2018 when David Solomon became chief executive. According to analysts, this deal is a part of…
United States based Intel Corp announced its plans for sourcing subcomponents of its chips from external factories as a part of its turnaround strategy, new details of which were provided by the company earlier this week. The company plans to source chip components from suppliers including through partnerships with rival Taiwan Semiconductor Manufacturing Co (TSMC),…
Japans auto major Toyota Motor Corp has become the last major global auto company to cut down its production because of the global chip shortage as the company announced a cut in its global production of vehicles for September by as much as 40 per cent compared ot its previous target. The company has however…
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