With China imposing its draconian security law and effectively annexing Hong Kong, U.S. technology companies which have a presence in the erstwhile semi-autonomous Chinese territory, are being forced for rethink and reshape their businesses following their suspension of processing government requests for user data, which is at best a stop-gap measure, as they weigh their…
In a statement Alphabet Inc’s Google said, it has closed down its “Isolated Region” cloud platform project and does not plan on offering its cloud platform services in that country. On Wednesday, Bloomberg News had reported citing two employees, that Google had shelved the project in China as well as in other politically sensitive countries…
Facebook was unable to commit to any concrete solutions for addressing hate speech and misinformation on its social media platform, said the organizers behind a major advertiser boycott of Facebook after a meeting with the CEO of the company Mark Zuckerberg and other executives. The organizers called the meeting “disappointing”. Members of the coalition of…
A government support package of $1.6 billion has been granted to Novavax Inc by the US government to allow the drug maker the finances needed for testing, commercialization and manufacturing of a potential coronavirus vaccine in the United States. The government aims that the drug maker will be able to deliver 100 million doses by…
With regard to a movement that is protesting the deployment of 5G mobile technology in France, French tycoon Xavier Niel said, by not deploying the next generation mobile technology in the country, France risks dampening its attractiveness to investors. “5G is an element of attractiveness for our country,” said Niel, founder of French broadband internet…
On Wednesday, following media reports of Apple shifting to OLED screens for its forthcoming 5G iPhones, shares of Apple supplier Japan Display Inc tumbled by 6%. Japan Display is Apple’s main supplier of liquid crystal display (LCD) panels for iPhones. The company generates almost 60% of its revenue from Apple Inc. According to a news…
In a significant development, GSK, the world’s largest vaccine-maker said, it has put its vaccine booster technology to work in a potential new COVID-19 shot which will be developed with a Canadian biopharmaceutical company that has the backing of Philip Morris. Rather than join the race and invest millions in developing a COVID-19 vaccine on…
On Monday, in a report The Information reported citing two sources familiar with the matter at hand, Microsoft Corp has expressed interest in buying Warner Bros’ gaming unit. Last month, CNBC had reported, Warner Bros parent AT&T Inc was negotiating a sale of its Interactive Entertainment gaming division that owns popular video game “Mortal Kombat”…
On Monday, a spokesman for TikTok stated, it will exit the Hong Kong market within days. The development comes in the wake of other technology companies including Facebook Inc suspending processing government requests for user data in the region. Owned by China-based ByteDance, TikTok has made the decision to exit the region following Beijing establishing…
The “big four” accountancy firms of the United Kingdom has been asked by the regulator to make their auditing operations stricter so that there is improvement in oversight of corporate finances. Accounting scandals have in recent years caused collapse of large companies in the country such as the case of Carillion and BHS. KPMG, PwC,…
