37 states in the United States is set to sue Google over discriminatory policies it implements on its Android app store, Google Play. The US based tech giant used “monopolistic leverage” to rake in huge profits from purchases that are made within its own store, claimed the lawsuit. It also alleged that its competitors had…
A new hiring has been made by the e-commerce giant Amazon.com for running of the physical stores of the company. The United States based company said on Friday that it has roped in a veteran of British supermarket chain Tesco – Tony Hoggett, for the position. Currently, Hoggett is the chief strategy and innovation director…
In a statement cloud security firm Netskope said, it was valued at $7.5 billion in its latest funding round led by existing investor ICONIQ Growth, wherein it raised $300 million. Other large existing investors of the company, including Accel, Lightspeed Venture Partners, Base Partners, Sequoia Capital Global Equities, Geodesic Capital, and Sapphire Ventures also participated…
Investments of more than €30bn for developing electric vehicles between now and the end of 2021 will be made by Stellantis, an entity that was formed by the merger of Italian-American group Fiat Chrysler and France’s PSA, the company has said. The aim of the company is to make the cost of purchasing an electric…
A new battery cell factory could be built in the United States by South Korea’s Samsung SDI Co to support the push of the country’s auto industry to shift to electrification, said reports quoting sources of the company with knowledge of the matter. Negotiations with automakers including Stellantis, Amazon and Ford Motor-backed electric vehicle startup…
On Friday, chemicals giant INEOS said, it will collaborate with the Acorn carbon capture and storage project to help develop Scotland’s first carbon capture storage system. According to scientists, technology to capture and store carbon dioxide (CO2) emissions will be key in meeting climate goals set by the Paris agreement designed to limit global warming…
Following a crackdown on the Chinese ride-hailing giant Didi Global in China, US shareholders of the company sued it which resulted in a slump in its shares. It was just a week ago that the company had made a debut at New York Stock Exchange. Since the company was ordered by a Chinese regulator…
A likely 53 per cent surge in its operating profit for the second quarter was ported by Samsung Electronics Co Ltd which was much higher than the estimates of the market – driven by strong chip prices and surge in demand despite lower smartphone sales. Higher by 33 per cent compared to the first quarter,…
London-based fintech companies have increased their funding from venture capital investors in the first six months of this year compared to any year in the past signaling the British capital’s resilience as a fintech hub post-Brexit. nvestors have sunk $5.3 billion into London fintech startups in the first half of 2021. compared to $2.1 billion…
In a significant development 37 U.S. state and district attorneys general have sued Alphabet Inc’s Google alleging that the search engine giant’s search and advertising policies violates antitrust law. The lawsuit, one of a series that has been filed against Google in the United States, comes in the wakes of complaints from app developers regarding…
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