Xiaomi Corp readies launch of own computer chip
In a significant development, Xiaomi Corp announced on Friday that it will unveil a new self-developed computer chip on March 29 on its official Weibo social media account.
UK Competition Regulator Gives Five Days To Facebook, Giphy To Offer Solution To Competition Concerns
The largest social media company of the world Facebook and the animation firm Giphy was given just give working days by the competition regulators of the United Kingdom to come up with definitive proposals and submit the same with the regulator about the way the companies want to address the concerns of the regulator about…
Business Activity In Euro Zone Grows In March – The First In 6 Months
Preliminary figures released on Wednesday showed that there was an expansion business activity in the euro area in March. However, any recovery could be derailed by a third wave of the pandemic in the region even as infections of Covid-19 are rising. Compared to 48.1 in February, the IHS Markit’s flash composite PMI for the…
Influential US Magazine Raises Privacy Concerns About Tesla’s In-Car Cameras
According to a report by the influential magazine Consumer Reports published from the United States, concerns about user privacy are being raised because of the in-car cameras of Tesla’s car which are used to record and transmit video footage of passengers for the development of the company’s self-driving technology. The benefits of driver monitoring are…
The First Ever Tweet Posted By Twitter Founder Jack Dorsey Auctioned For $2.9m
A Malaysia-based businessman has purchased the first tweet ever that was sent by Twitter founder Jack Dorsey for the equivalent of $2.9m. Dorsey gas auctioned off the tweet which said “just setting up my twttr,” and was first published on March 21, 2006 for charity. The purchase of the tweet was compared to that of…
IT solutions provider Synnex Corp merges with Tech Data in $7.2 billion deal
In a statement Synnex Corp, an IT solutions firm said, it will merge with Tech Data in a deal worth about $7.2 billion, including debt. The combined company will create one of the world’s biggest IT distribution companies. With the news reaching the market Synnex’s shares surged by 6.5%. The merger comes less than…
Discord valued at $10 billion plus, as it explores selling itself
According to a report from VentureBeat, Discord Inc is exploring a sale that could value it at more than $10 billion. San Francisco-based Discord is in final negotiations with one party, said the report. The company does not comment on rumors or speculation, said Discord. The coronavirus-induced pandemic has boosted prospects of gaming companies with…
Foxconn’s shares surge midst collaboration talks with Vietnamese conglomerate Vingroup
On Monday, Foxconn’s shares surged by 3.6% following a statement from Vietnamese conglomerate Vingroup saying its car unit was in early stage talks with the company to collaborate on the development of batteries and electric car parts. Foxconn has proposed acquiring EV production lines owned by the unit VinFast.
Visa’s Debit Card Practices Being Probed By US Justice Department
Reports making the rounds that the credit card company Visa Inc was being investigated for by the United States over allegations that the company uses anticompetitive practices in the debit-card market were confirmed by the company on Friday with it saying that its debit practices were being investigated by the the S The Justice Department.…
Record Profits For 2020 Reported By Sports Car Maker Lamborghini
The wealthy customers of the luxury sports car maker Lamborghini especially in China helped the brand to report record profits for 2020. This “raging bull” of the auto world managed to deliver 7,430 cars to customers during 2020 which was only 9 per cent lower than the record delivery done by it in the previous…
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