The ride hailing company Uber has said that it will guarantee a minimum wage, holiday pay and pensions for its 70,000 drivers in the United Kingdom, but also assured customers that it will not result in a rise in fares. In a move that analysts said could be have wide ranging implications for the wider…
With its competition with Apple intensifying, Samsung launched three mid-range smartphones on Wednesday aimed at attracting customers who have less cash to spare for purchasing a smartphone. The new models are part of the budget Galaxy A range of Samsung which has gained popularity as a brand as the company’s customers were put off by…
In a statement Finnish telecoms giant Nokia said it plans on trimming up to 10,000 jobs within the next two years. The cost cutting move is aimed at boosting its research capabilities. In a statement Nokia said, it expects to incur around 600 million euros to 700 million euros in restructuring and associated charges by…
In a significant development, SoftBank Corp-owned Japanese messaging app Line allowed Chinese engineers at a Shanghai affiliate to access data on Japanese users without gaining their consent, reported Japanese media on Wednesday. “There hasn’t been anything that breached legal or regulatory boundaries,” said Line’s spokesman. “We always put ourselves to a standard were we want…
There seems to be signs of a truce in the fight between the social media giant Facebook and the Australian authorities over the issue of the social media company paying local news outlets for news content used from them as Rupert Murdoch’s News Corp announced coming to an agreement on content supply with Facebook Inc.…
On Tuesday, in a statement NTT Finance said, it aims to establish an investment vehicle which will invest in Israeli tech startups from venture firm OurCrowd’s portfolio. NTT Finance is a subsidiary of NTT Group, which is also known as Nippon Telegraph and Telephone. It said it will commit $15 million into OurCrowd’s portfolio through…
Explosive growth in the number of subscribers for Disney’s video streaming services that were launched just 16 months ago has forced analysts to forecast that the pioneer of the industry Netflix will lose its place as the biggest video streaming provider of the world within the next three years. The total number of subscribers for…
On Monday, in a statement Deliveroo said, it plans to sell around new shares worth $1.39 billion (1 billion pounds) in its upcoming initial public offering (IPO), in what is expected to be the biggest London listing in more than seven years. The British food delivery company, which has the backing of Amazon.com Inc, said…
Britain needs to boost its capabilities to carry out offensive cyber attacks, said British Prime Minister Boris Johnson ahead of a national security review slated for later this week. “Cyber power is revolutionising the way we live our lives and fight our wars, just as air power did 100 years ago,” said Johnson in a…
Only half of the planned doses of Covid-19 vaccines to the European Union for the second quarter of the current year will be supplied by AstraZeneca Plc as the company has not managed to amend a slew of production issues at its plants in Europe. According to a report published by Bloomberg based on data…
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