The largest e-retailer of the world Amazon.com Unc has been slapped with five new lawsuits filed by women alleging gender bias, racial bias or both against them by the retailer. All of the women worked in corporate or warehouse management roles and are aged between 23 to 64 years. In the law suits, the women…
A new research has found that carbon emissions in China is being pushed to record highs with the country’s strategy to get out of the pandemic induced slowdown by boosting the construction sector of the country. A report from the Centre for Research on Energy and Clean Air (CREA) stated that in the first quarter…
After an intense call by a China to crack down on mining and trading of bitcoin, the price of the crypto currency tumbled significantly on Friday. Tighter regulation is needed to protect the financial system of the country, Chinese Vice Premier Liu He and the State Council said in a statement. It is necessary to…
A strategic partnership has been struck between Microsoft’s China arm and the Chinese retail tech company Hanshowm, the software giant said. The two companies will work on offering cloud based software for store operators globally. This is the latest venture for Microsoft in a retail industry that is facing the pressure of shifting fast towards…
A first-quarter net loss of $2.06 billion was reported by the office-sharing startup WeWork m backed by Japan’s investment firm SoftBank, on Thursday. The loss was because of hits of restructuring costs, the company said as it prepares to get listed through a merger with a blank-check firm. The easing of restrictions imposed throughout the…
JD Logistics Inc, which was spin off from e-commerce major JD.com Inc, will likely price shares at HK$40.36 ($5.20) in its initial public offering (IPO) at Hong Kong which will be towards the lower end of its flagged range, said reports quoting source information. The sources were not identified in the reports. There were…
On Friday, in a statement Dutch charging infrastructure company Fastned said, it has partnered with Tesla to build electric vehicle (EV) charging stations at a hub in Oxford, UK. The hub, featuring 26 charging stations, will also include 12 Tesla Supercharger stalls and 14 Fastned fast chargers and will be built in cooperation with Oxford…
According to four sources with knowledge of the matter at hand, embattled Chinese tech giant Huawei Technologies is expanding its smart car partnership with state-owned Chongqing Changan Automobile Co Ltd to include the design and development of semiconductors for the auto sector. In the last 6 months both companies have been collaborating informally on designing…
Storytel , a Swedish audiobook streaming group has teamed up with Spotify to allow its subscribers to listen to its library of audiobooks on Spotify from later this year. Storytel offers listening and reading of more than 500,000 titles across 25 markets and competes with the likes of Amazon’s Audible. “We will also be tapping into the opportunity…
In a development that marks China’s latest attempt to clamp down on speculative trading of cryptocurrency, Beijing has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, warning investors against speculative crypto trading. Under the ban, institutions including banks and online payments channels are disallowed to offer clients any services involving…
