The streaming platform Spotify will now have the opportunity to reach out to an additional one billion customers as the company plans to expand its business and launch its services in 85 new markets. The company made the announcement during a live streaming event that featured Justin Bieber, Prince Harry and Meghan Markle. A new…
In a statement luxury electric vehicle maker Lucid Motors stated, it will go public by merging with blank-check firm Churchill Capital IV Corp in a deal that values the combined company at $11.75 billion. Incidentally, CCIV, which has the backing of Michael Klein, and new private investors are getting shares at different prices: the new…
Despite global fashion brands touting their desire and intention to achieve higher green operations, the complex nature of their global supply chains often inhibits the desire of the brands to use environmentally friendly materials. However this issue can be tackled with the use of blockchain technology that underpins cryptocurrencies such as bitcoin, believes TextileGenesis. Blockchian…
The first codes that were developed by the National Security Agency of the United States to be used in the country’s hacking operations were used by Chinese spies, claimed Israeli researchers said on Monday. If this claim is true, it would show how malicious software developed by agencies working for governments of countries can ultimately…
In a regulatory filing on Monday, video game platform Roblox Corp stated, it has revived its plans to go public and expects its shares to start trading on the New York Stock Exchange on March 10. Earlier the company had postponed its plans to go public through a direct listing following a U.S. Securities and…
In a statement, Wayne Griffiths, the chairman of Volkswagen’s Spanish unit SEAT said, the company is set to lose some of its production volumes in the first half of this year due to the shortage of semiconductors for the auto sector. It will have to recover the loss in the second half. Griffiths made the…
In a development that further fuels speculation of an impending deal between Volkswagen’s supercar brand Bugatti and electric hypercar maker Rimac Automobili, Porsche AG’s CEO told German weekly Automobilwoche that both companies make a good technological fit. Last year, British automotive magazine Car had reported that VW was on the brink of selling Bugatti to…
On Monday, in a significant development that marks Australia taking on big tech, Canberra said it will stick to its principled stand and will not change its proposed laws that takes on Facebook and Alphabet Inc’s Google forcing them to pay for news content, despite vocal opposition from the Big Tech firms. Facebook has reacted…
The competition regulator of the United Kingdom has warned of a possible reduction in consumer choice and an increase in the fees charged form people for online advertising of goods because of a $9.2bn deal that will create the largest classified ads business of the world. A combination of websites that are used by people…
According to the European Union chief executive Ursula von der Leyen, the fight against climate change should be jointly worked out by Europe and the United States, while the efforts to limit the power of big tech firms should also be done by the two parties together by framing a mutually agreed new framework for…
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