Tesla CEO Elon Musk has set his sights on a new business segment which is already significantly dominated by existing behemoths – the telecommunications industry. Earlier this month, Musk became the richest person in the world as the electric auto company he had co-founded broke all records to also become the most valued auto company…
According to a document from the European Commission, antitrust regulators from the European Union have sought information from advertisers regarding Google’s advertising technology practices. During the last three years, Google, owned by Alphabet Inc, has been fined a total of $10 billion (8.25 billion euros) for blocking rivals in online shopping, online advertising and Android…
Starting from April, Amazon.com Inc is set to raise fees by 3% for Spanish companies that use its platform. The development comes in the wake of the Spanish government imposing a digital tax on large tech companies. Confirming the so-called Google tax, a spokesman for Amazon said, after Spain begun charging a digital tax on…
In a statement on Thursday, Britain’s IG said, it plans to acquire tastytrade, a U.S. trading platform, for $1 billion. The development will see IG venturing into North America following a stellar year for the new breed of retail investment brokerages. The Coronavirus induced COVID-19 pandemic which brought lockdown in most countries increased market volatility…
A sustained growth in demand for its cleaning products driven by the novel coronavirus pandemic prompted Procter & Gamble Co to raise for the second time its sale forecast for the full year even though the company warned that the roll out of vaccine across the world could slow down the speed of the sales…
On Thursday, COVID-19 researchers from Britain’s Oxford University said, rapid lateral flow tests will most likely identify the most infectious COVID-19 cases with higher viral loads; this is despite concerns over the overall sensitivity of the tests, Along with the roll-out of COVID-19 vaccines, the government has introduced widespread testing, including lateral flow tests, as…
According to a statement from German Finance Minister Olaf Scholz, Germany will provide an annual tax relief of around 2.3 billion euros as part of part of a new measure to support purchases of digital assets, including computer software hardware. German state government and the federal government agreed on Tuesday, that digital assets could be…
Mercedes-Benz has unveiled a new electric compact SUV, the EQA, as part of its plan to take on Tesla Inc; the move also sees the carmaker increase its lineup of emission-free vehicles as it races to meet targets in Europe and China. The EQA is the first of several electric models the company plans on…
Facebook-owned messaging giant WhatsApp has been asked by the Indian government to withdraw its planned alteration of its privacy policy that has faced widespread backlash, claimed multiple reports in India. According to the reports, India’s technology ministry the Ministry of Electronics and Information Technology asked the WhatsApp chief Will Cathcart to withdraw the proposed change…
In a statement on Tuesday, India’s Ministry of Technology said, it has told Facebook Inc-owned WhatsApp to withdraw the recent changes in its privacy policy since it they take away choice from Indian users. “The proposed changes raise grave concerns regarding the implications for the choice and autonomy of Indian citizens,” said Ministry of Technology…
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