The political tug of war over TikTok has created an opportunity for retailer Walmart to purchase an app that has a huge fan following in the United States and in some other markets. On Thursday, the company confirmed that it was joining the bid to purchase the Chinese owned short video sharing app in partnership…
Like many other global companies, the novel coronavirus pandemic has also hit the global beverage giant Coca-Cola Co hard. The company has said that it was going to lay off thousands of workers in response to the coronavirus crisis. The company said that it was also looking to offer voluntary deals across its businesses and…
Confirming media reports, Tesla Inc’s CEO, Elon Musk said, the carmaker’s Nevada factory was a target of a “serious” cybersecurity attack. According to a report by Teslarati, a news website, Tesla Inc was the unnamed company in a statement issued by the U.S. Department of Justice on Tuesday regarding the arrest of a Russian national…
On Friday, trading resumed at New Zealand’s stock exchange following offshore Distributed Denial Of Service (DDoS) offshore cyber attacks for four consecutive days. In a statement, the government said, national security systems had been activated to support the bourse. While the origin of the “offshore” DDoS attack is being investigated, the failure to stop the…
The retail giant Walmart will joint hands with Microsoft in a bid to purchase the United States operations of TikTok. This was confirmed by the retailer to the media, saying that it is interested in purchasing the tech company. The news sent shares of Walmart up more than 3%. According to reports quoting sources, an…
Jeff Bezos, the founder and owner of the largest e-commerce company of the world Amazon.com, has been the richest man in the world for quite some time. Bow he has set another new record with his personal net worth skyrocketing once again. According to the Bloomberg Billionaires index, the personal net worth of the CEO…
Raising of at least 2 billion pounds ($2.6 billion) from the sale of its assets will be made by British aero-engine maker Rolls-Royce in order for it to prop up its balance sheet that has been severely hit by the novel coronavirus pandemic and the related slump in the travel industry, the company said. In…
According to two sources with direct knowledge of the matter at hand, Chinese electric vehicle (EV) maker Xpeng XPEV has increased the size of its U.S initial public offering (IPO) to around $1.49 billion. “The company will price its shares at $15 each, after initially indicating they would be sold for $11 to $13 when…
In a significant development, the U.S. government has issued a warning saying, North Korean hackers are increasingly targeting banks around the globe for fraudulent money transfers; they are also targeting ATMs to illegally withdraw cash. The technical cyber security alert was jointly given by four different federal agencies, including the Treasury Department and FBI. They…
A wage support scheme started by the United States government aimed for supporting the country’s airlines during the novel coronavirus pandemic is set to come to an end in October and once that happens, about 19,000 jobs will be cut by American Airlines, the airlines said. These job cuts which will be over and above…
business-gurus.com 