In a development that could potentially boost Tesla’s marketshare, the carmaker’s CEO Elon Musk tweeted that its Model S “Long Range” sedan in the United States will receive yet another price cut bringing its price to below $70,000 for the first time to $69,420. This is the second time this week that Tesla has cut…
In a significant move, French Finance Minister Bruno Le Maire said, the European Union should press ahead with plans for a digital tax in the bloc. The call comes at a time when the OECD is weighing options which include the rewriting of international tax rules. On Wednesday, G20 finance ministers have lent their support…
In a statement, Alphabet Inc’s Google said, it plans on providing grants worth $1.1 million to help businesses in the Middle East and North Africa towards improvements of their digital skills as well as to get them connected to the internet. In a presentation, Google said, it will also provide $3 million in loans to…
In a statement Washington state’s Attorney General Bob Ferguson said, Twitter Inc will have to pay $100,000 to Washington state’s Public Disclosure Transparency Account for non-compliance to multiple political campaign finance regulations. Between 2012 through 2019, Twitter received around $200,000 in campaign ads and failed to disclose the same. Washington state law requires such disclosures.
Federal investigative agencies in India have been requested by Indian entrepreneur BR Shetty to investigate two former top executives of his companies and two Indian banks in relation to a financial scandal engulfing his group that could run into millions of dollars. Shetty filed a complaint with the agencies in relation to investigating a number…
The old dual-headed structure of Unilever, which has been in existence for the last 90 years, will now be converted to a single London-based headquarters after the shareholders of the Anglo-Dutch consumer goods company approved of the change. The company said that more than 90 per cent of the shareholders supported the change. The shareholder…
In order to help companies using its digital marketing software to better he penetration of their marketing campaigns, a new set of artificial intelligence (AI) tools have been put into the software, Adobe announced. According to analysts, companies use such software as is provided by Adobe for running digital marketing campaigns with software helping companies…
In a statement U.S. gaming platform Roblox Corporation said, it has confidentially filed for a IPO with the Securities and Exchange Commission. The development could potentially see the company doubling its recent valuation of $4 billion. Roblox did not respond to requests for comments on whether it has selected the traditional route for its IPO…
On Tuesday, in a significant development, central banks have said, they are set to regulate cross-border stablecoins, including Facebook’s Libra, with a common approach; they also mentioned that more rules may be introduced later to ensure market stability. The prospect of a currency-backed stablecoin being used by billions of people on Facebook has galvanized central…
According to sources with knowledge of the matter at hand, Revolut, a digital banking app plans on applying for a bank charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within weeks. Although Revolut’s bank charter will be with California, it will allow the lender to operate widely throughout…
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