The growing popularity of mobile payments app in many of the emerging economies of the world has drawn rte attention of many tech companies. One such firms, the social media giant Facebook which had announced previously its plans to launch a mobile based payment service through its social media messaging app WhatsApp. The company has…
Two antitrust investigations have been started by the European Union against the business policies and tactics of App Store and Apple Pay of United States based tech giant Apple Inc on Tuesday. This move by the antitrust regulator of the EU is a part of the efforts of the bloc to put scrutinize online gatekeepers…
On Tuesday, Grab announced a trimming of its workforce citing the coronavirus which emerged from Wuhan China. The Southeast Asian ride-hailing and payments services firm, considered Southeast Asia’s most valuable startup with a valuation of $14 billion, informed staff of the move at a townhall, said two sources with knowledge of the matter at hand.…
In a significant development that marks a tweak in its China strategy, Washington has confirmed that it will amend its prohibitions on U.S. companies doing business with China’s Huawei and allow them to work together on setting standards for next-generation 5G networks. The U.S. Commerce Department along with other agencies have signed off on the…
According to the results of a Apple-backed study, which for the very first time sought to quantify activity at its AppStore which does not produce a commission for Cupertino, it was found that the App Store spurred $458 billion in sales in 2019 from categories which includes retail of physical goods, ride-hailing and advertising. For…
On Monday, e-learning company Skillsoft Corp stated, it has filed for pre-packaged Chapter 11 bankruptcy in order to trim its debt of around $2 billion. Skillsoft has agreed to enter into a restructuring agreement with majority of its lenders that would help it trim its debt to $410 million. Skillsoft filed for bankruptcy in the…
In a statement Germany’s Health Minister Jens Spahn said, Germany is scheduled to launch its coronavirus tracing smartphone app later this week. The development comes after brief delays to ensure the Bluetooth technology would work at the correct distance. The tool will play a critical role to help avoid a second wave of infections in…
The first commercial product from OpenAI, the machine learning nonprofit co-founded by Elon Musk, was released. This is a rentable version of a text generation tool which was once considered to be too dangerous to release by the organisation itself. Businesses are allowed to directly access the most powerful version of GPT-3, OpenAI’s general purpose…
The California, United States based video conferencing app owner Zoom has become very popular in China in recent months as the Chinese found this app a way to get connected with the outside world with the so called Great Internet Wall, a form of state censorship on the internet in China. However the services seem…
As many as 1,200 stores worldwide of the owner of the clothing brand Zara will be closed in an effort to provide a boost to the online sale of clothing amidst the chaos to its business because of the outbreak novel coronavirus pandemic. Between 1,000 and 1,200 mainly smaller stores will be “absorbed” by it,…
business-gurus.com 