According to the vision of the European Union about its future relationship with the United Kingdom, the bloc wants a guarantee from Britain of “uniform implementation” of Brussels’s state subsidy rules as well as the handing down of rulings of the European court of justice to British courts, claimed a report published by The Guardian…
A facility for the testing of a treatment for the fast spreading coronavirus pandemic is being planned to be started within the next few months by Eli Lilly, the company’s CEO David Ricks announced during a television interview. Making the announcement, Ricks said that it has joined hands for this purpose with the privately held…
Founder of Microsoft Bill Gates will no longer serve on the company’s board starting Friday, the software tech giant said on Friday. Gate will also be stepping down from the governing body of Berkshire Hathaway. “I have made the decision to step down from both of the public boards on which I serve – Microsoft…
According to court filings by the U.S. Department of Defense (DoD) on Thursday, the DoD is asking permission from the court to reconsider certain aspects of its decision to award a $10 billion cloud computing contract to Microsoft Corp. Last month, a U.S. judge had granted Amazon.com Inc’s request to temporarily halt the DoD from…
On Friday, Apple Inc’s spokesman said, it is reopening all of its 42 branded stores in China after more than a month since they have been shut due to China’s coronavirus. The iPhone maker’s Chinese website listed the opening time for all stores, which varies from 10:00 am to 11:00 am local time. In early…
United States based global retailer Amazon.com has announced that all of its employees will be allowed to take unlimited sick days this month. However sick pay will be given to those employees who have been confirmed to be infected with the virus that causes the disease called Covid19. Employees in many of the company’s warehouses…
A new technology that evidently helps computers to better understand human communication will be commercialized by IBM. With the improvement of artificial intelligence systems in their abilities to process and learn from large quantities of data, they have become more important for businesses. However artificial intelligence systems have not been able to completely understand the…
Japan’s Sharp Corp has filed a patent infringement lawsuit against U.S. TV brand Vizio Inc and two others in an attempt to seek an injunction to ban one of Vizio’s TV products in the United States. In a statement, Sharp, a unit of Taiwan’s Foxconn, said Vizio’s 70-inch TV product uses liquid crystal display (LCD)…
Indian steel major Tata Steel’s European business – Tata Steel Europe, has said that it could cull as many as 1,250 jobs primarily to cut costs in the face of “challenging circumstances” and the “needs to urgently improve profitability”. According to a report published by the news agency Reuters, this was revealed in an internal…
Britain’s largest retailer Tesco has agreed on a deal with Thailand’s CP Group to sell off its businesses in Thailand and Malaysia for a value of $10.6 billion. The company said in a statement in Monday that entire shareholding in Tesco Stores (Thailand) Ltd, Tesco Stores (Malaysia) Sdn Bhd will be transferred to the CP…
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