Midst heightened regulatory scrutiny over Facebook Inc, the social media giant has dropped to the 23rd spot in Glassdoor’s list of “Best Places to Work” in 2020, down from the seventh spot it secured last year. Employees have given Facebook’s senior leadership as well as its work-life balance a relatively lower rating in Glassdoor; The…
Researchers at the California Academy of Sciences have claimed that they have found 71 new plant and animal species in 2019 which range from geckos to goblin spiders, flowering plants, and Mediterranean ants. Scientists made these discoveries in all of the five continents and three oceans. While adding to the already existing huge species list…
In a complaint filed in the U.S. Court of Federal Claims, Amazon Inc has accused U.S. President Donald Trump of having a bias and exerting “improper pressure” in the awarding of a $10 billion cloud computing contract to its rival, Microsoft Corp. Amazon’s complaint states, Trump had launched a “repeated public and behind-the-scenes attacks to…
In a statement, South Korea’s LG Chem and General Motors Co disclosed, they plan on investing $2.3 billion to build an electric vehicle battery cell joint venture plant in Ohio, in what is stated to be one of the biggest battery facilities in the world. The plant, which will be built near GM’s closed assembly…
Finance ministers from the European Union have agreed that private digital currencies including Facebook’s Libra should not be allowed in the European Union until potential risks surrounding them are clearly addressed. The move confirms the tough stance claimed by the EU on stablecurrencies such as Facebook’s Libra, which incidentally has attracted criticism from global regulators…
Nestle’s commercial water-bottling operation is “not an essential public service” or a public water supply, ruled second-highest court of Michigan, United States. Analysts see this as a blow for the company’s Ice Mountain water brand. On the other hand, for Osceola township, a small mid-Michigan town, this verdict is a victory. The town had prevented…
On Thursday, Australia started an investigation into the potential usage of foreign influence using social media platforms such as WeChat, Facebook, and Twitter. The development comes in the wake of heightened concerns in the country that China is seeking to cast its influence in Canberra’s affairs. In the past, Russia had used social media to…
As per a Bloomberg report citing sources familiar with the matter at hand the U.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc beyond its retail operations and now includes its cloud-computing business as well. As per the report, U.S. antitrust enforcers have been asking software companies questions pertaining to Amazon Web…
United Airlines Holdings Inc announced it has placed an order for 50 A321XLR jets from Airbus SE which will fly between the U.S East Coast and Europe. With this United Airlines has become the latest U.S. airliner to purchase passenger jets from Airbus rather than Boeing. United Airlines aims to replace 53 Boeing 757-200 with…
In a development that underscores deepening legal troubles for Chinese video-sharing app TikTok, a California college student has filed a class-action lawsuit against it alleging that it has transferred private user data to servers in China. The allegations deepen legal troubles for TikTok, owned by Beijing ByteDance Technology Co, in the United States, and comes…
business-gurus.com 