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…
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…
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…
There has been a sharp rise in removed videos form the video sharing platform YouTube, including some that had not violated its policies, because of the increasing reliance of the firm on technology to moderate content, YouTube said on Tuesday. More than 11.4 million videos were removed from the platform for violating its policies between…
According to the findings of a new study, children’s intelligence is boosted if they grow up in a greener urban environment. Such upbringing also helps to lower the levels of difficult behavior among such children. The study conducted on more than 600 children aged between 10 and 15 years showed that a 3 per cent…
Facebook has agreed to pay 106 million euros ($125 million) to the French government in back taxes and penalties through its French subsidiary. This is being seen as a result of the persistent efforts of the French government to force the largest of the online companies such as Facebook and Google to pay more taxes…
According to a report published by The Wall Street Journal, citing information from people familiar with the matter, United States President Donald Trump was warned by Facebook CEO Mark Zuckerberg at a White House dinner last October about the potential and direct threat to the US business being posed by growth of Chinese tech firms.…
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