A spurt in demand for online purchase has prompted the largest supermarket of the United Kingdom, Tesco, to create 16,000 jobs to meet demands of its online business. This is a rare boost to the otherwise severely struggling UK economy. The 16,000 new jobs will be permanent in nature and would be in addition to…
As a part of its broader initiative to help Black communities, which it announced in June, the social media company Facebook will give away $40 million in grants to Black-owned businesses that have been hit by the novel coronavirus pandemic, largest social media company of the world said. The company said that the grant program…
Despite the novel coronavirus pandemic wrecking havoc on the global tourism industry, the home-sharing business app Airbnb is still going ahead with its planned initial public offering and is preparing the paperwork for selling stock on Wall Street. The company has already submitted a draft registration statement to the Securities and Exchange Commission, said the…
After the fall out with Epic games over its policy of taking a cut from sales through its App Store, major news publishers have now decided to stand up against the United States based tech giant Apple Inc on its commission policy. News outlets have demand that apple give them more favorable terms with respect…
Last year, the sale of plant-based meat alternatives crossed 200 million Swiss francs ($218.7 million) for Nestle which has prompted the company to announce launch its first plant-based seafood alternative, a tuna substitute called Vuna. The company plans to first introduce the product in Switzerland later this month and later roll it out in other…
United States president Donald Trump has put his weight behind the U.S. enterprise software giant Oracle for purchasing the US business of he popular video sharing app TikTok. When asked if Oracle would be a good buyer for TikTok, TRumnp said that the Americna company is “a great company”. There were reports at the end…
Adding on to the series of actions being taken by government around the world against Chinese tech giants, iQiyi and Tencent will be banned operating streaming video services in Taiwan. According to a government notice published online Tuesday, partnering with local Tiwanese broadcasters and distributors to provide their video content through streaming services, Tencent Video…
Starting November 30, its workplace chat software Teams of Microsoft will no longer be available on Internet Explorer (IE), the company has announced. This will also include the Office products which will no longer work on IE starting August 17, 2021. Analysts view this as a major decision by Microsoft as this adds yet another…
A federal court in the United States has been approached by the US banking giant Citigroup seeking an order to force the hedge fund Brigade Capital to return about $176m that had been “mistakenly” given by the lender. The money demanded is a part of a total of $900m that had been accidentally transferred to…
While pharma companies and other institutions all around the world are in the race of developing the bets vaccine for the novel coronavirus, its effect is being felt on the Wall Street also. After getting listed on Friday, the stock of the German firm CureVac, a biotech firm that is backed by the Bill &…
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