With investments from the likes of Facebook and top Silicon Valley investors Silver Lake and TPG, more than $15 billion in investments for his technology company has been amassed by Indian billionaire Mukesh Ambani within just less than two months, His project has now caught the interest of Saudi Arabia – a powerful investor with…
The hard hit that the novel coronavirus pandemic has dealt to the global oil industry and the consequent historic drop in crude prices has forced global oil majors to resort to costs of operations. The state owned Saudi Aramco of Saudi Arabia, the largest oil company of the world, is no exception. According to reports…
The British supermarket giant Tesco Plc will be selling off its business interests in Poland in its continued efforts and strategic plan of scaling back its international business operations to reduce expenditure and focus on key growth markets. The United Kingdom based retailer will be selling off its Polish business that has a total of…
After estimates that the demand for oil globally could be affected for the next 30 years because of the novel coronavirus pandemic hitting the world, British Petroleum (BP) has decided to cut the value of its oil and gas assets by up to $17.5bn while also possibly being forced to ditch new fossil fuel discoveries…
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…
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…
Face masks or all riders availing Uber services in the United Kingdom will be made mandatory by the ride sharing company starting next week. The measure was being taken by it “to help everyone stay safe”, said the minicab app firm. It added that measures to give access to drivers to protective equipment have also…
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,…
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