Concession in its $2.1 billion acquisition of Fitbit will be given by Alphabet’s Google with the aim of appeasing the antitrust regulators of the European Union and ally its concerns, claimed a report published by Reuters citing information from sources familiar with the . According to sources, with these concessions, the deal is well set…
The United States government has paused the clinical trial being conducted by Eli Lilly and Co because of safety concerns, the company said. The trial was for an antibody treatment of Covid-19, the one taken by US President Donald Trump, and is being sponsored by the US government. In a video posted by Trump last…
According to analysts, the efforts of Nvidia to purchase United Kingdom based chipmaker Arm from SoftBank for $40 billion could face a major barrier from regulators in China. The two companies had announced the deal in September beginning. It is expected that if the deal gets through it would create the largest chip company in…
Negotiations for a Brexit trade agreement between the United Kingdom and the European Union essentially “over”, said Downing Street. Unless there was willingness on the part of the EU to to discuss the detailed legal text of a partnership, there was “no point” in discussions continuing next week, No 10 said. No. 10 is the…
Federal investigative agencies in India have been requested by Indian entrepreneur BR Shetty to investigate two former top executives of his companies and two Indian banks in relation to a financial scandal engulfing his group that could run into millions of dollars. Shetty filed a complaint with the agencies in relation to investigating a number…
A study conducted on millions of tweets have found that anti-vaccination content generated by bots are rarely retweeted by Twitter users which suggests that there are some serious limitations in the use of bots in spreading vaccine misinformation. The role of bots was apparently found to be ineffective with respect to efforts to influencing discourse…
More airlines are set to fail in the coming months despite some airlines have been helped not to go bankrupt by strong government support say aviation experts. Since January this year, 43 commercial airlines have failed, found Travel data company, Cirium. In comparison, 46 and 56 airlines had failed for the entire years of 2019…
Even though the Chinese owned short video sharing app TikTok is currently faced with a possible ban by in the United States after the government accused it of being a national security risk, many of the major advertisers including Procter & Gamble, Danone and Chipotle Mexican Grill have decided to stick around with spending on…
For those countries that has any intention of including telecom equipment manufactured by the Chinese firm Huawei in the creation of 5G networks, the Chinese company is willing and ready to be thoroughly examined so that it can be proved that none of its equipment that it could potentially supply poses no risk to any…
Even if the United Kingdom and the European Union manages to strike a deal on Brexit, the car industry of Britain runs the risk of losing out, claims a report published by the BBC based on documents seen by the media. Some experts see imposing higher tariffs for car parts imported from Japan and Turkey…
