With Chinese tech companies increasingly coming under heightened scrutiny in the United States, the Chinese online media firm Sina Corp. has decided to exit Wall Street after being listed there for 20 years. Sina said in a statement that in a deal that values the company at $2.6 billion, the company, which is head quartered…
The impact of the novel coronavirus pandemic surpassed the grim milestone of a total death toll of a million on Tuesday, according to official data, as the pandemic that first emerged in China at the end of last year, had devastated the global economy, has completely strained the health systems and changed the way people…
United States based industrial giant General Electric has decided to exit the market of constructing coal-fired power plants and focus more on greener projects. This move is being seen as a dramatic reversal in the policy of one of the largest makers of coal based power plants in the world. With the company prioritizing its…
There is an apparent discrepancy about the details of the deal that as struck between the Chinese tech company ByteDance an American companies Oracle and Walmart over the divestment of the Chinese firm owned short video sharing app TikTok with both parties issuing conflicting statements on the matter on Monday. The two American companies had…
The decision of the United States government to impose a ban on the Chinese owned messaging and payments app WeChat has been clocked by a judge in eth US Serious questions related to the constitution’s first amendment, guaranteeing free speech were raised by the ban, said US Magistrate Judge Laurel Beeler. Starting last Sunday, a…
An open letter signed members of parliament of the United Kingdom, academics and children’s-rights advocates have urged tech firms to stop advertising to its users who are under the age of 18 years. The letter says that it is not only n individual’s privacy that is undermined by behavioural advertising but it also pits “susceptible”…
He had heard that Oracle Corp was very close to a deal over ByteDance’s TikTok, said United States President Donald Trump on Tuesday even as reports quoted sources that the Chinese owner of TikTok was seeking to hold on to a majority stake in the US business of its popular short video sharing app. …
Following uproar over the link of the Walt Disney film of “Mulan” having links with the Xinjiang region, major media outlets have been ordered by Chinese authorities not to cover the release of the film, said reports quoting information from sources. High hopes for the film making bog in China had been pinned by Disney…
On Tuesday, in an interesting turn of events, China unveiled its global data security initiative to oppose data theft by using information technology to undermine key infrastructure, and forcing companies to store data generated overseas in their home country. In a statement, China’s State Councillor Wang Yi said, the initiative calls for tech companies to…
On Monday, in a historic development, Israel’s El Al Airlines will fly its first flight to the United Arab Emirates by a commercial carrier, said a spokesman for the airline. Ties between both countries have forged ahead as they surge ahead to normalize ties. The direct flight between Israel’s Ben Gurion Airport and the UAE’s…
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