Google Proposes More Concessions For Fitbit Deal To Win EU Approval: Reuters

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…

Warning Of $2.9 Billion Hit On Earnings Over US Quality Issues Issued By Hyundai And Kia

The total hit to Hyundai Motor and affiliate Kia Motors because of the quality issue that has been going on for years now, which has also tarnished its image and credibility, has now touched almost $5 billion as the copany now has issued a warning of another $2.9 billion of provisions related to engine issues.…

Instagram Being Probed By EU Over Usage Of Personal Data Of Children

Ireland’s Data Protection Commissioner (DPC) is currently investigating Instagram over charges of mishandling of personal data of children on its platform. If Instagram is found to have broken privacy laws a large fine could be imposed on the social media app’s owner Facebook. This announcement of the investigation comes after reports were published about Instagram…

Amazon And Flipkart Warned By Indian Govt. Over Country Of Origin Rule

It was not long ago that the Indian government had introduced the clause of mentioning the country of origin for products sold on e-commerce platforms. The government has now issued a warning that sellers on the e-commerce platforms of Amazon.com’s local unit and Walmart’s Flipkart are not complying with the rule requiring that a product’s…

Trial Of Its Antibody Drug For Covid -19 Paused By Eli Lilly Over Safety Concern

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…