British Airways-owner IAG will issue a bond in the hopes of raising about 1 billion euros ($1.2 billion) which the company says will help it to survive if the slump in the airline industry because of the Covid-19 pandemic continues for longer than expected. Following a year where there was almost no income because of…
The ride hailing company Uber has said that it will guarantee a minimum wage, holiday pay and pensions for its 70,000 drivers in the United Kingdom, but also assured customers that it will not result in a rise in fares. In a move that analysts said could be have wide ranging implications for the wider…
With its competition with Apple intensifying, Samsung launched three mid-range smartphones on Wednesday aimed at attracting customers who have less cash to spare for purchasing a smartphone. The new models are part of the budget Galaxy A range of Samsung which has gained popularity as a brand as the company’s customers were put off by…
The Chinese fintech firm Ant Group has been given a valuation of over $200 billion based on its 2020 performance by some of the global investors of the company, claimed a report published by the news agency Reuters. That was a more sober estimate for the company’s valuation following the suspension of its IPO and…
There seems to be signs of a truce in the fight between the social media giant Facebook and the Australian authorities over the issue of the social media company paying local news outlets for news content used from them as Rupert Murdoch’s News Corp announced coming to an agreement on content supply with Facebook Inc.…
Explosive growth in the number of subscribers for Disney’s video streaming services that were launched just 16 months ago has forced analysts to forecast that the pioneer of the industry Netflix will lose its place as the biggest video streaming provider of the world within the next three years. The total number of subscribers for…
No new signups will be possible for Chinese users of LinkedIn — one of the very few Western social media networks that is still allowed to operate in China. Whilke making the announcement, the company clarified that the decision had no relation to the recent cyberattack on its parent company Microsoft. A group of hackers…
Only half of the planned doses of Covid-19 vaccines to the European Union for the second quarter of the current year will be supplied by AstraZeneca Plc as the company has not managed to amend a slew of production issues at its plants in Europe. According to a report published by Bloomberg based on data…
The social media platform YouTube has said that it had removed more than 30,000 videos related to misleading Covid-19 vaccination in the last five months. The reason for the removal was that the videos contradicted vaccine information from the World Health Organization (WHO) or health authorities such as the NHS of the UK, said a…
United States based aircraft maker Boeing Co is trying to regain investor confidence on its 737 Max planes after the two year global grounding of the planes as the company unveiled a new order for the planes that have be only recently been given permission to commercially fly again. The news propped up the shares…
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