There was an outage of a number of Google’s services including Gmail, YouTube and Google Docs throughout the world on Monday. However there was reportedly no apparent impact of the technical standoff on the working of Google.com and Chrome. The outage resulted in temporary unavailability of Google Classroom which prevented many students around the world…
The announcement of the $39 billion deal for acquisition of the United States based biotech company Alexion Pharmaceuticals by the British pharma company AstraZeneca resulted in a drop of 9 per cent in the share price of the British drug maker. According ot analysts, investors were spooked by the costs for the company because of…
German investigators are investigating the social media giant Facebook in relation to the company’s virtual reality headset – the Oculus Quest. Facebook has made it mandatory for an owner of the Oculus Quest 2 to have a working account on the social media which has been criticised severely by VR fans and reviewers. According to…
Some telecommunication companies of the United States have been ordered by the US Federal Communications Commission (FCC) to remove Huawei equipment from their network and replace them with equipment from other vendors. The process of cancellation of China Telecom’s authorisation to operate in the US has also been initiated by the FCC. This is the…
An additional grant of $250 million was pledged by the Bill and Melinda Gates Foundation this week for the purpose of supporting the development and distribution of Covid-19 treatments and vaccines that were of low costs and were much easier to distribute and deliver to the common people. This latest contribution to the cause is…
With the novel coronavirus pandemic continuing to generate huge demand for home delivery, its annual earnings forecast was raised for the second time in two months on Thursday by the British online supermarket Ocado Group. A forecast of earnings before interest, tax, depreciation and amortisation (EBITDA) of “over 70 million pounds” ($93 million), compared to…
With for the first time in more than a decade, the consumer price index of China dropped in November with a drop in food prices. According to data from China’s National Bureau of Statistics on Wednesday, there was a drop of 0.5 per cent year on year in the month of November in the consumer…
The stakes for the United Kingdom have never been as high with days left for it to reach a trade deal with the European Union. But the three sticking points of fishing rights, government aid for companies and how disputes are settled stull threaten to collapse the trade talks. While costs for UK companies would…
Increasing chances of defaults and ultra-low interest rates are the two major headwinds that would be faced by global banks next year, believes Piyush Gupta, the chief executive of Singapore’s largest bank DBS. Gupta said that the economic hit of the novel coronavirus pandemic has been cushioned to a great extent by government support around…
No fresh investment in manufacturing of battery electric cars in Britain will not be made by the Japanese car giant Toyota until at least the mid-2030s. That announcement was a blow to the aims of the United Kingdom that its car industry will lead the path in the government’s efforts to shift away from conventional…
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