In relation to its controversial previous practices of intentionally slowing down older iPhones to extend their battery life, Apple has agreed to pay millions of dollars in damages to to 34 states in the United States. Under the agreement struck by Apple, the iPhone has to pay $113 million for the settlement of an investigation…
The managing director of the International Monetary Fund warned before this week’s virtual Group of 20 (G20) summit that even though vaccine breakthroughs offer hope, the efforts of staging a recovery for the global economy from the hit of the novel coronavirus pandemic seems to be losing steam and “the economic path ahead remains difficult…
For every 10,000 content views posted on Facebook in the third quarter about 10 were included in hate speech, said the social media company while disclosing numbers on the prevalence of hate speech on its platform, for the first time in its history. The estimate was released in its quarterly content moderation report by the…
Two of the most high profile digital media firms are set to merge together with the acquisition of HuffPost bty the online news and lifestyle site Buzzfeed. As part of the deal, seller Verizon Media will become a minority shareholder in Buzzfeed and will also make investments in the new combined entity. A partnership for…
After finding it difficult to meet up to a sudden increase in demand by consumers in the early stages of the novel coronavirus pandemic, an acceleration in growth is being predicted by the German fashion e-tailer Zalando. These comments were made by the company’s Chief Financial Officer David Schroeder on Thursday. A large number of…
With a new offering called Amazon Pharmacy, Amazon is now officially entering the pharmacy business. This new service can be used by Amazon customers to home deliver prescription medications in the United States. Delivery will be free for Amazon Prime members. For the last few years, its pharmacy offering has been slowly and quietly built…
All of the 34 per cent of stake that the Japanese auto maker Nissan Motor has in its Japanese counterpart Mitsubishi Motors is being planned to be sold out by Nissan, according to reports in the media quoting sources with knowledge of the matter. Analysts said that this move by Nissan, if actually true and…
In a trade deal that is backed by China but excludes the United States, world’s largest free trade bloc was created by fifteen Asia-Pacific economies on Sunday. The US had left a rival Asia-Pacific grouping under President Donald Trump in 2017. This new trade deal which is known as the Regional Comprehensive Economic Partnership (RCEP)…
At a time when the services of the firm are in high demand because of the pandemic raging through most of the world, the on-demand food delivery company DoorDash is getting ready to get itself publicly listed. While claiming that it has generated $1.9 billion in revenue in the first nine months of this year…
A special license was granted to Qualcomm Inc on Friday by the United States government allowing the company to now sell 4G mobile phone chips to China’s Huawei Technologies Co Ltd in what is an exemption to trade restrictions imposed by the Trump administration on the Chinese firm as trade and geopolitical tensions increase between…
