Despite the novel coronavirus pandemic wrecking havoc on the global tourism industry, the home-sharing business app Airbnb is still going ahead with its planned initial public offering and is preparing the paperwork for selling stock on Wall Street. The company has already submitted a draft registration statement to the Securities and Exchange Commission, said the…
After the fall out with Epic games over its policy of taking a cut from sales through its App Store, major news publishers have now decided to stand up against the United States based tech giant Apple Inc on its commission policy. News outlets have demand that apple give them more favorable terms with respect…
United States president Donald Trump has put his weight behind the U.S. enterprise software giant Oracle for purchasing the US business of he popular video sharing app TikTok. When asked if Oracle would be a good buyer for TikTok, TRumnp said that the Americna company is “a great company”. There were reports at the end…
Adding on to the series of actions being taken by government around the world against Chinese tech giants, iQiyi and Tencent will be banned operating streaming video services in Taiwan. According to a government notice published online Tuesday, partnering with local Tiwanese broadcasters and distributors to provide their video content through streaming services, Tencent Video…
Starting November 30, its workplace chat software Teams of Microsoft will no longer be available on Internet Explorer (IE), the company has announced. This will also include the Office products which will no longer work on IE starting August 17, 2021. Analysts view this as a major decision by Microsoft as this adds yet another…
A federal court in the United States has been approached by the US banking giant Citigroup seeking an order to force the hedge fund Brigade Capital to return about $176m that had been “mistakenly” given by the lender. The money demanded is a part of a total of $900m that had been accidentally transferred to…
While pharma companies and other institutions all around the world are in the race of developing the bets vaccine for the novel coronavirus, its effect is being felt on the Wall Street also. After getting listed on Friday, the stock of the German firm CureVac, a biotech firm that is backed by the Bill &…
With Britain adding France, the most visited country in the world, on its quarantine list, the efforts and hopes of Europe to restart its huge travel and tourism sector has been dealt a severe blow. According to the latest guidance from the UK Department of Transport, updated late on Thursday, a mandatory quarantine of 14…
United States based e-commerce giant Amazon has now ventured into the online medicine market of India with the launch of an internet pharmacy in the country. After initially starting the service in the Southern Indian city of Bangaluru, the company may also expand the services into other cities of the country as well. This move…
While downplaying the threat of a ban on its chatting app WeChat, its owner Tencent believes that the ban will only impact its operations in the United States. An equivalent messaging platform called Weixin is run by the tech giant in China and the company hopes that that service will remain unaffected. Tencent believes that…
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