The Chinese owned short video sharing app TikTok could no longer be allowed to app in app stores of the United States s well as not be able to publish any advertising on the platform according to the executive order banning the app by US President Donald Trump, said a report published by the news…
A radical change in the configuration of its offices is being planned by British Petroleum (BP). According to the plan, the oil and gas giant could reduce the properties its holds by almost 50 per cent by shifting about 50,000 employees towards remote working and flexible workplace layouts because of the novel coronavirus pandemic. According…
In a notable court ruling in the United States, a judge in California has ruled that the two rivaling ride hailing companies Uber and Lyft will now have to classify their drivers as employees and not treat them as mere freelancers. The court gave the two companies a period 10 days to file an appeal…
Following a complaint that it had been sent to it in May against the Chinese owned short video sharing app TikTok, the data privacy watchdog of France, CNIL said on Tuesday that it was initiating a preliminary investigations into the app and its activities and business practices. Data regulators in the United States, the European…
“Substantial agreement” on most of the elements of a post-Brexit trade deal was reached between Britain and Japan earlier this week after two days of talks. It has been reported that during the talks, moves to restrict British farm exports was resisted by UK trade secretary Liz Truss. The elements of the trade deal between…
Following the announcement of a possible ban on TikTok by the United State president Donald Trump within 45 days, the Chinese owned short video sharing app has been preparing its advertisers for the worst situation by offering refunds for campaigns that the app owner was unable to run on the platform, said reports quoting ad…
Uber has been forced to adopt the taxi model in Latin America because of the novel coronaviruss pandemic. This new approach to business for Uber is because of the pandemic related regulatory clampdown in countries such as Chile and Colombia where the ride-hailing business is considered mostly to be unregulated. Chinese rid hailing company Didi.,…
With speeding up measures for cost savings in the wake of the novel coornvirus pandemic, the German engineering group Siemens said it expects to register a “modest” improvement in orders and revenue within the next few months. While raining forecast for its earnings as it cut costs and had benefited from an accounting gain, the…
The German auto giant BMW id forecasting an operating profit this year even though the company reported a loss of 666 million euros ($787 million) during the second quarter following slump in sale of its luxury cars during the lockdowns implemented across most major markets to prevent the spread of the novel coronavirus pandemic, the…
The hit to the global economy and a consequent forecast of a significant hit to global demand in cars because of the novel coronavirus pandemic has forced Japanese auto giant Honda Motor Co to forecast a 10-year low annual operating profit for the current year with a 68 per cent decrease. In the year to…
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