The Chinese video sharing app TikTok was first banned and then unbanned within hours from the mobile phones of its employees by Amazon last week. The largest e-copmmerce company of the world said that the move was done by mistake. There was widespread attention for the Chinese-owned social media platform TikTok by the move by…
Up to $1 billion is being planned to be invested by the Taiwanese chip maker and Apple Inc’ largest contract manufacturer Foxconn in the expansion of its factory in of expand a factory in Southern India where the firm assembles iPhones for Apple, said a report from the news agency Reuters quoting sources with knowledge…
With the aim of reducing its dependence on the saturated smartphone market of the world, Japan Display is no aiming to expanding of its automotive display business. The urgency of the need for the strategy of the Japanese firm can be gauged from the fact that about 60 per cent of its revenues are generated…
Even with a growing number of Covid-19 cases in the state, Walt Disney World will be reopening in Orlando, Florida. The Covid-19, the respiratory disease caused by the novel coronavirus, pandemic has hit Disney very hard. Theme parks of the company across the world have been forced to shut down, operate its sports channel ESPN…
Facebook was unable to commit to any concrete solutions for addressing hate speech and misinformation on its social media platform, said the organizers behind a major advertiser boycott of Facebook after a meeting with the CEO of the company Mark Zuckerberg and other executives. The organizers called the meeting “disappointing”. Members of the coalition of…
A government support package of $1.6 billion has been granted to Novavax Inc by the US government to allow the drug maker the finances needed for testing, commercialization and manufacturing of a potential coronavirus vaccine in the United States. The government aims that the drug maker will be able to deliver 100 million doses by…
Any request for user data from the Hong Kong law enforcement authorities will not be processed by Facebook and its messaging service WhatsApp while the company conducts an assessment of the controversial security law passed by the Chinese government and now implemented on the city. They would “pause” conducting any review of requests for information…
The “big four” accountancy firms of the United Kingdom has been asked by the regulator to make their auditing operations stricter so that there is improvement in oversight of corporate finances. Accounting scandals have in recent years caused collapse of large companies in the country such as the case of Carillion and BHS. KPMG, PwC,…
While the novel coronavirus pandemic related economic and business hit has impacted the global auto makers. The impact has not been as bad as the other for the United States based electric auto maker Tesla in terms of the company’s sales and production. During the latest completed quarter, the electric car making company delivered 90,650…
Facebook co-founder and CEO Mark Zuckerberg has shrugged off suggestions of threat to the company because of a boycott of the largest social media platform by major advertisers in support of the company being forced to take a stronger stand on hate speech. Zuckerberg said that the advertisers will be back “soon enough”. The current…
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