The novel coronavirus pandemic has offered an immediate business opportunity to Verily, a healthcare venture of Alphabet Inc and is considered to be one of the most prominent among the “other bets” of the tech giant. In a major shift in its core operations, the company deployed many of its about 1,000 employees, who were…
According to two sources familiar with direct knowledge of the matter at hand, Huawei Technologies Co Ltd is in early-stage talks to sell its premium smartphone brands P and Mate, in a move that could potentially see the Chinese company exit from the high-end smartphone-making business. Negotiations between Huawei and a consortium led by Shanghai…
On Monday, in a statement Taiwan Semiconductor Manufacturing Co Ltd (TSMC) stated, it will prioritize production of auto chips if it is able to further boost production, said Taiwan’s Economics Ministry after Minister Wang Mei-hua spoke to senior company executives. On Sunday, TSMC had told the ministry that they will “optimise” the production process of…
The potential of the new Covid-19 variant first identified in the United Kingdom to cause more damage than the original one according tp “some evidence”, said British Prime Minister Boris Johnson. “We’ve been informed today that in addition to spreading more quickly, it also now appears that there is some evidence that the new variant…
Tesla CEO Elon Musk has set his sights on a new business segment which is already significantly dominated by existing behemoths – the telecommunications industry. Earlier this month, Musk became the richest person in the world as the electric auto company he had co-founded broke all records to also become the most valued auto company…
According to a document from the European Commission, antitrust regulators from the European Union have sought information from advertisers regarding Google’s advertising technology practices. During the last three years, Google, owned by Alphabet Inc, has been fined a total of $10 billion (8.25 billion euros) for blocking rivals in online shopping, online advertising and Android…
Starting from April, Amazon.com Inc is set to raise fees by 3% for Spanish companies that use its platform. The development comes in the wake of the Spanish government imposing a digital tax on large tech companies. Confirming the so-called Google tax, a spokesman for Amazon said, after Spain begun charging a digital tax on…
In a statement on Thursday, Britain’s IG said, it plans to acquire tastytrade, a U.S. trading platform, for $1 billion. The development will see IG venturing into North America following a stellar year for the new breed of retail investment brokerages. The Coronavirus induced COVID-19 pandemic which brought lockdown in most countries increased market volatility…
On Thursday, COVID-19 researchers from Britain’s Oxford University said, rapid lateral flow tests will most likely identify the most infectious COVID-19 cases with higher viral loads; this is despite concerns over the overall sensitivity of the tests, Along with the roll-out of COVID-19 vaccines, the government has introduced widespread testing, including lateral flow tests, as…
According to a statement from German Finance Minister Olaf Scholz, Germany will provide an annual tax relief of around 2.3 billion euros as part of part of a new measure to support purchases of digital assets, including computer software hardware. German state government and the federal government agreed on Tuesday, that digital assets could be…
business-gurus.com 