With people in the United Kingdom being forced to celebrate at home during the festive season because of the restrictions imposed to prevent the spread of the second wave of the Covid-19, the British supermarket group Sainsbury’s beat its own expectations for trading, prompting the company to raise its profit outlook. In the company’s fiscal…
The $40bn acquisition of the United Kingdom based chip designer Arm by the American chipmaker Nvidia is being investigated by the competition watchdog of Britain. A call for submission of views on the contentious deal by interested parties before the launch of a formal investigation later this year has been given by the Competition and…
According to two sources familiar with the matter at hand, the U.S. Administration is weighing options to add Tencent and Alibaba to a trade blacklist on the grounds that it is either owned or controlled by the Chinese military. Officials from the Department of Defense who oversee the designations have yet to finalize plans to…
With supporters of U.S. President Donald Trump moving into Capitol grounds, tech companies, including Snap Inc, Twitter Inc and Facebook Inc locked their respective accounts of the U.S. President following allegations of China-backed rigging of the 2020 U.S. Presidential elections. Twitter hid and mandated the removal of three of Trump’s tweets “as a result of…
On Wednesday, in a statement self-driving software startup Oxbotica stated, it had raised $47 million in its latest funding round led by the venture capital arm of BP, Halma Plc, a health and safety device maker, and Tencent. Oxbotica, an Oxford University spinoff, develops autonomous systems that could be used in a range of vehicles…
On Wednesday, the world’s most popular cryptocurrency, touched its zenith of $35,000 for the very first time extending a rally that has seen the digital currency surge by more than 800% since mid-March. Bitcoin touched a high of $35,879 on Wednesday. On December 16, it had breached the $20,000 threshold for the first time.
In a first, more than 200 workers at Google and other Alphabet Inc businesses formed a labor union for U.S. and Canadian offices. They however fell short of the support required to force Alphabet Inc to come to the bargaining table. Backers of the union believe, the “Alphabet Workers Union,” which incidentally evolved from a…
Adobe Flash Player, the browser plug-in that helped to achieve rich animations and interactivity for users in the early web, has been officially put to an end. Flash was once considered to be amongst the most popular methods for people to stream videos and play games online. It was released in 1996. It however was…
The market is abuzz with rumens of a possible self-driving car from the American tech giant Apple. There has not been any public comment or announcement from Apple about the project which has come to be known as Titan. Therefore there is little official clarity on the type of car Apple might make. There is…
According to a report from the Wall Street Journal citing sources familiar with the matter at hand, Quibi is in advanced talks to sell its content catalog to video-streaming device maker Roku Inc following the streaming service provider winding down its operations. Los Angeles-based Quibi, which offered entertainment and news in episodes of 10 minutes…
