A total of €1 billion ($1.2 billion) will be spent by Unilever to stop its use of fossil fuels in the process of production products for its cleaning and laundry brands. Only renewable or recycled carbon will be used for the manufacturing of household products such as Omo, Sunlight, Cif and Domestos by the end…
According to sources familiar with the matter at hand, Bumble, a dating app, is preparing for an initial public offering (IPO), which could see the company being valued between $6 billion to $8 billion. Bumble’s IPO could come early next year, said a report from Bloomberg citing sources. Sources cautioned that Bumble’s IPO plans have…
On Wednesday, in a statement Exxon Mobil Corp said, it has started a voluntary redundancy programme for its Australian employees, as means to mitigate the current predominant “unprecedented” market conditions. The voluntary redundancy programme is being offered to all employees in Adelaide, Sydney, Melbourne, Gippsland, and Perth, said Exxon in a statement. When asked to…
In a significant development, Facebook Inc disclosed that it has partnered with external researchers to examine its impact during the crucial 2020 U.S. presidential election. The findings of the studies will be published in the middle of 2021, at the earliest. The initiative expands its Social Science One project wherein academics study the political impacts…
In a significant development, Amazon.com Inc, the world’s biggest e-commerce retailer, has received federal approval for testing commercial deliveries through its fleet of drones. The U.S. Federal Aviation Administration (FAA) has approved Amazon Prime Air, Amazon.com Inc’s special service delivering packages in 30 minutes or less, to test delivering orders using autonomous drones. With this…
In a statement, U.S. social media giant Facebook Inc said, it would block news publishers and people in Australia from sharing news on its app, including Instagram and Facebook if a proposed bill which forces it pay local media outlets for content, becomes law. In July, the Australian government said it would require tech giants…
While trying to deal with the impact of the novel coronviru pandemic on the travel industry, the founder of AirAsia – Tony Fernandes, is building an app that he hopes will transform into the next “super app” for the region. The app that he plans to develop will be an all-in-one app for food delivery,…
The Swiss company Nestle, which is better known for its foods products, is on a path to aggressively expand its fast-growing health science business and as a business strategy, the company has decided to pay $2 billion to gain full ownership of peanut allergy treatment maker Aimmune Therapeutics. Its health science subsidy called Nestle Health…
British sandwich chain Pret A Manger will cull about 3,000 jobs which amounts to more than a third of its total staff as part of its plans for staging a turn around of the business amid the novel coronavirus pandemic. While the majority of the job losses will take place at the company’s stores, some…
It is being said that the United States based tech giant Apple Inc. is one company among the top tech companies of the world that is fast becoming friendless of the big tech companies. The reason – the company’s polices and rules for its App Store which has been a source of friction for large…
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