In a significant development, the Trump Administration announced that it will further tighten the screws on Huawei Technologies Co, and crack down on its access to commercially available semiconductors. The development underscores the U.S. Commerce Department’s intent to expand restrictions that were announced in May 2020 which were aimed at preventing the Chinese company from…
According to sources briefed on the matter at hand, Oracle Corp has had preliminary talks with ByteDance, TikTok’s owner, and was seriously considering purchasing the app’s operations in the United States, Australia, Canada, and New Zealand. Earlier this month, Twitter Inc had expressed an interest to acquire TikTok’s U.S. operation and had approached ByteDance for…
Cruise operator Carnival Corp disclosed, it has launched an investigation into a ransomware attack on one of its brand’s computer network systems. In a regulatory filing, Carnival, which operates AIDA, Carnival and Princess cruises among others, disclosed that through the attack hackers were able to gain access personal data of guests and employees. Carnival Corp…
On Monday, in a significant development, International Business Machines Corp (IBM) announced a new processor for data centers that can handle three times the workload of its predecessor. IBM’s Power10 chip will be manufactured by Samsung Electronics Co Ltd. The Power10 will benefit from Samsung’s 7-nanometer chip manufacturing process, which incidentally is similar to its…
While pharma companies and other institutions all around the world are in the race of developing the bets vaccine for the novel coronavirus, its effect is being felt on the Wall Street also. After getting listed on Friday, the stock of the German firm CureVac, a biotech firm that is backed by the Bill &…
With Britain adding France, the most visited country in the world, on its quarantine list, the efforts and hopes of Europe to restart its huge travel and tourism sector has been dealt a severe blow. According to the latest guidance from the UK Department of Transport, updated late on Thursday, a mandatory quarantine of 14…
United States based e-commerce giant Amazon has now ventured into the online medicine market of India with the launch of an internet pharmacy in the country. After initially starting the service in the Southern Indian city of Bangaluru, the company may also expand the services into other cities of the country as well. This move…
Shared office provider, WeWork told employees that it has managed to slow down its cash burn rate by nearly 50% from December 31, 2019 and that it has secured a $1.1 billion finance commitment from its majority owner SoftBank Group Corp. In an e-mail to employees, the company said, while the coronavirus pandemic had hurt…
With Google and Apple removing “Fortnite”, a popular video game from their app stores for violating their in-app payment guidelines, game developer Epic Games has filed federal antitrust lawsuits challenging these very rules in court. Both, Google and Apple have cited the direct payment feature on the Fortnite app as a violation of their app…
While downplaying the threat of a ban on its chatting app WeChat, its owner Tencent believes that the ban will only impact its operations in the United States. An equivalent messaging platform called Weixin is run by the tech giant in China and the company hopes that that service will remain unaffected. Tencent believes that…
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