Alphabet Inc cancels Google I/O midst global coronavirus outbreak

Alphabet Inc has canceled its annual developer event, Google I/O, midst growing concerns on China’s coronavirus which has started spreading outside China. “Over the coming weeks, we will explore other ways to evolve Google I/O to best connect with and continue to build our developer community,” said Alphabet Inc. On Monday, Alphabet had said it…

Car production in Britain will take significant hit if Brexit leads to tariffs with EU: Society of Motor Manufacturers and Traders

A British trade body has warned that the country’s annual car production is likely to drop by a third to 1 million by 2024 if Brexit leads to tariffs with the European Union; the output will be lost to other nations. Britons are staring at an elections in just over two weeks with Prime Minister…

Alibaba’s Singles’ Day shopping festival hits $1 billion with 1.08 minutes

On Monday, Alibaba Group Holding Inc stated, sales from its annual Singles’ Day shopping event touched $22.63 billion (158.31 billion yuan ) in the first nine hours, up by 25% from 126.72 billion yuan a year earlier. China celebrates Singles’ Day as a shopping festival much like Black Friday or Cyber Monday. It has grown…