Global CEOs downsize physical office spaces, accelerate move towards digital workspace: KPMG survey

According to the results of a survey released on Tuesday, companies across the glove are moving their operations online so as to cut expenses related to office space and make recruiting and retaining staff part of their top priorities. The survey by accounting firm KPMG showed, 80% of business leaders had accelerated their digital expansion…

Oracle held preliminary talks to acquire TikTok’s operations in the U.S., Australia, Canada, and New Zealand

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…

Documents show Huawei shipped prohibited U.S. hardware and software to Iran

Although China’s Huawei Technologies has been consistently denying for years that it has not violating American trade sanctions on Iran, internal documents from the company which dates back to 2010 show that it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator. As per internal documents from Huawei, two of…

SpaceX could be valued at $36 billion in latest funding round

According to sources familiar with financing of Elon Musk’s SpaceX, the company is looking to raise around $250 million, which could see its valuation touch $36 billion, reported CNBC. According to CNBC’s report, SpaceX plans on raising the amount at a price of $220 per share. The funding round is expected to close after the…

Canada’s Telus Corp scheduled to launch 5G services with Huawei: Telus Corp’s CFO

In a statement by Canadian telecom operator Telus Corp’s Chief Financial Officer Doug French, the telecom operator is scheduled to roll out 5G services with the help of Huawei Technologies Co Ltd’s equipment. “It’s important for us to launch our network when the time is right…” said French in a statement while adding the company…

Financial market website Zero Hedge suspended from Twitter

Zero Hedge, a financial market website has been banned from Twitter following the posting of a report which linked a Chinese scientist to the fast-spreading coronavirus outbreak in China. Late last week Zero Hedge said, it has received a notification from Twitter accusing it of violating its “rules against abuse and harassment.” The outbreak of…

U.S. aircraft surveillance firm Aireon shares position data of crashed Ukraine International Airlines with authorities

On Thursday, Aireon, a U.S. aircraft surveillance firm stated, it has collected the position data from the Ukraine International Airlines jet that crashed in Iran on Wednesday. Aireon is sharing this data with the appropriate authorities, said is spokeswoman. Aireon’s satellite-based global tracking system captures more detailed data than is available on commercial websites like…