A letter posted by a trade body shows, major news publishers seeking more favorable terms from Apple Inc on commissions it collects from them through its app store. The letter, addressing Apple’s CEO Tim Cook, was posted on the website of Digital Content Next (DCN) which represents the Wall Street Journal, the New York Times…
On Tuesday, ride hailing service provider Bolt stated, it has raised $109 million (100 million euros) from London-based investment firm Naya Capital Management in a deal which values the company at 1.7 billion euros. Bolt said, it will use the funds to further increase its market share in a sector deeply affected by the coronavirus…
Despite facing intense scrutiny from global regulators, Facebook’s Libra project saw Singapore state investor Temasek Holdings joining the cryptocurrency project. Financial regulators are worried that the Libra project when launched could erode national control over money. Late on Thursday, Switzerland-based Libra Association, which manages the Facebook-backed digital currency project, announced Temasek entry into the project.…
On Wednesday, the CEO of Daimler-BAIC’s joint venture’s stated, he views the Chinese auto market in 2020 as “moderately positive”; his assessment is based on its April sales performance in China. Daimler-BAIC’s CEO Arno van der Merwe made the comments during a visit to the Beijing Benz Automotive Co’s plant. He did not comment on…
On Tuesday, Spark New Zealand Ltd stated, it will manage part of New Zealand’s allocation of 5G spectrum as the country prepares to roll out the next generation mobile technology over the next year. In a statement to the New Zealand Stock Exchange, Spark New Zealand Ltd said, it will be offered management rights to…
On Tuesday, Logitech International reported a rise of 13.6% in fourth-quarter sales. The development comes at a time when more people are working from home due to the coronavirus crisis. Logitech has rpeorted a fourth-quarter sales of $709.2 million, up from $624.3 million a year ago. Non-GAAP operating income rose 23.3% to $79 million in…
Indonesia’s largest e-commerce platform, Tokopedia said, it is investigating an attempted cyber attack and claims that details of millions of its users had been leaked online. “We found that there had been an attempt to steal data from Tokopedia users,” said Tokopedia’s spokesman. “However, Tokopedia ensures that crucial information such as passwords remains successfully protected…
In a statement, Twitter Inc said, it was testing a new type of tweet in Brazil, which disappears after 24 hours, a feature that is similar to the stories feature that appears on Snapchat Facebook’s Instagram. Called ‘fleets’, Twitter’s vanishing messages can be viewed by tapping on a user’s profile picture. They however do not…
In a statement, the chief executive officer of Airbus SE said, the planemaker plans on investing between $539 million-$1.08 billion (500 million euros and 1 billion euros) in 2020 on its A220 passenger jet program. Earlier in February, Airbus had raised its stake in the program, known as Airbus Canada, to 75%, up from 50.1%,…
British network Three is set to join its larger rivals as it rolls out 5G mobile services in major cities including London, Birmingham and Glasgow, from the end of the month. Owned by Hong Kong’s Hutchison, Three launched a 5G home broadband product in central London in 2019. At that time, Three’s Chief Executive, Dave…
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