Business

Giphy was bought by Facebook on May 15, 2020. A UK regulator penalized Facebook USD 70 million for intentionally withholding facts regarding its Giphy purchase. Even members of Congress felt Facebook’s USD 400 million deal was a terrible idea when it began in 2020. In August, UK authorities criticized the company’s interactions with the large […]

Rental car company Hertz Global Holdings Inc has taken its first big step toward electrifying its fleet by ordering 100,000 Teslas. The company is expected to receive the first tranche of Tesla’s Model 3 sedans as early as November. The entire fleet will be delivered over the course of the next fourteen months. This is […]

have been evolving and the model of Google Play is based on feedback that we receive from our developer ecosystem. We are always working on bringing changes to make developers successful on Play Store,” a spokesperson said. Days after Apple reduced service fees in its app store, Google has announced a similar move. Google said […]

Donald Trump is no longer included in Forbes’ list of the wealthiest Americans. It’s the first time that the ex-president has not made the cut in 25 years. As per Forbes, Trump is by no means impoverished, which presently values the real estate magnate at USD 2.5 billion. However, his estimated value plummeted by about […]

DeepRoute.ai, a Chinese autonomous vehicle start-up, has received more than USD 300 million in funding from Alibaba. This Shenzhen-based startup develops self-driving systems for automobiles, which include both software and hardware. DeepRoute.ai operates a fleet of self-driving taxis, some of which are managed by partners such as ride-hailing company CaoCao and carmaker Dongfeng Motors. However, […]

American private equity group Clayton, Dubilier, and Rice has emerged as a winner in the long battle to takeover WM Morrison Supermarket Plc. The battle to take over Britain’s fourth-largest supermarket went for almost four months. New York-based CD&R defeated private equity rival Fortress Investment Group. Commenting on the bid, Morrison chairman Andrew Higginson that […]

Activision Blizzard has decided to settle a harassment lawsuit by a US government agency. The gaming company said it would pay USD 18 million to settle the lawsuit. The firm said that it has reached a settlement agreement with the Equal Employment Opportunity Commission. The settlement has been reached in a matter where the agency […]

Tesla CEO Elon Musk made a brief appearance at the 2021 World Internet Conference in Wuzhen and praised China and reassured the company’s commitment towards the country. Musk said that during his video appearance at the conference which was hosted by the Cyberspace Administration of China. Musk confirmed that his company would increase investment and […]

The Minnesota Department of Health has reported more than 400 COVID19 cases that are considered to be linked to pre-K-12 schools in the state. State epidemiologists have claimed that schools are expected to see more COVID19 impact as cases have shot up high in the first week of September. They have said that pre-K-12 students […]

Chick-fil-A has announced some changes in their corporate offices. The fast-food chain giant has said that its chief executive officer Dan Cathy is stepping down from the top position. Dan has been the CEO of Chick-fil-A since 2013. The company has named the grandson of Chick-fil-A’s founder as the new CEO. This will keep the […]

President Joe Biden has set a new goal to help the world fight against the ongoing COVID19 pandemic. Under the new program, President Biden is going to call on the world’s prominent leaders to come forward and commit to immunizing at least 70 percent of the world population by next year. As per the report, […]

Tech enthusiast Elon Musk has described Tesla’s latest version of Full Self-Driving software as mind-blowing. The electric vehicle maker has now started rolling out the Beta v10 of its Full Self-Driving software. Tesla said vehicle owners can now get early access to the software. The software drives Tesla vehicles automatically. According to the company’s claim, […]

Just two weeks after City Council passed a new bill that has capped the fees food delivery apps can charge restaurants; companies like Doordash, Grubhub, and Uber Eats have joined hands to sue New York City. They have filed a lawsuit in Manhattan Federal court seeking to prevent government officials from enforcing such measures. The […]

With the increase in the number of Covid cases, especially the Delta variant, the focus is back on having a cautious approach. Considering this, Microsoft has decided to indefinitely postpone its plan to reopen offices in the United States. The tech giant said that it would delay the reopening of its headquarters at several locations. […]

As Chinese regulators continue to crack down on tech giants, another tech entrepreneur has decided to step away from the leadership position. JD.com founder Richard Liu is handing over his frontline management position to one of his team members. Liu will no longer be involved in day-to-day operations. According to the company, Liu will shift […]

Philippine Airlines is among those airlines that suffered major losses during the coronavirus pandemic. The restrictions imposed on travel during 2020 and 2021 forced these airlines to take several measures to survive. Restructuring is one of them. Philippine Airlines has decided to undergo major restructuring. As part of restructuring plans, the airline has now revealed […]

Pork producers in the United Kingdom say are just weeks away from slaughtering healthy animals as manpower constraints at abattoirs have now led to a stockpile in excess of 70,000 pigs. It is not the first time that the National Pig Association has raised concerns about the consequences of a shortage of employees, which has […]

Over August 2021, bankers interested in managing LIC’s IPO will give presentations to the Department of Investment and Public Asset Management (DIPAM). With the current government pushing ahead with the selling of stock in the Life Insurance Corporation of India (LIC), as many as 16 merchant banks have expressed interest in handling the much-anticipated IPO. […]

The buzz around iPhone 13 lineup is getting louder as the launch date nears. Those who are planning to buy a new iPhone could have to shell out more this time. Apple is considering increasing the price of the iPhone 13 lineup. This increase is mainly because of the jump in production costs. The rise […]

Amid the ongoing chip shortage, the world’s largest contract chipmaker is planning to raise the prices of semiconductors. Taiwan Semiconductor Manufacturing Co. has informed its clients about the decision. The contract chip-making giant has said that prices of chips are likely to rise as much as 20 percent. This could be the steepest single increase […]