Citing information from direct involved sources, China based e-commerce giant Alibaba Group Holding Ltd (BABA) is planning to acquire stake of up to 10% in Yunda Holding Co Ltd (002120). Following this deal, Alibaba will become the fifth largest investor in Yunda. Alibaba is aiming at buying this additional stake from Yunda’s founding partners and […]
Dennis Mutua
Amazon Wooing Employees with Higher Pay to Pick and Pack Whole Food Groceries
World’s largest e-commerce company Amazon Inc. (AMZN) is wooing its employees who work in the warehouses with higher salaries to pick and pack whole food groceries amid coronavirus pandemic. Without a doubt, many employees have lost their jobs following this pandemic, others have been forced to go on a mandatory less paid leave or an […]
Rosneft Pulls Out of Venezuela Following U.S Sanctions
U.S sanctions against Venezuela seem to be hitting hard and harder on the nation situated on the northern coast of South America. The latest casualty of these sanctions is Russian integrated energy company Rosneft Oil Company (ROSN). The largest Russia based oil company has announce that it will be ceasing operations in Venezuela with immediate […]
U.S Set to Cut Down Chip Supply to Huawei
The antagonism between the United States and Chinese tech giant Huawei Technologies seems to be far from over. It all started when the U.S accused the company of using its infrastructure and services to spy for Beijing. Senior State’s Officials Meeting Anytime soon U.S will be cutting down supply of chips to the company after […]
Global Airlines Urge Governments to Aid Them Overcome Plunge Due to Coronavirus
Coronavirus pandemic is biting so hard and so fast into every economy, various sectors have been deeply affected by this situation since businesses are no longer running as usual. World airlines remain among the top of the businesses greatly affected by outbreak of coronavirus. Almost every nation in the world now has completely shut down […]
U.S Senate Passes a $2 Trillion Bill to Combat Coronavirus Pandemic
On Wednesday the U.S Senate unanimously voted for a $2 trillion bill to assist in the fight against breakout of deadly coronavirus which is spreading in the United States more rapidly than anyone could have anticipated. Largely, this funds will be used to support unemployed peoples, purchase of critically needed medical equipment and injecting financial […]
A Group of Cyber Security Gurus Unite to tackle Coronavirus Related Hacking
Truth is it would be naive to think that at this time of a great catastrophe there are no criminal activities going on around the globe. As weird as it might sound, some bad people are still out there with intentions of benefiting from other peoples misfortunes. Following the outbreak of coronavirus pandemic worldwide illegal […]
Facebook and Netflix to Relieve Network Congestion in India by Reducing Data Traffic
Social media guru Facebook Inc. (FB) and media services production company Netflix Inc. (NFLX) announced they will be reducing amount of data their services consumes in India so as to ease network congestion in the country. The companies claim to have taken this measure so as to reduce network congestion in the world’s second highest […]
Flipcart Suspends Operations in India Following a 21 Day Lockdown
On Wednesday Walmart Inc’s. (WMT) subsidiary Flipcart announced suspending its operations indefinitely in India. The company relayed this information through its website less than 24 hours after a 21 day lock-down had been declared in the world’s second highest populated country. Flipcart did not reveal how long they intend to remain closed however the retailer […]
Twitter Drops Q1 Financial Guidance Due to Coronavirus
Without a doubt outbreak of deadly coronavirus has and continues to affect the entire world in worst ways no one would have ever imagined. The effects of this epidemic are being felt in each sector of any given economy in the entire world. Widely used social media network Twitter Inc. (TWTR) has not been left […]