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Biden Revokes Trump’s Executive Order Limiting Liability Protection of Social Media Firms

U.S President Joe Biden has revoked an executive order signed by his predecessor President Trump which ordered regulators to limit liability protection for social media companies. The White House revoked these orders which had been issued to the Federal Communications Commission (FCC). Following this revocation, the Center for Democracy and Technology hailed President Biden for […]

Google Fined $123 Million by Italy For Abusing Its Dominance

Alphabet Inc. (GOOGL) owned search engine Google has been slapped with a $123 million fine by Italy’s competition watchdog for abusing its dominance in Android mobile Operating System and its app store Google Play. The antitrust regulator says that almost 75% of Italy’s smartphone users use Android Operating System together with its inbuilt app store […]

Autonomous Driving Startup WeRide Hits a Market Valuation of $3.3 Billion

Self-driving startup WeRide is now having a market valuation of $3.3 billion following its latest financing round which happened back in January. The company said it fetched $310 million from the financing round. The latest financing round was led by Homeric Capital and IDG Capital. Technology companies and vehicle manufactures have been investing heavily in […]

U.S Wants Mexico to look Into Labor Rights Violations Allegations at General Motors Plant

The government of United States has asked Mexico to look into allegations of labor rights violations at a plant of General Motors (GM) factory located in Mexico. The administration of President Biden reached the government of Mexico on May 12 requiring it to examine and provide a report on the matter. Katherine Tai, United Sates […]

Xiaomi Removed From the List of U.S Blacklisted Companies

China based technology company and smartphone manufacturer Xiaomi Corp. (HKG: 1810) has been removed from the list of companies blacklisted by the government of United States. This announcement was made by U.S Department of Defense which said that going forward United States will be using litigation measures to solve any issues with the Beijing based […]

Tesla Puts On Hold Shanghai Land Buy Due to U.S-China Tensions

Leading electric car manufacturer Tesla Inc. (TSLA) has put on hold its plan of buying land in Shanghai due to uncertainty between China and United States following extended trade war between the world’s two largest economies. Sources involved in the matter revealed that Tesla is intending to scale down production in China. Previously, the company […]

JPMorgan Bringing Back Employees to Work From Office

Financial service holding company and investment bank JPMorgan Chase & Co. (JPM) announced that it will be bringing back its England based staff to resume working from the bank’s offices starting from June 21. According to the memo disbursed by the bank, staff in England offices will be working partly remotely and partly from the […]

South Korea’s President Using His Last Year in Office to Find a Permanent Peace Deal With North Korea

The President of South Korea Moon Jae-in says that he will be using his last year in office as the last chance to find a permanent peace deal between North Korea and South Korea which have remained fierce rivals since time immemorial. The President made the sentiments on May 10 while giving his speech in […]

China to Start Banning Some Mobile App Notifications

The Chinese internet watchdog, Cyberspace Administration of China (CAC) says that it will start banning some mobile app notifications as part of measures China’s administration is taking to reduce the influence of technology companies have over day to day lives of Chinese citizens. For a while now, China’s government has been complaining over the growing […]

NYSE to Delist Three Chinese Telecom Companies

The New York Stock Exchange will be delisting three Chinese telecom companies in guidance with United States investment restrictions formulated last year. The three Chinese companies to be affected include: China Telecom Corp. (HKG: 0728), China Mobile Ltd (HKG: 0941) and China Unicom (HKG: 0762). While giving a joint public statement, the three companies said […]