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Amazon to Start Removing Inappropriate Content Violating Rules From Cloud Service

Giant e-commerce company which also engages on cloud-computing, artificial intelligence and digital streaming Amazon Inc. (AMZN) says that it will be taking more proactive measures to determine what type of content violates its cloud service policies. The United States based multinational company says it will be removing content which goes against its measures such like […]

Apple Slapped With an Antitrust Lawsuit in India Over its In-App Purchase System

U.S based technology company dealing in online services, consumer electronics and computer software Apple Inc. (AAPL) has been slapped with an antitrust case in India over allegedly abusing its dominance in the apps market by forcing developers to use its proprietary in-app purchase system. These allegations are similar to ones made by the European Union […]

Chinese Regulators Summon Ride-Hailing Firms Over Concerns in the Sector

Chinese regulators are raising concerns over with ride-hailing companies in the country concerning the sector, the regulators summoned firms like Meituan (HK: 3690), Didi Global Inc. (DIDI) and Caocao to discuss arising concerns in the ride-hailing sector. According to the regulators, ride-hailing companies have been hiring unqualified drivers and using promotions which disrupt fair market […]

Thailand to Start Collecting VAT From Multinational Tech Companies

Thailand announced that it will start collecting value added tax (VAT) from foreign technology companies which are operating in the country. The authorities expect this move will fetch them additional minimum revenue of $154.70 million annually. According to senior finance ministry official, Ekniti Nitithanpraphas, after adoption of the new directive, foreign companies providing electronic services […]

Australia Contemplating New Laws for Google, WeChat and Apple’s Digital Wallets

The Australian government is contemplating introducing new laws to reinforce regulation of digital payment services by leading tech giants including Apple Inc. (AAPL) and Alphabet Inc. (GOOGL) owned Google. Austalia’s federal treasurer Josh Frydenberg, says he will carefully consider the recommendations from a government–commissioned report in establishing whether the payments systems have kept pace with […]

Musk Raises Concerns Over Nvidia-Arm Acquisition Deal

American billionaire Elon Musk is raising competition concerns over U.S based technology company Nvdia Corp. (NVDA) acquisition deal with UK based semiconductor designer Arm. Musk joins a list of multinational corporates and other high profile individuals who have reservations on this merger deal. According to the acquisition deal, Nvidia is offering to pay $12 billion […]

Nubank Planning a United States Initial Public Offering

Brazil based financial technology bank Nubank is eyeing a United States initial public offering which will leave the largest bank in Latin America with a market valuation of $55.4 billion making it the biggest traditional lender in Brazil. The latest financing round held by Nubank left it sitting on a market valuation of $30 billion, […]

Virgin Orbit to go Public Through Merger Deal With SPAC

Provider of launch services for small satellites Virgin Orbit is set to go public through a merger deal with a Special Purpose Acquisition Company (SPAC), NextGen Acquisition Corp. (NGCA), which will leave the company with a market valuation of around $3.2 billion. This merger deal will include a $100 million financing from Boeing Co. (BA), […]

Walmart Unveils Last Mile Delivery Service Walmart GoLocal

Retail cooperation running a chain of hypermarkets and departmental stores Walmart Inc. (WMT) a delivery service for other merchants across the United States known as Walmart GoLocal. This initiative entails delivering items up to the last mile, Walmart will dispatch workers from its Spark delivery network from the stores selected by merchants as their pick […]

Woolworths Partners With Uber Eats for Same Hour Grocery Deliveries

Australia based online retail company Woolworths Group Ltd (ASX: WOW) has entered into a partnership with online food ordering and delivering platform Uber Eats in same hour deliveries of groceries initiative. This partnership is aimed at addressing the increase in demand of groceries, since the pandemic began, online orders of groceries has been increasing at […]