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U.S Senate Passes Bill to Ban All Imports Coming From Xinjiang China

The United States Senate has passed a bill which bans all imports from China’s Xinjiang region as a move to stand against the genocide against Uyghurs and other Muslim groups which has been happening in the region for quite some time now. According to the Uyghur Forced Labor Prevention Act, it creates a rebuttable assumption […]

AstraZeneca-Alexion Merger Deal Given a Green Light by UK’s Regulator

The merger deal between British-Swedish pharmaceutical company AstraZeneca Plc. (LON: AZN) and United States based pharmaceutical company Alexion Pharmaceuticals Inc. (ALXN) has been given a green light to go ahead by UK’s competition watchdog. The Competition and Markets Authority says that this merger deal will reinforce AstarZeneca’s line of cancer medicines leaving the merged company […]

Google Slapped With a 500M Euros by France Over Copyright Row

Google’s Alphabet Inc. (GOOGL) has been slapped with a whopping 500 million euros fine by France’s antitrust regulator for failing to fully abide by temporary orders issued by the regulator in accordance with the country’s publishers. According to a press release by the regulator, within the next 60 days, Google must come up with proposals […]

Flipkart to Have a $37.6 Billion Valuation After Upcoming Financing Round

Walmart Inc. (WMT) owned online retailer Flipkart is expecting to sit on a $37.6 billion market valuation after its incoming financing round in which tech investor Soft Bank Group (TKY: 9984) will take part as an investor in the funding round. Soft Bank will be pumping in a $3.6 billion investment in the upcoming financing round. […]

China’s and North Korea Leaders Pledge to Strengthen Ties

The leaders of China and North Korea held a summit over the weekend in which they exchanged vows to strengthen cooperation on the anniversary of their treaty of friendship, cooperation and mutual assistance between the two countries. North Korea’s leader Kim Jong Un said ties between the two nations will always remain vital even in […]

Japanese Premier Declares COVID-19 State of Emergency in Tokyo

The Prime Minister of Japan, Yoshihide Suga, has declared a COVID-19 state of emergency in Tokyo, the world’s most populated city with an estimated population of 37 million people living around its metropolis. The Prime Minister gave out measures made to combat spread of the deadly virus which will remain in place until August 22. […]

Twitter Loses Immunity Against User Generated Content in India

Widely used social network Twitter Inc. (TWTR) has lost immunity over user generated content in India after the Indian government said the company has failed to comply with the new information technology laws in the country. According to the court filing, Twitter no longer enjoy liability protection against user generated content in the country. This […]

Suspected Hackers Demand $70 Million to Restore Companies’ Data Affected by Cyberattack

A group of hackers suspected to be behind a cyber-attack which affected data of companies across the world is now demanding for a ransom of $70 million to restore the data. The hackers group posted the announcement on a dark web site. This ransom demand was posted on a blog normally used by a Russia […]

President Biden Orders Investigations Into Latest Ransomware Attack

United States President Joe Biden has ordered the country’s intelligence agencies to probe into a latest ransomware attack which affected various U.S business entities. The intelligence have been mandated to find the perpetrators of this unfortunate event. Some American agencies have come out pointing fingers at Russia alleging the attack was carried out by a […]

President Putin Signs Law Which Will Require Foreign IT Firms to Open Offices in Russia

On July 1, Russia’s President Vladamir Putin signed a bill which will require foreign IT companies to open offices in Russia into law. This clearly means that any information and technology company which wants to operate in the European nation will have to set up offices in Russia’s territory first. This new development has already […]